Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
MSN Money blog outlines 10 reasons why CUs rule
NEW YORK (1/7/09)--Credit unions rule, according to a Tuesday blog post on MSNMoney.com. The blog posting, “10 reasons why credit unions rule,” by Karen Datko, encouraged consumers to join a credit union to receive better interest rates on loans and deposits, better prospects of receiving personal loans, and lower fees. Credit unions exist to serve their members, while banks exist to serve their shareholders. Members are also more important at credit unions, where “at a huge bank, you’re an account number,” she said. “(Banks) see so many customers throughout the day that there’s no opportunity to build relationships,” Datko added. Members of credit unions also aren’t pressured to take on risks they can’t afford. “Credit unions aren’t immune to loan defaults, but when you don’t feel the constant pressure to generate a profit, you don’t take on those riskier loans,” she said. For the full post, use the link.
Other Resources

RSS print
News Now LiveWire
Even 1 step makes a difference in preparing for disasters #creditunions #NewsNow http://t.co/eFUmMJnIwA
9 hours ago
From today's @USATODAY front page, a shout out to #CreditUnions courtesy of @CUNA http://t.co/881vLPeECN
11 hours ago
Happy anniversary to the ATM! 45 years of self-service cash HT @GOBankingRates http://t.co/ycsm3GFwk5
12 hours ago
.@USATODAY print edition features #creditunion membership march to #100mm. Zoom in on lower left hand corner #NewsNow http://t.co/Xv8fyX7ces
13 hours ago
No special assessment for ASI member #creditunions in 2014. See #NewsNow http://t.co/NwL9eJwbiQ
13 hours ago