Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
14 hours ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
1 day ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
1 day ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
1 day ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
1 day ago