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
Full text of @DuchessCornwall's #ICUDay speech: 'a cause worth championing' http://t.co/UNNJa0uBSS
38 minutes ago
#Bank disgust not only factor driving #creditunion millennial membership: Inc. http://t.co/sHnjhQwDKc
1 hours ago
#NewsNow Regulator says large banks could face downsizing for ethics gaps http://t.co/B8SMd0RCNr
1 hours ago
.@NJCUL is kicking off its annual Youth Involvement Board statewide scholarship program. http://t.co/oAGZXSm34r
1 hours ago
#NewsNow NCUF honors Schumacher with Wegner award http://t.co/Ot3Mn9f50Z
1 hours ago