MADISON, Wis. (8/31/12)--Media spotlights were on credit unions Wednesday and Thursday, with the Credit Union National Association and credit unions generating good press in Florida with their activities at the Republican National Convention, and with credit unions' student checking accounts receiving accolades from MoneyTalksNews and NerdWallet.
The story about CUNA, the League of Southeastern Credit Unions, and the National Journal
Group's leave-behind project in which Ann Romney, wife of the Republican candidate for president, Mitt Romney, cut the ribbon for a therapeutic playground at All Children's Hospital in St. Petersburg, saw coverage across the state.
Picking up the story on Wednesday and Thursday were Tampa Bay Business Journal; the Tampa Bay Times (which featured two stories) and its online site, Tampa.com; GulfportPatch.com; SarasotaPatch.com, and BelmontPatch.com. Many of the stories had more than one photo and several posted videos of the ribbon-cutting ceremony.
CUNA and the league were featured as developing the playground though fundraising efforts and donations of credit union members. Use the links for examples of the articles and videos.
In another area, credit unions' services for college students were highlighted in an article entitled, "Credit Unions; Better for College Students--and Many Others," in MoneyTalkNews (Aug. 30), which talked about a recent NerdWallet survey comparing on campus credit unions and banks.
"A study of student checking accounts found credit unions usually beat campus banks. Other results: Average credit union rates are better on EVERYTHING, from checking to loans and credit cards," said the article in its first paragraph.
It quoted several statistics: Credit unions have a lower average overdraft fee than banks--$28 to banks' $35; credit unions are more likely to offer free student checking (99%, to 82% at banks); they have an average of nearly twice the ATMs within a mile of campus than banks do; and they are more likely to have a branch on campus than banks.
"Credit unions are also a good place for students and recent grads to build credit, because they're often more flexible with lending. But they might make sense for anybody, not just students," it said. It also pointed to a video offering five reasons to join a credit union. To access the article, use the link.