Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Mica to AP People need rainy day funds
WASHINGTON (2/21/08)--People need to save more of their income to create a rainy day fund or backup, Dan Mica, president/CEO of the Credit Union National Association, told the Associated Press yesterday. Forbes published the item Wednesday. The article focuses on “America Saves” week, a national campaign starting next week that aims to help people save more--with this year’s focus on saving automatically. Numerous reports of people missing credit card payments and falling behind on mortgages should drive home the point that more savings is needed, Mica said in the article. Having money automatically transferred into savings means “you never miss it,” Mica said. Once that account is started, consumers can consider increasing their level of savings every time they receive a raise. “And anytime you get some extra money, like a tax refund or a tax rebate, a certain amount should go into savings, too,” Mica said. More than 1,000 government agencies, corporations and nonprofit groups have combined efforts in the America Saves program with a goal of increasing consumers’ understanding the need to save for emergencies, for a down payment on a home, to educate children or to finance retirement.
Other Resources

RSS print
News Now LiveWire
#NewsNow @MountainAmerica among top 100 worldwide in HR management http://t.co/QqfzOSTkiA
1 hours ago
Missouri #creditunions embrace Bank on More SUV sweepstakes #NewsNow http://t.co/yjD1qNt68T
1 hours ago
In letter to Pres Obama, @CUNA CEO @Nussle urges natl action on cybersecurity, breaches #NewsNow http://t.co/rZFzSXWJOP
1 hours ago
Bank ATM fees continue to climb. Credit unions? Not so much. #NewsNow http://t.co/7nfcqusVuM
2 hours ago
NCUA 2day liquidated Republic Hose Employees FCU,Youngstown,Ohio, after determining the CU was insolvent w/no prospect for viable operations
2 hours ago