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
New York league Financial chaos is an opportunity
ALBANY, N.Y. (9/26/08)--Credit unions can turn the economic chaos of today into a golden opportunity to fulfill their mission, says the Credit Union Association of New York. President/CEO William J. Mellin's message to the New York's credit unions in the league's weekly newsletter notes that credit unions can and should (The Point Sept. 22-26). Consumers worried about the economy have "one place to go, because one type of financial institution remains stable, sound, and welcoming to people from all walks of life," Mellin wrote. "We have been here before. Back in the 1930s, with banks failing at an alarming rate and millions struggling to make ends meet, credit unions enjoyed a great upsurge in membership," Mellin said. "People instinctively realized the value of a cooperative form of finance, owned by its members, where people were more important than money." Today the relevance of credit unions is highly visible once again, with major national media noting credit unions' stability amid economic turmoil. "The stage is set for another upsurge. Whether it happens, however, is up to us," Mellin wrote. "Potential credit unions can only join a credit union if they've heard of credit unions--if they understand what a credit union is, how it operates, what sets it apart," he wrote. "Because you are part of their communities, you are the face of credit unions to them. You have the best opportunity to communicate the credit union difference with the most impact," he added.
Other Resources

RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
14 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
16 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
17 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
18 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
18 hours ago