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News Now

CU System
Syndicated TV show features co-ops CUs
MADISON, Wis. (6/22/09)--A short segment about cooperatives and credit unions will run on national television over the next few weeks. Stacy Johnson, host of a syndicated television program called Money Talks News, just launched the segment that includes Paul Hazen, president/CEO of the National Cooperative Business Association, talking about the nature of cooperatives. “Cooperatives allow small-business owners to remain independent and, at the same time, compete in the global economy against big-box stores because we’re working for each other’s benefit,” Hazen said in the segment. Johnson mentioned that cooperatives comprise not only small businesses but also credit unions. Also featured is Ralph Crockett, CEO of BrightStar CU, Fort Lauderdale, Fla. He talks about credit unions as an alternative to bigger banks. “I have people tell me about their 18.99% credit card [interest] rates,” Crockett said. “They have no idea that credit unions are available to give them a better deal.” To view the segment, use the link.
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