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CU System
Yahoo headline story features Mica HuffPost interview
MADISON, Wis. (1/27/10)—Yahoo! featured Credit Union National Association (CUNA) President/CEO Dan Mica’s interview Friday with the Huffington Post in its Tuesday business section headlines. The story is based on an interview the editor of Huffington’s Move Your Money page conducted with Mica. In it, he again emphasizes the benefits of consumers moving their money to credit unions at a time of public anger and dissatisfaction with the large banks that caused the financial crisis. The piece includes a link to Mica’s recently posted YouTube “Mica Minute” on moving your money to a credit union (see related News Now story--“Mica YouTube video urges ‘move money’ to a CU”) and also links to CUNA’s Credit Union Locator page. Mica told Huffington he hopes “‘the cold shock-wave’ of populist fervor sweeps the financial system and leads customers to credit unions.” Consumers will find that switching won’t just be an effective protest, it will also be a change for the better, he added. “At a credit union they treat [you] like a person, not a number,” Mica said, because smaller financial institutions don't have the “dismissive arrogance” of the largest banks, Huffington added. “Mica said that over the last year credit unions have had a 2% growth rate--higher than the population rate, and the quickest pace that credit unions have seen in a decade--and searches to find local credit unions have tripled in recent weeks,” Huffington wrote. “We’ll always find a complaint here and there about a credit union, but 99.9 out of 100 people are happy to put a bumper sticker on their car that says ‘I love my credit union,’” Mica told Huffington. “That is not the case with banks.” To read the article, use the link.
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