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

Products
CUNA offers articles on CUs as safe harbor
MADISON, Wis. (8/25/11)--The Credit Union National Association’s (CUNA) Copy & Art Express newsletter service is offering credit unions two new free articles--“Your Credit Union: Safe Harbor in Financial Storms” and “U.S. Credit Rating Slips: What (If Anything) Does it Mean to You?”--to remind members that credit unions are strong and stable. “These two articles remind consumers that credit unions are a safe haven for their hard-earned money, even during times of economic uncertainty,” said Vikki Kinsler, manager of the Copy & Art Express newsletter service. While the downgrade in the U.S.’s credit rating has shaken investors, the credit rating drop has actually had a positive short-term impact on bonds, the credit rating article explains. “Major swings in the stock market can be unsettling for consumers, making this a good time to remind them that credit unions insure members’ savings to at least $250,000, Kinsler said. “Federal insurance from the National Credit Union Administration protects members’ money in credit union share savings, share draft/checking, money market, share certificates, trust and retirement accounts.” The “Safe Harbor” newsletter article reminds members that credit unions have a strong capital position. That strong capital base--undivided earnings and reserves--helps credit unions and their member-owners weather uncertain economic times, it explains.


RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
7 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
3 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
3 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
5 hours ago