Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
10 minutes ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 hours ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
3 hours ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
3 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
3 hours ago