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Australian CUs have experienced strong growth in retail deposits at the expense of their regional banking rivals. http://ow.ly/goIE
Yakima Valley CUs have benefited from larger banks troubles as membership, deposit growth, and overall presence expand. http://ow.ly/goHD
Florida Central CU names CUNA board member Laida Garcia as president, CEO. Garcia succeeds the late Ed Gallagly. See http://ow.ly/gnw7
WesCorp detailed cost-saving initiatives-- including roughly 90 layoffs--that aim to roll back expenses to 2003 levels. See July 6 NN.
Wash. State CUs have seen a 313% mortgage loan increase over the last 10 years, with lower car loan, savings deposit increases. See Mon. NN.
The Mica Minute: CUs Are Safe and Sound
WASHINGTON (8/31/08)--The safety, soundness and strength of credit unions--backed by federal insurance--is outlined in Dan Mica's latest "Mica Minute" video, posted on the Internet, as well as on the Credit Union National Association (CUNA) website.
In the video, Mica explains how recent news reports on the failure of banks urged consumers to be sure to save their money in "banks insured by the FDIC."
Mica points out that those reports left out the fact that virtually all credit unions are also backed by federal insurance.
Click on the image above to view the YouTube video. Those unable to access YouTube can watch the video using the link below.
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