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

CU System
10 reasons to love CU blog shows a need to educate
MADISON, Wis. (3/11/08)--An article by a freelance writer on the SavingAdvice.com blog (March 9) touts "10 Reasons Why I Love Our Credit Union." The author's credit union isn't identified, but she says it is based in Washington State. And here's what her credit union does right:
* Offers high initial interest rate on checking and savings. * Offers interest on a checking account. * Has no monthly fees. * Provides automatic overdraft protection (even though she always has money to cover her transactions). * Offers a variety of other services: credit cards, auto loans, mortgages, certificates, money market accounts. * Makes it easy to transfer funds among accounts. * Has a co-op structure. * Profvides quality service. * Offers financial classes. * Provides scholarships and grants.
However, the author consistently calls her credit union a "bank." Her use of the term prompts comments from readers debating what a "bank" and a "credit union" are. Some comments are misinformed, while others try to correct the misinformation. The exercise brings home the point that while members love their credit union, credit unions still must do a better job of educating their members about the credit union difference. To review the entire article and the comments, use the resource link.
Other Resources

RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
8 hours ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago