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CU System
Alaska FIs fielding more deposit queries
ANCHORAGE (9/26/08)--Credit unions and other financial institutions in the Kenai Peninsula of Alaska have been fielding queries from consumers about their deposit insurance coverage. They are "fielding more questions than usual these days" from consumers worried about how the economy will affect their savings accounts, said Peninsula Clarion (Sept. 24). The article, which emphasized that most banks and credit unions have federal insurance, interviewed two banks and a credit union. Alaska USA FCU Chief Financial Officer Norm West told the publication that the credit union has been getting calls from worried members who want more information about the current situation. Several have inquired about differences between credit unions and banks. The callers generally say they are happy or they have more money to move from other institutions, West said. Tellers may be answering more questions at the counter, he said. Use the resource link for the full article.
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