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
BBB promoting holiday clubs with CUNA stats
DALTON, Ga., and FORT WAYNE, Ind. (1/14/10)--The Better Business Bureau (BBB) is promoting Christmas Club accounts and using Credit Union National Association (CUNA) statistics to show credit unions’ participation. Georgia and Indiana newspapers have picked up the story, also using CUNA stats. Christmas Club accounts are traditionally offered at credit unions or small banks. They allow consumers to set aside money throughout the year into a savings account. Consumers can withdraw the funds in the fall to buy items for the holidays. The Dalton Daily Citizen (Jan. 12) and the Fort Wayne News-Sentinel (Jan. 11) noted that about 78% of credit unions offer the clubs, according to CUNA. Interest in the clubs spiked in 2009, the newspapers said. The BBB recommends that consumers “shop around” for their Christmas Club accounts. Interest rates may vary, the News-Sentinel said. Retailers also have begun offering the clubs.


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
19 minutes ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
5 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
6 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
6 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
6 hours ago