Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Bankrate.com CUs offer great rates
NEW YORK (10/28/10)--Bankrate.com recently highlighted credit unions’ abilities to offer “a great rate” on deposit accounts because they are organized as nonprofit cooperatives. Don Taylor, a financial expert who authors Bankrate’s “Dr. Don” column, responded to a question from a reader who wanted to know how a credit union could afford to offer money market account interest rates of 1.75% on deposits of more than $50,000. Taylor also told readers that people with a common bond originally formed credit unions, but membership at many credit unions is now open to anyone who lives or works in a certain geographic area. Readers were directed to the Credit Union National Association’s online credit union locator to find a local credit union. To read the article, use the link.
Other Resources

RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
17 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
18 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
18 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
20 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
21 hours ago