Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Benefits Of CUs Getting Boost From Media
WASHINGTON (10/15/13)--The Credit Union National Association and the credit union system saw a busy week last week in the media. Mainstream press not only focused on credit unions' efforts to assist furloughed federal employees, but also carried general articles touting the benefits of credit unions.
 
CUNA was cited in The Wall Street Journal as an expert on consumer credit card behavior, and in a Tennessean opinion-editorial about preserving the credit union tax status. The Fontana Herald News picked up CUNA Chairman Patricia Wesenberg's op-ed on "Tax Reform Should Put Consumers First--Not Banks."
 
MoneyTalkNews carried a syndicated article by Stacy Johnson outlining seven reasons to join a  credit union. The article has had wide coverage, including in MSN.Money and Yahoo! Finance. Her reasons for joining a credit union include:
  • Lower rates on loans;
  • Higher rates on savings;
  • Better credit card deals
  • Lower and fewer fees;
  • Ease of borrowing;
  • Convenience via shared branches,
  • Human beings answering the phone; and
  • Deposits guaranteed by a federal insurance fund.
To join a credit union, she advises going to locator sites such as "the Credit Union National site."
 
And an article on Credit Unions Online noted that Biz2Credit Small Business Lending Index says the national member business loan growth is up 45% for August, proving that credit unions continue to be a necessary resource for business owners.
 
Others featuring articles favorable to credit unions in their furlough coverage included The Washington Post, Buzzfeed, CBSNews, and Baltimore Sun.
 
To access the articles, go to the "In the Media" link.
RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
19 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
20 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
22 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
1 Day ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
1 Day ago