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CU System
CNBC.com column Expect a rush to join CUs
NEW YORK (12/30/08)--A columnist for CNBC.com predicts that 2009 will bring a rush to join credit unions. Consumers will “flock to credit unions where they truly are more than three digits and a credit report,” according to John Ulzheimer, a contributor for CNBC’s “On the Money.” Ulzheimer listed 10 items in a recent column that the new year will bring for consumer credit. He listed credit unions as No. 2. “Little or no exposure to subprime mortgages, no shareholders to impress every three months and plenty of money to lend seems like a trifecta to me,” Ulzheimer said. “Add to that the same level of insurance for your deposits and overall better treatment of their members compared to that of the large banks and this is a slam dunk,” he added. To read the full article, use the link.
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