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CU difference noted in Missouri credit crisis forum
ST. LOUIS (10/30/08)--A credit crisis forum featuring financial institution leaders and experts provided an opportunity to share the credit union difference in the St. Louis area, says the Missouri Credit Union Association (MCUA).
From left, Radha Gopalan, Washington University; D. Eric McClure, Missouri Division of Finance; Bill Ratliff, Missouri Bankers Association; Rosie Holub, Missouri Credit Union Association; and Julie Steakhouse, Federal Reserve Bank of St. Louis. (Photo provided by the Missouri Credit Union Association)
MCUA President/CEO Rosie Holub joined the panel discussion at the forum "Financing the Future: A Look at How the Credit Crisis Affects Development and Job Creation in St. Louis." State Rep. Jamilah Nasheed (D-60) hosted the event at Harris Stowe State University Friday (The Missouri Difference Oct. 29). Holub emphasized credit unions' safety and soundness and said credit unions have money to lend. She also pointed out that the current economic situation offers an opportunity. "This is the time to rethink our financial discipline by clearly separating needs from wants, and financial education is key," Holub said. "Credit unions are an excellent resource for information, and the more knowledge you have, the more you can look at your situation and find income opportunities." Other forum participants included Professor Radha Gopalan, Washington University Olin School of Business; D. Eric McClure, Missouri Division of Finance; Bill Ratliff, Missouri Bankers Association; and Julie Steakhouse, Federal Reserve Bank of St. Louis. Moderating were Amy Blouin, director of the Missouri Budget Project, and Eric E. Vickers, spokesperson, Minority Inclusion Alliance. More than 40 people attended. They included representatives from 1st Financial FCU, St. Charles, and St. Louis Community CU. A local cable access station, Channel 10, will re-broadcast the discussion at 3 p.m. CT today.
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