ASBURY PARK, N.J. (10/21/08)--Because credit unions “share a long history of embracing prudent lending standards” they are a safer place for consumers to place their money, a credit union official wrote in an editorial to a newspaper. Susan Aitoro, assistant vice president, real estate lending at First Atlantic FCU, Eatontown, N.J., wrote in the Asbury Park Press Sunday that credit unions, by and large, have not participated in subprime lending and answer to members--not stockholders and CEOs. As a result, credit unions provide members with loans that have “a monthly payment to fit their budget.” Adjustable-rate mortgages (ARMs) are one of the main reasons for the current financial crisis, Aitoro wrote. Most credit unions mortgages are traditional fixed-rate loans, according to the National Credit Union Administration, so borrower can be assured of the same payment for the duration of the loan that they take out and avoid the uncertainty caused by upwardly moving payments cause by ARMs, she added. With federal deposit insurance increasing to $250,000 from $100,000, credit unions now are safer than ever, Aitoro wrote.