Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CUNA economist briefs INY TimesI on auto financing
NEW YORK (10/31/08)--Those who finance their auto purchases through credit unions are on “good footing,” Credit Union National Association Senior Economist Steve Rick told The New York Times. The Times noted in a Thursday article that credit unions are willing to lend to car buyers--unlike banks, which are being hit by the subprime crisis. “[Credit unions] didn’t have the losses,” Rick told the newspaper. “We don’t need to hoard credit.” More members are taking advantage of credit union loans to finance used vehicles rather than new ones, Rick added. The Times article, “Deals are Plentiful (But Bring Good Credit),” focused on the availability of car loans to potential buyers. To read the full article, use the link.
Other Resources

RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
8 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
14 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
14 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
14 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
15 hours ago