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CU System
CUNA experts offer advice in media
MADISON, Wis. (1/16/08)--Experts from the Credit Union National Association (CUNA) were recently quoted in U.S. and international media about the importance of credit unions. Most everyone is eligible for a credit union membership, said Pat Keefe, CUNA vice president of communications and media outreach in an article about choosing a credit union. Eligibility requirements differ at each credit union, based on community, employer and association, he told Columbus Business First (Jan. 11). When choosing a credit union, potential members should check with their employers because credit unions affiliated with a specific industry or employer will understand the needs of a company or its employees, Keefe told the newspaper. The credit union also will look at those needs when members apply for loans or credit, he said. CUNA statistics were quoted in an article on repairing a busted budget (Poughkeepsie Journal Jan. 14). Credit unions help their members save by offering opportunities such as Christmas Club accounts. According to CUNA, three-quarters of the nation’s 8,300 credit unions have accounts that allow members to automatically deduct money from their paychecks and set it aside for holiday spending. In an article about best banking moves to make in 2008, Susan Tiffany, CUNA director of personal finance information for adults, advises that developing good checking and savings habits will help money management challenges fall into place. Tiffany was quoted prominently in a Jan. 10 Bankrate article that was recently picked up by Yahoo Finance in Canada.
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