MADISON, Wis. (2/10/12)--Credit Union National Association President/CEO Bill Cheney promoted consumer access to credit unions during an appearance on the "Willis Report" on Fox Business News
Cheney told host Gerri Willis that credit unions are willing to work with consumers who have experienced previous financial problems.Cheney said that for many of these consumers, credit unions can be a viable option.
During an appearance on the "Willis Report" on Fox Business News Wednesday, CUNA President/CEO Bill Cheney said credit unions are willing to work with consumers who have experienced previous financial problems.
"Yes, there are people who can't have a checking account temporarily because of problems they've had in the past, but they are still able to open a savings account at a credit union," Cheney said.
Most credit unions are willing to work with members who have experienced past problems, often starting the member with a savings account and providing opportunities to earn the privileges of opening checking and credit accounts, Cheney said.
Cheney directed consumers seeking to join a credit union to to aSmarterchoice.org.
"There are ways to get a hand up and help to find an account," Cheney said.