WASHINGTON (9/2/09)--Credit unions and the Credit Union National Association (CUNA) were featured prominently in national media such as The Wall Street Journal
, and Forbes.com
last week. CUNA served as a key a resource for a positive student lending story in Forbes.com
(Aug.26). Entitled "When a Credit Union Beats a Bank," the story advised college students that "it pays to check out the university's not-for-profit credit union." The story spotlighted several credit unions with university ties--including Princeton FCU, Michigan State University FCU, and the University of Nebraska FCU--as well as the CO-OP Network's surcharge free ATMs. William Jordan of The Sentinel Group told the publication that a few years of loyalty to a national bank does not generate the same benefits as membership in a credit union. He noted credit unions' better rates. Forbes
also included a testimonial from Megan Collins, the first student at the University of Nebraska to open an account at the University of Nebraska FCU. Other media hits last week included:
* CUNA Chief Economist Bill Hampel was interviewed Thursday on CNBC's "Closing Bell," discussing whether the economy is really recovering and whether the government stimulus funds are playing a role in the signs of recovery so far. Hampel also was interviewed by Reuters about consumer spending (News Now Sept. 1). * Mary Dunn, CUNA deputy general counsel, was featured in The Wall Street Journal (Aug. 27), discussing the temporarily increase in deposit insurance to $250,000 per person, per account, which some believe may become a permanent change. When consumers are accustomed to a higher level of government protection, "it will be tough to roll it back," she said. The article notes credit unions can help consumers make their cash work hardest, and gave as an example Baton Rouge, La.-based Pelican State CU's eXtra Bonus Checking account, which pays 5.25%. * Credit unions as payday lending alternatives was the subject of three op-ed pieces by Brett Thompson, president/CEO of the Wisconsin Credit Union League. His articles all appeared Sunday in Wisconsin newspapers--the Capital Times in Madison.; The Northwestern in Oshkosh; and the Milwaukee Journal Sentinel.