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CUs are first in NCBA video series on co-op benefits
MADISON, Wis. (2/13/09)--A video has been created to educate the media and general public about the value of credit unions, how they work and why they are different from banks. The eight-minute informational video, produced by the National Cooperative Business Association (NCBA) and Cabot Creamery Cooperative--a co-sponsor of Home & Family Finance Radio--features interviews with credit unions members, employees and industry executives. The credit union video is the first in a series of videos about the benefits of cooperatives to consumers. An accompanying online resource helps consumers locate credit unions in their area. “The credit crisis and subsequent bank bailouts reinforced consumer perceptions that large, for-profit financial institutions are indifferent or even hostile to the interests of their customers,” said Paul Hazen, CEO of NCBA. “Credit unions have stood apart during this crisis. While many banks have faltered due to high-risk, high-reward investment practices, credit unions stuck to their tried and true practice of making responsible loans to their members,” Hazen added. To view the video, use the link.
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