Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUs difference explained in Long Island paper
LONG ISLAND, N.Y. (4/08/08)--Credit unions compare well with other financial institutions, according to a Friday article in the Long Island Business News. A credit union’s main objective is to return value to its members, as opposed to for-profit companies that seek to primarily create value and income for shareholders, Kirk Kordelseski, CEO of Bethpage, (N.Y.) FCU, told the newspaper. Credit unions also offer business loans and other financial services to businesses, the article said. Many of Bethpage FCU’s business clients are members who started small businesses, such as plumbing or landscaping business, Kordeleski said. Bethpage FCU’s business loans are usually less than $100,000, he added. Credit unions offer a variety of services to employees of all sizes of businesses, Kordeleski said. Employees who start out using credit unions for checking accounts and auto loans often expand their relationship with credit unions to include mortgages, home equity loans and retirement plans, he added.
Other Resources

RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
1 Day ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
1 Day ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
1 Day ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
1 Day ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
1 Day ago