Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
How Wisconsin CUs captured CUNAs Best of Show
PEWAUKEE, Wis. (11/29/07)--Wisconsin credit unions’ work--through their REAL Solutions initiative to meet needs in communities statewide--was the reason they captured Best of Show honors in the Credit Union National Association's (CUNA) Pro Award Competition. Through REAL Solutions, Wisconsin’s credit unions help Wisconsinites build financially strong self-supporting families and communities, said the Wisconsin Credit Union League. For example, Wisconsin credit unions offer:
* Affordable loans--Credit unions make loans whenever possible to meet members’ needs. This is a way to establish or rebuild creditworthiness and help members make it until payday, said the league. * Alternatives to predatory financial services--Credit unions have saved Wisconsin consumers $1 million in fees by offering short-term loans for less than half of what payday lenders charge. Credit unions also offer lower cost alternatives for check-cashing. * Safe, reasonable mortgages--As part of their Home Loan Payment Relief (HLPR) program, credit unions make below-market-rate mortgages available to first-time homebuyers with household incomes at or below the median in their market. * Financial education--Wisconsin credit unions provide free to all Wisconsin public high schools this fall the brass student program, a personal finance initiative that promotes responsible financial management to high school students through a lifestyle money magazine produced for young adult by young adults. * Financial intervention--Credit unions refer their members to state-regulated offices of Consumer Credit Counseling Services for assistance with debt and money management. * Outreach to other cultures and immigrants--Wisconsin credit unions are creating and tailoring services to address the state’s expanding diversity. * Creative partnerships--By partnering with local businesses, non-profits, government agencies and others, credit unions are solving problems locally. Credit unions and Wisconsin counties partnered to help single parents obtain loans for affordable used cars or child care, so they can access or maintain employment, added the league.
Other Resources

RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
6 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
11 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
12 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
12 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
12 hours ago