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
ICNNI financial advisor touts CUs as alternatives to banks
WASHINGTON (7/21/08)--CNN’s personal finance editor touted credit unions on her show Friday morning as a good alternative to banks. Gerri Willis, host of “Gerri’s Top Tips” was asked by a man in Florida via e-mail, “Is it possible to find out about credit unions; how safe are they at this time?” Willis replied: “That’s a really great question … Credit unions are a good alternative to banks. They have the same guarantees [as banks]. As long as you have $100,000 or less in an individual account or $250,000 or less in a retirement account, you’re insured. “Plus, credit unions may have slightly better interest rates and rates on CDs, savings accounts and money market accounts,” she added. The Credit Union National Association provided information to assist Willis with her repsonse to the question.
Other Resources

RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
1 day ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
1 day ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
1 day ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
1 day ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
1 day ago