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
IMSN.MoneyI spotlights CUs unbanked programs
NEW YORK (7/8/10)--Credit unions are a good option for unbanked consumers, according to MSN.Money. In an article titled, “Think a bank won’t take you? What Now,” author Donna Freedman said that “some … credit unions are willing to work with people who have less-than-spotless financial histories.” The article mentions San Francisco-based Mission SF FCU member Mark Laws, who received a “payday alternative” loan from the credit union four years ago to clear up money problems he encountered after taking out payday loans elsewhere to cover overdrafts he incurred at Bank of America. Today, Laws has learned how to better manage his money and has improved his credit. “My credit union showed me there’s hope,” he told MSN.Money. In regard to helping consumers with troubled finances, credit unions are likely to be more flexible than banks, Mike Schenk, senior economist with the Credit Union National Association, told MSN.Money. The article directed readers to CUNA’s credit union locator. It also mentioned a woman who saw an ad on a bus for “Bank on Seattle-King County,” a program that helped get her into a credit union. To read the article, use the link.
Other Resources

RSS





print
News Now LiveWire
#Economy gains 295,000 jobs in Feb. http://t.co/bD1MRWewGi
39 minutes ago
#NewsNow N.C. CU members save more than $3.8M through Save to Win http://t.co/X0kelvO5L6
42 minutes ago
#NewHampshire CUs briefed on IOLTAs http://t.co/HPnAkzLrTp
1 hour ago
App puts #CUNAGAC in palms of attendees' hands #NewsNow http://t.co/piabPHIGb5
18 hours ago
App puts #cunagac in palms of #creditunion attendees' hands http://t.co/2XZC3LWw6Z
19 hours ago