Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
.@BelvoirFederal revamped the checking acct. it offers to active duty military members and achieved 23% growth on the product in 1 mo.
7 hours ago
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
11 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
12 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
13 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
7 25 ago