Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Iowa league op-ed CUs were prepared for rainy day
DES MOINES, Iowa (8/5/08)--Credit unions will emerge from the economic downturn in “great shape” because they are prepared for a rainy day, Patrick S. Jury, president/CEO of the Iowa Credit Union League, wrote in an op-ed piece for Saturday’s issue of the Des Moines Register. Credit unions have steered away from lending practices that contributed to the mortgage crisis but aren’t immune from economic conditions, he said. “Our members may have problems making payments on credit union loans because of subprime loans they’ve received elsewhere or because of lost jobs or income due to flooding. Building our capital through the years helps ensure that we remain strong institutions into the future,” Jury added. Jury also encouraged readers to save a portion of their money each week. “It will add up over time. Limit your credit and do your best to live within your means,” he said. He also noted that many credit unions offer confidential financial counseling. “Now more than ever, you need to be a financial advocate for yourself to ensure a stable and healthy future, and Iowa credit unions can help,” he said. To read the full article, use the link.
Other Resources

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