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
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
1 Day ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 Day ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
1 Day ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
1 Day ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
1 Day ago