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CU System
North Carolina league testifies on underserved
GREENSBORO, N.C. (11/24/08)--Dan Schline, North Carolina Credit Union League senior vice president of association services, testified Thursday about North Carolina credit unions’ role in helping underserved North Carolinians. Schline testified before a special study committee of the North Carolina General Assembly. The assembly is looking for new ways to give North Carolina residents stable and affordable access to financial services, according to the league (Weekly Update Nov. 21). “It’s important for legislators to know that many of the programs that they’re exploring are already offered by credit unions,” Schline said. “Hopefully the committee came away with a sense of how credit unions save North Carolina consumers more than $500 million dollars annually, and we are eager to help as many North Carolinians as we can to financial freedom.” Schline noted credit unions’ special programs to help members. Allegacy FCU, Winston Salem, offers the “Totally Free Checking” program, State Employees CU, Raleigh, offers a salary advance loan program, and Marine FCU, Jacksonville, has boot camp program. Schline also told the committee that credit unions provide small loans and member education. The committee also heard testimony from community credit lending institutions and consumer advocates. Eventually it will suggest legislative solutions to help North Carolinians’ access to financial services.
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