Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
North Carolina paper As banks fail CUs deserve a look
CHARLOTTE, N.C. (9/30/08)--With the failure of many banks due to the ongoing U.S. fiscal crisis, credit unions are getting a good look from consumers as a viable alternative, according to a North Carolina newspaper. Coastal FCU, Raleigh, has seen strong growth in 2008, adding 13,600 members so far this year--an 8.5% increase, said Joe Mecca, Coastal spokesman (The News & Observer Sept. 28). The credit union also has seen a nearly 60% increase in new checking accounts and a 20% uptick in loans, Mecca told the publication. All this growth has been organic--Coastal has not constructed any new branches, he said. Consumers are beginning to become aware that credit unions are no longer just small financial institutions with few branches and ATMs, Mecca added. For example, Coastal is part of a national ATM network of credit unions with more than 50,000 machines nationwide, he said.
Other Resources

RSS





print
News Now LiveWire
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
16 minutes ago
Data breach fatigue? No wonder: 45% of Americans said they had received breach notification from retailer/card-issuer http://t.co/gRIuZanUNQ
2 hours ago
Season's greetings from playlists to cookies #NewsNow http://t.co/5gu8nrCoyL
2 hours ago
Panelists decrypt payment trends for #creditunion leaders http://t.co/rXvI63w1sU
2 hours ago
tax status preservation, reg relief among @CUNA successes in 113th Congress #NewsNow http://t.co/fWhzXoT5kK
2 hours ago