Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Suze Orman on Today Deposits with CUs are fine
NEW YORK (10/1/08)--TV Personality and Federal Deposit Insurance Corp. (FDIC) spokesperson Suze Orman has taken note of the Credit Union National Association's (CUNA's) reminder that credit unions have federal insurance backed by the full faith and credit of the U.S. government. During a broadcast about the rescue bailout of the financial industry Monday on CNBC's Today Show, Orman twice noted that credit unions are insured by federal insurance, which is backed by the full faith and credit of the U.S. government. "If funds are insured by FDIC, if your money is in a credit union and it’s insured, if it's in Treasuries, then you're fine," Orman said. She reemphasized later that credit unions are insured by the National Credit Union Administration. Orman also featured an item on her website about credit union insurance after CUNA informed her last week that credit unions have federal insurance just as good as the FDCI. During an appearance last week on The Oprah Winfrey Show," Orman told consumers to make sure their institution was insured by the FDIC but failed to mention NCUA's insurance fund for credit unions, the National Credit Union Share Insurance Fund.
Other Resources

RSS





print
News Now LiveWire
Data security legislation among FTC recommendations #NewsNow http://t.co/2pS3Te1RPS
1 hour ago
.@CUNA has written to @RepBlainePress and @BradSherman to express support for a privacy notice bill expected to be introduced today.
1 hour ago
.@AEAFCU,which operates under conservatorship of @TheNCUA, reports improved financial performance for 2014. Release: http://t.co/AUvBLXtQt0
1 hour ago
5 MI #CUs named @101Best list for 2014 @ConsumersCU @DFCUFinancial @LMCU @michiganfirstcu @msufcu #101BB #NewsNow http://t.co/o680Rtpdsv
1 hour ago
2015 #GAC Crashers represent all 50 states, D.C. #creditunions http://t.co/VqaHltZaD4
2 hours ago