Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Washington state CUs getting second look from consumers
ABERDEEN, Wash. (1/6/09)--More consumers in Washington state are rediscovering the credit union difference, John Annaloro, president/CEO of the Washington Credit Union League, told The Daily World (Jan. 2). One-third of Washingtonians bank at credit unions. Between December 2007 and June 2008, roughly 62,000 opened new member accounts. Great Northwest FCU, Aberdeen, experienced an increase in new accounts--likely due to the comfort zone it provides, said Karen Burkhalter, CEO. The credit union’s “personal touch” in service means that it works with members individually, and helps them through a job loss or workplace injury, she told the newspaper. Credit unions don’t make negative headlines, said Marshall Ellison, president of TwinStar CU, Olympia, in the article. They also don’t do subprime loans, added Terry Fultz, CEO, Newrizons FCU, Hoquiam. However, credit unions still make loans and are well-capitalized. Newrizons serves “everyday citizens”--including those that banks “don’t want to help,” Fultz said. Overall, credit unions care about their members, making them feel like an owner, instead of a member, said Joe Robertson, CEO, Our Community FCU, Shelton. Credit unions’ cooperative principles of self-responsibility, self-help, democracy and equality are strong, the Washington league told the newspaper. For the full article, use the link.
Other Resources

RSS print
News Now LiveWire
Even the pest guy is a cybersecurity risk: http://t.co/Tqq4qfOgcq
14 minutes ago
.@SCTelco_FCU among best places to work in S.C. via @TheCCUL http://t.co/PJnjOArfm8
1 hours ago
#IceBucketChallenge in D.C. today: @HampelBill with help from some @CUNA staff http://t.co/3iOqE2KSjd
2 hours ago
P2P mobile payments draw millennials' interest via @BloombergNews http://t.co/uoO2anjCsV
4 hours ago
#creditunion CEO confidence continues upward trend #NewsNow http://t.co/gi1IamDlA8
4 hours ago