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

Products
CUNA offers articles on CUs as safe harbor
MADISON, Wis. (8/25/11)--The Credit Union National Association’s (CUNA) Copy & Art Express newsletter service is offering credit unions two new free articles--“Your Credit Union: Safe Harbor in Financial Storms” and “U.S. Credit Rating Slips: What (If Anything) Does it Mean to You?”--to remind members that credit unions are strong and stable. “These two articles remind consumers that credit unions are a safe haven for their hard-earned money, even during times of economic uncertainty,” said Vikki Kinsler, manager of the Copy & Art Express newsletter service. While the downgrade in the U.S.’s credit rating has shaken investors, the credit rating drop has actually had a positive short-term impact on bonds, the credit rating article explains. “Major swings in the stock market can be unsettling for consumers, making this a good time to remind them that credit unions insure members’ savings to at least $250,000, Kinsler said. “Federal insurance from the National Credit Union Administration protects members’ money in credit union share savings, share draft/checking, money market, share certificates, trust and retirement accounts.” The “Safe Harbor” newsletter article reminds members that credit unions have a strong capital position. That strong capital base--undivided earnings and reserves--helps credit unions and their member-owners weather uncertain economic times, it explains.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
1 Day ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
15 hours ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
16 hours ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
17 hours ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
17 hours ago