CUNA News Now: N.C. league to help CUs collect community service data

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GREENSBORO, N.C. (11/14/05)--The North Carolina Credit Union League (NCCUL) already has begun to consider how best to work with the state's credit unions to collect data that will better quantify credit union service to the community.

According to John Radebaugh, president of NCCUL, "Credit unions' service to those of modest means was a significant focus" of the hearing held Nov. 3 by the House Ways and Means Committee on the credit union tax exemption (Weekly Update Nov.11). At the hearing, critics pointed to expanding fields of membership and questioned credit union service to individuals of modest means.

"We don't have anything to apologize for," he said. "The University of North Carolina study that we commissioned earlier this year is proof positive that credit unions in North Carolina are providing significant financial benefit to consumers" in the state.

As for serving people of modest means, "we do a good job in this area, but need to continue to do more and need to do a much better job documenting and communicating credit union service to the underserved," he said.

"What we need to take away from (the)...hearing is that we have to continue telling our story as credit unions, specifically we have to address some of the substantive issues raised during the hearing," Radebaugh said.

He expressed confidence that credit unions will accept the challenges. "Congress knows we are good stewards of the tax exemption they granted credit unions 70 years ago. We will provide them with specific information to further justify their faith in the movement."



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	News Now LiveWire Most CUs will provide wage increases for at least some of their employees, according to CUNA's just-released Small CU Staff Salary Survey. 9 hours ago St. L Post Dispatch on GAO report:Consumers may not benefit from altering Interchange system;would cut card competition. http://ow.ly/ETyX 10 hours ago CUNA's Hampel: Consumer holiday spending will be up slightly from last year. See Tues NN. 14 hours ago NCCUL and WOCCU met with Romanian CUs this week. The CUs are experiencing growth and want to increase their public relations efforts. 3 days ago Kent Buckham has been named by NCUA as director of the newly created Office of Consumer Protection. The 7-person dept. launches in Jan. 4 days ago Sign up; more tweets... N.C. league to help CUs collect community service data GREENSBORO, N.C. (11/14/05)--The North Carolina Credit Union League (NCCUL) already has begun to consider how best to work with the state's credit unions to collect data that will better quantify credit union service to the community. According to John Radebaugh, president of NCCUL, "Credit unions' service to those of modest means was a significant focus" of the hearing held Nov. 3 by the House Ways and Means Committee on the credit union tax exemption (Weekly Update Nov.11). At the hearing, critics pointed to expanding fields of membership and questioned credit union service to individuals of modest means. "We don't have anything to apologize for," he said. "The University of North Carolina study that we commissioned earlier this year is proof positive that credit unions in North Carolina are providing significant financial benefit to consumers" in the state. As for serving people of modest means, "we do a good job in this area, but need to continue to do more and need to do a much better job documenting and communicating credit union service to the underserved," he said. "What we need to take away from (the)...hearing is that we have to continue telling our story as credit unions, specifically we have to address some of the substantive issues raised during the hearing," Radebaugh said. He expressed confidence that credit unions will accept the challenges. "Congress knows we are good stewards of the tax exemption they granted credit unions 70 years ago. We will provide them with specific information to further justify their faith in the movement." Related stories: 2005 Hearing on CU Taxation More CU/System
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