National expert touts benefits of Maine CUs

WESTBROOK, Maine (8/5/08)--A financial expert who contributes his expertise to CNN, Bloomberg and other media outlets across the country touted Maine credit unions as a "great choice for consumers to receive the best value for savings, loans and other financial transactions" during a recent television program.

During an interview with Portland-based WGME News 13, Gerard Cassidy of RBC Capital Markets, one of the world's largest investment banks, was asked about the state of the nation's financial institutions, said the Maine Credit Union League.

The Portland-based expert responded enthusiastically, said the league, about "credit unions for better rates and lower fees."

Cassidy compared credit unions and other financial institutions, and praised Maine's credit unions for "being focused on the consumer and the local community. People should consider credit unions as better, safer alternatives to all of the uncertainty going on in the financial services market."

League President John Murphy said he appreciated Cassidy's praise of credit unions and the benefits that using a credit union provides to Maine's consumers.

"Credit unions are not only safe and secure but the best value in financial services," Murphy said. "It is wonderful to have the positive advantages that credit unions offer to consumers recognized by a leading and well-respected financial expert not only in Maine but throughout the country."

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