CUs are first in NCBA video series on co-op benefits
MADISON, Wis. (2/13/09)--A video has been created to educate the media and general public about the value of credit unions, how they work and why they are different from banks.
The eight-minute informational video, produced by the National Cooperative Business Association (NCBA) and Cabot Creamery Cooperative--a co-sponsor of Home & Family Finance Radio--features interviews with credit unions members, employees and industry executives. The credit union video is the first in a series of videos about the benefits of cooperatives to consumers.
An accompanying online resource helps consumers locate credit unions in their area.
"The credit crisis and subsequent bank bailouts reinforced consumer perceptions that large, for-profit financial institutions are indifferent or even hostile to the interests of their customers," said Paul Hazen, CEO of NCBA.
"Credit unions have stood apart during this crisis. While many banks have faltered due to high-risk, high-reward investment practices, credit unions stuck to their tried and true practice of making responsible loans to their members," Hazen added.
To view the video, use the link.
More CU/System
News Now LiveWire
- John Bell, an employee of NC Community FCU, has announced his candidacy for the NC House of Representatives. - 2 days ago
- The Pennsylvania Credit Union Foundation announced Friday it has--since its inception--topped the $2 million milestone for awarding grants. - 2 days ago
- CFPB recommends 5 ways taxpayers can keep more of their tax refunds: http://t.co/wUxK7CLd - 2 days ago
- CUNA CEO Bill Cheney promoted consumer access to CUs during an appearance on the Willis Report on Fox Business News Wednesday. - 3 days ago
- NCUA will consider a merger request, and supervisory activities, at its Feb. 16 closed bd mtng. NCUA will not hold an open mtng this month - 3 days ago
- See all our Tweets and sign up; News Now LiveWire on Twitter
