News Now
CU difference topic of Connecticut radio show
MERIDEN, Conn. (7/1/09)--An hour-long program on WDRC-AM, Connecticut's leading talk radio station, recently highlighted the credit union difference and updated listeners on the state of the financial services industry.
Tony Emerson, president/CEO of the Credit Union League of Connecticut, and Howard Pitkin, Connecticut commissioner of banking, answered questions from callers and provided an overview of key issues.
Emerson focused on credit unions' cooperative origins, the types of charters that provide membership accessibility and the benefits enabled by credit unions' not-for-profit nature.
Pitkin responded to a caller's question by stating that credit unions can be considered generally healthier than banks. Other callers asked about the availability of student loans, whether joining a credit union carried any costs, whether credit unions offer business loans and mortgage refinancing.
Host Phil Mikan ended the broadcast by sharing a caller's story about how credit union employees redirected members from a branch that was closed after a tornado wiped out electrical power, to a nearby branch so they could make their transactions.
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