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Washington
In Fox Biz Piece, Cheney Reminds 'There's a CU For Everyone'
WASHINGTON (5/15/13)--"There's a credit union for everyone...You just have to find it," Credit Union National Association President/CEO Bill Cheney said in a new Foxbusiness.com story.

In the story, entitled "Five Types of Credit Unions Worth Joining," Cheney recommended that consumers use CUNA's aSmarterChoice.org to help them find a credit union that fits their needs. The story also ran on Bankrate.com.

American families that chose a credit union over a bank saved around $130 in 2012, according to CUNA estimates. Better loan rates and lower and fewer fees help create these types of benefits for credit union members, Cheney said.

The Foxbusiness.com story said consumers seeking a credit union to join can look into:

  • University-tied credit unions that offer membership to current students, graduates, faculty and area residents. Many of these credit unions feature convenient on-campus branches, and help young members establish their credit;
  • Community development financial institutions that aim to serve low- and moderate-income people and can offer affordable mortgages, tax preparation services, or enhanced savings accounts;
  • Going green with credit unions that offer paperless statements, loan discounts for high-fuel-economy cars, and green workshops;
  • Examining religiously affiliated institutions they could join; and
  • Considering military credit unions, if they are eligible to join.
For the full Foxbusiness.com story and more on aSmarterChoice.org, use the resource links.
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