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In the Media
stories collected between May 8 - 19, 2014
This collection of positive news about credit unions and their activities is assembled from a variety of sources on the Internet and from credit union submissions. Note: links used here are external and the League does not control their expiration dates.
To share news from your Indiana credit union: send story links to Kay Neidlinger. You can also read more about credit unions' community service efforts--and contribute information at the Commitment to Change website.
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Indiana Credit Unions in the Media
Source: Credit union submissions and Internet news reports. Some stories may require passwords for access.
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Huntington County TAB - 5/19/14
The credit union's half-century milestone is the feature of this story. Members of the staff and board were interviewed and photographed for it.
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Readers of The Times have voted "Best Of." Tech CU CPresident/CEO Mike Hussey is quoted for this story. In addition to first-place honors for Tech CU, REGIONAL FCU and Advance Financial FCU also placed.
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The credit union has hired Shelly Meyer as Business Services Sales Manager.
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FORUM CU's Andy Mattingly appears on Fox 59's "Money Matters."
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Elkhart Truth - by Jeff Parrott 5/15/14
Teachers CU is moving its branch inside the Jackson Boulevard Martin's Super Markets store to the corner of Nappanee Street and Mishawaka Road. VP Debbie Goffney is quoted in this story.
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Teachers CU's Catrina Tate appears on this news segment about Lemonade Day, an event which is presented by TCU and other sponsors. (video is 5:11 long)
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Muncie Star Press - by John Carlson 5/13/14
One of the founders of the Ball State Credit Union is featured in this story. Edith Pittenger is the original "Shoebox in Her Desk Lady" who helped start the credit union in 1956.
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Valpo Life - by Caitlin Vanlaningham 5/12/14
REGIONAL FCU's Kevin Kosek comments in this story.
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Fort Wayne News-Sentinel - 5/12/14
Indiana Members CU has hired Asher Agency, Fort Wayne, to develop overall marketing strategy, media placement and creative.
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Buzz Points, a leader in connecting local merchants, community financial institutions and consumers through rewards, today announced that Members Advantage CU, a Michigan City financial institution with three branches in northwestern Indiana, has selected the Buzz Points merchant-funded loyalty program for its 9,000 members.
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National and Wide-Reaching Coverage
Source: Credit Union National Association and other national sources. Some stories may require passwords for access.
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HOUSINGWIRE - by Trey Garrison 5/15/14
Credit Union National Association President and CEO Bill Cheney likewise endorsed the committee's actions. "It's critical that government-sponsored enterprise reform ensures equal and competitive access for credit unions and other small lenders to the housing finance market - and avoids further concentration of the primary and secondary mortgage markets to Wall Street and the largest of lenders. This legislation takes significant steps toward accomplishing both. Our thanks to Chairman Johnson and Ranking Member Crapo for their leadership."
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FOX Business - by Melody Warnick 5/13/14
But when and how to do it? There's no hard and fast rule. Michelle Dosher, a spokeswoman for the Credit Union National Association, signed her eighth-grade son up for a debit card "We saw this as an age that our son would be starting to do more things with friends and that we wouldn't always be with him to pay for things," she says.
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AOL Daily Finance - by Michele Lerner 5/11/14
"It's important to recognize that you're making a high-risk decision, not just doing a good deed if you co-sign a loan," says Susan Tiffany, director, personal finance for adults at the Credit Union National Association. "The idea is that you're helping out your kids or your parents, but it has implications for you, too. You need to consider the fact that if someone needs a co-signer, it's because they've already been denied credit on their own and are considered a high risk." In fact, Tiffany warns, in some states, debt collectors can go after a co-signer before pursuing the primary borrower for a debt.
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FOX Business - by Donna Fuscaldo 5/9/14
"They do make sense for people who have no other alternatives," says Susan Tiffany, director, consumer periodicals at the Credit Union National Association. "What happens over time is people build equity in their home and until recent years, the equity was illiquid. They couldn't tap it without selling the house or getting a home equity loan. A reverse mortgage lets you get at that equity."
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