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In the Media
Sept. 2-8, 2014
This collection of 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 union's 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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FORUM CU's Andy Mattingly appears on Fox 59's "Money Matters."
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Warrick Publishing - 9/4/2014
Ruth Jenkins received the CUERME designation from CUNA.
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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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American Banker- by Bill Hampel 9/5/2014
In this column, CUNA's Bill Hampel says," But a key distinguishing characteristic between credit unions and banks is that the beneficiaries of credit unions are the members that they serve, while the beneficiaries of banks are their shareholders. Because of credit unions' cooperative ownership structure, any excess profits they earn are redirected back to all members in the form of lower loan interest rates and higher savings yields. In fact, funneling profits back to members is exactly what credit unions were formed to do in the first place - and that is why credit unions have the tax exemption."
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YAHOO! FINANCE - by Michele Lerner 9/5/2014
Susan Tiffany, director of personal finance for adults for the Credit Union National Association, says that when you're getting ready to apply for a home loan you should request all three free credit reports from Experian, Equifax and TransUnion. "All three credit bureaus have different reporting patterns and each could have a different error that you might need to fix."
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FORTUNE - by John Kell 9/4/2014
CUNA's Mary Dunn is featured in Accounting Today, the accounting industry's publication of record. The piece focuses on why the new record keeping requirements are not appropriate for credit unions, as well as highlighting past Bill Cheney comments on the superiority of IASB model.
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U.S. News & World Report - by Susan Johnson 9/4/2014
CUNA's Mike Schenk urges auto buyers to shop around and try at least one credit union, especially if they have an existing relationship with one. "Credit unions are member-only financial cooperatives, and they're smaller than other financial institutions," Schenk says. "They tend to be a little more flexible in their underwriting and be more willing to listen to your story. The fact that they're small means that underwriting is being written locally, not by some big corporation three or four five states over."
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Wall Street Journal - by Saabira Chaudhuri 9/3/2014
Credit unions offer consumers a better deal than banks on average across a wide variety of deposit and loan products, but they are particularly competitive on auto loans. The average credit union rates on eight types of auto loans beat the comparable bank figures by an average of two percentage points.
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Accounting Today - by Michael Cohn 9/3/2014
CUNA's Mary Dunn is featured in Accounting Today, the accounting industry's publication of record. The piece focuses on why the new record keeping requirements are not appropriate for credit unions, as well as highlighting past Bill Cheney comments on the superiority of IASB model.
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USA Today - by Anne R. Carey and Paul Trap 9/2/2014
Credit unions winning wallets
On the front page of the Sept. 2 USA Today print edition, a graphic highlighted the credit union 100 million memberships milestone. USA Today also tweeted the graphic to its nearly 100,000 followers, generating many retweets, favorites and replies - helping to spread our message across Twitter.
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Wall Street Journal - by Saabira Chaudhuri 9/2/2014
U.S. credit unions are increasing their lending at the fastest clip in years, a sign that a once-sleepy part of the financial world is becoming more aggressive, reported the WSJ. The growth, the highest on a year-over-year basis since the first quarter of 2006, comes after credit-union memberships topped 100 million in June, according to the Credit Union National Association, a trade group.
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FOX Business - by Dana Dratch 9/2/2014
Michelle Dosher, CUNA's managing editor for the consumer education department, says that some purchases may take several days, or even a week, to clear because not all purchases are deducted from your account the minute you make them.
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Indiana Credit Union League
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Indianapolis, IN 46250 |
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