Posts Tagged 'CUNA'

Taking our message to Congress

First, thanks to all our members for supporting our Interchange petition drive. We had a lot of members agree with our message in the branches and here on our site, and we appreciate all the support.

Second, we’re taking a broader message to Congress:

[Credit unions are] gathering to advocate for credit union members– to protect them from rising costs, to allow the financial institutions they own build more capital, to help them help the economy recover and grow – and to ensure that their credit unions are around to serve them for a long, long time.

The Hill reports that CUNA’s Governmental Affairs Conference will be a gathering of credit union pros who will take the credit union philosophy – not-for-profit tax status, lower fees, sensible government regulation – to our representatives in Congress.

It should be a heated, active event, especially considering all that’s going on in the financial industry.

What young people think of credit unions: a sample

DeAndre’ Upshaw from Young & Free Texas interviewed students at Baylor University to see if they knew what defines a credit union.

What he found is interesting: young people are looking for security, transparency, and a safe place to put their money. The trouble is, few knew what defines a credit union. The students’ responses aren’t unique – many older members don’t know what makes a credit union a credit union, either. So it’s up to us to help define it for them.

The Credit Union National Association (CUNA) gives a good, short answer, and there are tons of resources out there to help you learn more.

An award-winning credit union

boardcitpat

American 1’s board of directors was on-hand to accept the Jackson Citizen Patriot’sCorporate Citizen of the Year” award last week at a banquet held by the newspaper.

We also learned that our Women’s Expo won a CUNA Diamond Merit award. It seems we’re really good at getting the word out about the expo, and we were recognized for it by a national credit union association.

We couldn’t do any of this without our supportive members, of course, so we really have you to thank.

Credit unions: safe, sound, with federal insurance



Can’t say it any smipler than that. From CUNA’s “Mica Minute.”


How are credit unions doing? Hunky dory, thanks.

Someone wrote into the Washington Post:

Q. What is the impact of the government’s financial rescue plan on credit unions?


A. The impact on credit unions seems quite minimal. These nonprofit cooperatives do not hold many of the investments that are poisoning other financial institutions, so they have weathered the crisis fairly well. Credit unions have kept about 70 percent of their mortgage loans on the books, meaning that they did not sell them off to other institutions, according to the Credit Union National Association. The group said that less than 1 percent of credit union mortgages were in delinquency at the end of the first quarter. Delinquencies on other loans have edged up to 1 percent. “If they’ve got their money in a federally insured credit union, they’re just hunky dory,” CUNA spokesman Patrick Keefe said.

Hear that? Hunky dory!



American 1 Federal Credit Union