NCUA Vice Chairman Rodney Hood on Credit Union Strength in These Turbulent Times

National Credit Union Administration Vice Chairman Rodney Hood spoke to 75 people at the NW Chapter of Credit Unions meeting in Winston-Salem today. Hood praised the credit unions for their smart lending decisions in the past, and encouraged them to keep doing great things for their member-owners now that economy is threatened by the financial [...]

Credit Unions Tout Their Strengths with NC Media

A quick note before dashing to hear NCUA Vice Chairman Rodney Hood address the NW Chapter of Credit Unions at a luncheon in Winston-Salem — two more credit unions touted the strength of the credit union system in the past couple of days.
Summit Credit Union in Greensboro spelled out the differences between credit unions and [...]

Keep Touting Credit Unions in the Credit Crisis – And Do It on Your Web Sites!

Ah, the wonders of technology. As I write this at 3:00 pm on Friday, I know that 10 people have landed on this site since early this morning by doing a web search using terms such as ”credit unions in credit crisis,” “credit unions safe and sound” and “credit unions and the credit crisis.” These kinds of search terms [...]

With Consumers Pulling Back, Is Saving Going to be Sexy Again?

Consumer spending appears to be slowing down as prices for many necessities head up, and unemployment continues to rise (in fact, the jobless rate is up more than two percent in NC over the past year, and stands at 6.9% as of August). We all know that consumers tend to pull back in times like [...]

Crisis in the Markets: Why ‘Safe & Sound’ Is No Longer Good Enough

Back in July, the League, many credit unions and credit union organizations put the word out to the media and members that member accounts were safe and sound under the NCUSIF umbrella. At the time, the markets had tumbled and folks were nervous.
Looking back, it seems like those were the good old days.
The credit markets [...]

Short Takes and Atta-folks for a Thursday!

A busy week in CU Communicator-land, but that’s mainly because so many great things are happening, thanks to the generosity and commitment of some very special credit union folks! So let’s dive right in and offer tips of the cap to credit unions in NC and elsewhere that are really deserving of some propers …

American [...]