Press
CUNA Article Positions Credit Unions as a Safe Harbor for Nervous Investors
Contacts:
Mark Wolff – CUNA Communications; (202) 508-6764; mwolff@cuna.coop
Amy Nigrelli – CUNA Marketing; (608) 231-4246; anigrelli@cuna.coop
MADISON, Wis. (August 24, 2011) – CUNA’s Copy & Art Express newsletter service is offering credit unions two new free articles—“Your Credit Union: Safe Harbor in Financial Storms” and “U.S. Credit Rating Slips: What (If Anything) Does it Mean to You?”—to remind members that credit unions are strong and stable.
“These two articles remind consumers that credit unions are a safe haven for their hard-earned money, even during times of economic uncertainty,” explained Vikki Kinsler, manager of the Copy & Art Express newsletter service.
While the downgrade in the U.S.’s credit rating has shaken investors, the credit rating drop has actually had a positive short term impact on bonds, the “Credit Rating Slip” article explains.
“Major swings in the stock market can be unsettling for consumers, making this a good time to remind them that credit unions insure members’ savings to at least $250,000, says Kinsler. “Federal insurance from the National Credit Union Administration protects members’ money in credit union share savings, share draft/checking, money market, share certificates, trust, and retirement accounts.”
The “Safe Harbor” newsletter article reminds members that credit unions have a strong capital position. That strong capital base—undivided earnings and reserves—helps credit unions and their member-owners weather uncertain economic times.
With the economic outlook uncertain, it’s good to remind members that credit unions are safe and secure.
To access these articles and other resources from Copy & Art Express, visit http://www.cuna.org/finlit/copy_art_express.html and click on “Preview Copy & Art Express.”
Resources:
Copy & Art ExpressTM is your source for credit union-specific personal finance articles, ads and graphics, as well as more than 250,000 royalty-free stock photos from PhotosToGo. Visit http://www.cuna.org/finlit/copy_art_express.html to learn more.
# # #
About CUNA:
With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves 90 percent of America’s 7,400 state and federally chartered credit unions, which are owned by nearly 92 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit www.cuna.org. For more information about credit unions, visit www.aSmarterChoice.org.