Thursday, July 24, 2008

Safety of Credit Unions

The Credit Union National Association (CUNA) issued a very good press release recently that addresses the overall status of credit unions in these troubled economic times. My earlier blog post discussing our own credit union investments echoes some of the same points in the CUNA press release. The vast majority of credit unions, North Alabama Educators Credit Union included, avoided risky subprime loans and exotic adjustable rate loans because they were not in the best interest of our member-owners who we desire to serve long term.

To review the CUNA press release, CLICK HERE.

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