Credit unions promote the economic well being of their members, especially those of modest means, through a system that is member-owned, volunteer-directed and not-for-profit.
The credit union mission has always been to ensure secure financial choices at lower costs for their members. That’s why credit unions offer financial products that provide better returns on savings, reduced rates on loans and lower or no fees on services.
While credit unions are regulated by the federal and state governments, they are also governed by volunteer boards elected by their membership. Credit unions don’t answer to stockholders, but to each of their 96 million members.
Credit unions invest in people by helping those who have been traditionally underserved by banks. Groups like seniors on fixed incomes, single working moms, minority communities needing greater community investment, and small business owners struggling to raise capital all rely on credit unions for important financial services at reasonable costs.
While the big banks have abandoned small businesses in droves because they just can’t make enough money, credit unions promote their small business members in a struggling economy by providing low cost credit alternatives. This credit union investment means millions of jobs across America.
Unfortunately, the big banks and some in Congress want to raise taxes and impose new fees on 96 million credit union members who represent 40% of all Americans, yet represent only 6% of the assets in financial institutions. And, they want to do this despite the fact that credit unions are not-for-profit and meeting their core mission every day.
That’s wrong and will imperil the credit union movement that so many have come to depend on for real financial choice.
Don’t let Congress raise taxes on 96 million credit union members. Don’t let Congress eliminate real financial choice. Don’t let Congress destroy our credit unions.
To learn even more about credit unions in your community, or join a credit union please visit http://www.asmarterchoice.org/.
A continuing industry hot topic, person-to-person (P2P) payments in actually is still a relatively new service for many New England financial institutions (FIs), at least from a formal service perspective. This session will define P2P payments, as well as account-to-account transfers, present what’s taking place in the landscape; and highlight some risk considerations to consider.
Annual Holiday Meeting! POSTPONED DUE TO WEATHER- NEW DATE AND TIME!
Please let us know if you can make it to the event tomorrow by emailing Barbara Thorpe, email@example.com with your meal plan and confirmation of the new date and time! Thanks
Please bring samples of your marketing efforts to the Marketing Network meeting scheduled for 9:00 on Thursday, December 12h.
Please register with Susan O’Loughlin at firstname.lastname@example.org if you plan on attending.
The Credit Union League of CT is partnering with the Cooperative Trust and Credit Union National Association (CUNA) to make the 2014 “Crash the GAC” event bigger and better than ever.
For this year’s Government Affairs Conference (GAC) in Washington D.C., Feb 23‐27, CUNA and the Cooperative Trust are looking to send one young professional from each state and the District of Columbia to Crash the event. In addition to the core schedule of GAC events, crashers will take part in exclusive sessions that will provide a greater focus on credit union advocacy and activities that can help to grow and promote credit unions on the state and federal level.
Each crasher will receive a full conference registration, courtesy of CUNA, and a Cooperative Trust membership. Travel, hotel and food costs are the responsibility of the crasher and their credit union but the CT League will be providing up to $2000 for travel and hotel costs.