ABC’s “Good Morning America” show featured a New Jersey credit union that helped a local couple with debt troubles save tens of thousands of dollars by refinancing their auto and mortgage loans, and consolidating their credit card debt.
The segment, hosted by Good Morning America consumer reporter Elisabeth Leamy, is part of her series on helping consumers “save big.”
The program featured the staff and on-location shots at McGraw Hill Federal Credit Union, East Windsor, N.J. It speaks highly of credit unions’ “unsung heroes,” noting the attractive rates and how they take a member’s entire situation into account, not just the credit score.
In addition to McGraw Hill Federal, both CUNA and the New Jersey League worked with Leamy to develop this piece. With Good Morning America’s viewing audience of about 4.5 million people, this segment certainly helps raise the profile of credit unions in a positive way.
A U.S. District judge Monday dismissed three lawsuits--including one by the National Credit Union Administration--brought against U.S. Bank National Association and Bank of America, National Association regarding their duties as trustees of residential mortgage-backed securities.