CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » Dakota League's Olson: CUs help members feel secure
CU System

Dakota League's Olson: CUs help members feel secure

June 27, 2022
DCUA1

Credit unions have lots to offer when it comes to helping members feel financially secure, Dakota Credit Union Association Jeff Olson wrote in The Minot Daily News. Olson responds to effects of inflation and other economic factors on communities' financial well-being, and notes credit unions have a long history of helping consumers through hard times. 

"From their founding days in the United States in the early 1900s, credit unions have thrived under the motto 'Not for profit, not for charity, but for service.'" he wrote. "During the recent pandemic, credit unions did so much to help both consumers and small businesses that they became known as 'financial first responders' by many in the trades."

Olson notes CUNA research that shows credit unions provided $12,557,606,745 in direct financial benefits to the nation’s 127,848,853 members in 2021, equivalent to $98 per member or $206 per member household.

In the Dakotas, those savings are even greater: North Dakota’s credit union members save an average of $118 per year, or $249 per household; South Dakota’s members save $144 per year, or $302 per household," Olson wrote. "While that is a good start, credit unions offer so much more."

 

Credit Union Magazine: Spring 2023

Spring 2023

Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.
Digital Edition •  Subscribe

Trending

  • CUNA Mascot Madness: Which mascots deserve a spot in the championship?

  • CUNA Mascot Madness: See the West winner and vote for the South champ

  • CFPB releases section 1071 small business lending final rule

Tweets by CUNA_News

Polls

Mascot Madness: Semifinal 1

Mascot Madness: Semifinal 2

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us