League leaders continue to work to highlight the credit union difference, especially as consumers may be concerned about their finances after recent large bank collapses. CUNA launched a webpage to support and provide resources for Leagues and credit unions.
Cooperative Credit Union Association President/CEO Ron McLean took to the airwaves to deliver a credit union message of safety and soundness on the Financial Exchange Radio Show.
"You don't walk into a credit union as a customer. You walk in as a member-owner. We exist to help you, your family, your business get to a better place in life, because you are a member-owner," he said.
Minnesota Credit Union Network:
Utah Credit Union Association President/CEO Scott Simpson spoke to Dave and Dujanovic about the differences between credit unions and banks, and to KSL At Night on potential effects in the state of Utah.
"Credit unions are fine. Silicon Valley Bank had something like 5% of its deposits insured, the inverse is true with credit unions," Simpson said. "Our largest credit union has 93% of deposits insured, and the average has more than 90% insured."
Credit Union League of Connecticut President/CEO Bruce Adams appeared on Great Day @ 9a to talk about what the situation means for consumers.
"Here in Connecticut, especially in Connecticut's credit unions, their money is safe and sound," he said.