Donovan: CU difference leads 115M Americans to credit unions
Credit union members see $12 billion in savings annually from credit unions, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices Wednesday. In the message, Donovan says this benefit is part of the reason 115 million Americans have chosen credit unions.
“While banks exist to make money for stockholders, credit unions save members $12 billion annually through credit-building support, lower interest on loans and more flexible consideration for financial needs,” Donovan wrote.
He also noted that credit unions from around the country will be making visits to Capitol Hill to talk with policymakers in then coming weeks to discuss credit union priorities, and pointed out that credit union leaders around the country are sharing their stories on social media using the #CUDifference hashtag.