Nationally known financial columnist Jane Bryant Quinn speaks on the safety and soundness of credit unions. Your hard earned money is safe and secure at BMI FCU. Thank you for being a member/owner. We look forward to helping you safely save for your future.
Archive for March, 2009
Wall Street Journal Credit Union Coverage
Last week the Wall Street Journal published a positive article about how credit unions have won over consumers by offering a win-win combination of generally higher interest rates for savings accounts and lower rates for loans, when compared to most banks. Below is the link to that recent article.
Home Banking Facts
Q. Do you know how many times our members have logged into home banking since we introduced it in 1996?
A. Our members have logged into home banking 10,371,192 times since we introduced it in 1996!
National consumer advocate promotes credit unions!
Nationally known consumer advocate Ralph Nader had some positive comments about credit unions and how they have successfully weathered the banking crisis. Below is an excerpt from that recent article (2/23/09, http://www.counterpunch.org/nader02232009.html).
“There are very contemporary lessons to be learned from the successes of the credit union model such as being responsive to consumer loan needs and down to earth with their portfolios. Yet in all the massive media coverage of the Wall Street barons and their lethal financial escapades, crimes and frauds, little is being written about how the regulation, philosophy and behavior of the credit unions largely escaped this catastrophe.”
