November 2008

Amid the financial debris and extraordinary efforts to jump-start today’s economy, there is only one system that is continuing to function normally: credit unions. In fact, credit unions will have a record lending year—total loan originations will probably top the $250 billion that Treasury is pumping into the banking system for unfreezing that industry’s lending ability. Moreover, credit unions are making their funds available right where they are needed—at the window where consumers are seeking credit.