WASHINGTON (10/21/08)--WTOP Radio in Washington, D.C., spotlighted credit unions on its Answer Desk segment last week.
Credit unions "didn't go knee-deep into the hoopla" that is the mortgage mess, WTOP said. "It might be worth checking them out."
Credit unions also don't have to answer to shareholders or Wall Street critics. They are privately held organizations run "by the little people [as opposed to big banks]," WTOP said.
ABC News also noted credit unions' safety in a question-and-answer story on its website. "If the credit union offers higher interest rates, or is closer to your home or work, then by all means choose it," the news outlet said.
courtesy of cuna.org