CUNA helps CUs assist members in tough times

MADISON, Wis. (5/7/08)--Consumers face difficult times in the economy ahead. Credit unions are stepping in to help their members weather the crisis. And the Credit Union National Association (CUNA) is supporting credit unions' efforts--with money management information.
Home and Family Finance Resource Center, one of CUNA's online content services, introduced its Tough Times Series last week. The series will run until the economy turns the corner.

"Credit unions are helping their members, and we're helping credit unions do that," said Jim Hanson, vice president of CUNA's center for personal finance.

"We're making sure that members have access to money management information that can help them gain perspective on today's tough climate," Hanson said. Members will learn "what steps to take to avoid being a casualty in this economy."

He gave examples. New articles such as "How to Handle a Layoff," as well as older ones such as "Steer Clear of Credit Counseling Bad Guys," can point members in the right direction--to the credit union--for help.

At the Home & Family Finance Resource Center, "members at subscribing credit unions can search on the phrase 'Tough Times Series' and bring up several articles and tools that address current challenges," said Michelle M. Haas-Dosher, CUNA senior editor. "We will add new articles in the coming months."

courtesy of cuna.org