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As if credit unions need another reminder…

By Jeffry Pilcher

Published on October 9th, 2008 in Leadership & Management

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Need more proof that existing market conditions are creating an optimal environment for credit unions to flourish? Here it is.

“As banks struggle, credit unions get rush of new customers.”

— The News Tribune

“Credit unions make sense now more than ever.”

— Wall Street Journal MarketWatch

“Consumers are now thinking seriously about switching
their cash from banks to credit unions
.”

— Northwest Cable News

“Wachovia customers use their feet, head for credit unions.”

— Wall Street Journal MarketWatch

“We’ve run out of switch kits.”

— TAPCO Credit Union, in the News Tribune

“Credit unions have a chance to attract new members to savings accounts right now.”

— Seattle Times

“There is going to be tremendous loan demand. You’re going to have to tweak your strategies, and let more members know you’re there.”

— Dave Colby, CUNA Mutual’s Chief Economist in the Seattle Times

“Despite national downturn, local credit unions are thriving.”

— Wisconsin State Journal

“Credit unions are attracting new deposits.”

— Santa Cruz Sentinel

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