"Old Fashioned CUs" (Re)Gaining Popularity, Says NY Daily News
NEW YORK CITY -- New York's "Hometown" paper, the New York Daily News, featured a story on Dec. 3 about SEIU CU member Onika Shepherd, who remembered how well her credit union treated her when she was in college and got a car loan. CUs were all about auto loans, right?
Wrong, found Shepherd, now married with a toddler. The CU member had saved for a down payment and grew frustrated when a mortgage broker offered her a high-interest home loan. "It made my head spin," said Shepherd, 29, who earns $46,000 a year as a membership organizer for Local 1199 of the Service Employees International Union. A colleague suggested she try SEIU's credit union, according to the story by Lore Croghan. Shepherd found a home in South Ozone Park, Queens, "with rose bushes in the front yard and parking spaces in the back."