Member Memories Short After Ecuadorian CUs Thrived in Financial Crisis
MADISON, Wis. -- As the United States faces a banking crisis, modern day credit unions are hoping they will gain market share like their predecessors did in the 1930s. However, the U.S. and world economies have changed quite a bit in nearly 80 years. Are there more recent examples of banking crisis that indicate credit unions will, in fact, gain market share?
Yes, said World Council of Credit Unions Chief Operating Officer Brian Branch. In fact, financial crises like the current U.S. banking crisis are actually quite common around the world.