On-Site Coverage: Becker Optimistic About Health of CU Industry
ARLINGTON, Va. -- Despite an uncertain economy, aggressive regulators and a myriad of other challenges, there is a great deal for credit unions to be happy about, NAFCU President Fred Becker said at last night’s meeting of the Metropolitan Area Credit Union Management Association.
“Delinquencies, charge-offs and bankruptcies are, by and large, headed down. And, they are much less at credit unions than at banks,’’ he said. Becker also said that Bank Transfer Day, which came about after Bank of America proposed a $5 monthly fee for using its debit card, would be the first of many opportunities for credit unions to promote themselves.