Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<p>WASHINGTON-CUNA President and CEO Dan Mica appeared live on Washington D.C.’s CBS affiliate recently to promote credit unions’ online efforts. The appearance underscored a story that ran in a recent Wall Street Journal on credit unions’ e-prowess. Mica took time during the six-minute segment to explain how consumers can reach credit unions online. “Folks can get online right now as they used to deal with the biggest banks in the U.S. and now deal with the smallest credit unions,” Mica said. He listed out many of the possibilities in dealing with a credit union online for a car loan, mortgage, CD, and other financial instruments. “Technology has been a leveler for this not-for-profit approach.” Mica also emphasized the difference between credit unions, as democratically controlled non-profits, and banks. He noted credit unions’ strong track record of trust with their members, 17-years running, according to a Gallup poll. “Let the competition beware,” Anchorman Mike Buchanan declared. “Thanks to new technology and rock-bottom fees, credit unions have made a comeback. They are a competitive force now in online banking.” The broadcast aired May 21 on WUSA-TV Channel 9 for viewers in the suburban Maryland and northern Virginia areas.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.