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Becker gives radio station impromptu education on CUs

ARLINGTON, Va.-While driving in his car, NAFCU President and CEO Fred Becker was listening to `The Charlie Warren Show,' which airs from 9 p.m. to midnight on WMAL AM630. U.S. Public Interest Research Group Consumer Program Director Ed Mierzwinski was discussing banking fees with the show's host. During the discussion,...

By Staff Writer | Updated on September 17, 2002

ARLINGTON, Va.-While driving in his car, NAFCU President and CEO Fred Becker was listening to `The Charlie Warren Show,’ which airs from 9 p.m. to midnight on WMAL AM630. U.S. Public Interest Research Group Consumer Program Director Ed Mierzwinski was discussing banking fees with the show’s host. During the discussion, Mierzwinski inadvertently referred to bank customers as `members,’ which literally stopped Becker in his tracks. He pulled to the side of the road and called on his cell phone into the radio station and got on the air to make the distinctions, which Mierzwinski owned up to. Becker then remained on the air to discuss the well-established safety and soundness record of credit unions, how to join, the governing by voluntary boards of directors, and emphasized that the credit union federal insurance has the backing of the federal government, similar to the Federal Deposit Insurance Corp.

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