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BEAVERTON, Ore. – An online resource aimed at providing the news media with quick answers to questions about credit unions – including “popular myths about credit union taxation” – has been added to the Credit Union Association of Oregon’s (CUAO) Web site. The “For the Media” section was added July 8 to the Web site at http://www.cuao.org/ Communications/media.aspx. “We felt it was very important with everything that’s going on in Oregon right now, with the issues that we’re facing, that we have something up there as a resource,” a CUAO spokesperson said. “We felt it was very important that we have something on our site that at least answered some of their basic questions.” In addition to discussing the taxation issue, the section includes information about the difference between credit unions and banks, the history of the credit union movement and basic background information about credit unions. It also includes frequently asked questions about CUAO. The section was designed as a “starting point” for the news media when they have questions about credit unions, the spokesperson said. “At least this would be a starting point for them to get some basic background information, history, and understand some of the myths that are out there about taxation questions,” the spokesperson said. Because the taxation question is one often fielded by the association, it made sense to provide an easy-to-find explanation online, she said. “There’s sometimes a lack of a basic understanding,” she said. “It’s just an education and awareness thing that we need to do with everybody, but the media especially so that they can get the word out and be accurate about it . . . so the basic information is (now) out there and those basic questions can be answered right away and addressed right away.” The CUAO relaunched a redesigned Web site in March but did not have the media section ready to go at that time. Further enhancements and updates are planned. “The hope is that the entire Web site will be a resource,” the spokesperson said. “We want to always be adding to it and making sure the most current information is up there for people, be that our members or the general public or the media.” The CUAO serves more than 100 credit unions throughout Oregon. -

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