WASHINGTON-CUNA President and CEO Dan Mica recently hit the airwaves to promote credit unions’ work toward financial literacy and the need for more financial education. Mica gave an interview, which was aired Dec. 21, on Shirley Rooker’s “Call for Action” radio show on WTOP in the Washington, D.C.-area. During the 30-minute interview, he discussed the differences between home equity lines of credit and home equity loans, the credit union difference, and CUNA’s work with the National Endowment for Financial Education. Mica explained that HELOCs are attractive because of their lower rates and tax-deductible interest payments, but that they are best used for important items like home improvements or college. He also discussed CUNA’s efforts to spread NEFE’s work into more high schools and to reach more students nationwide. In addition CUNA’s chief executive promoted holiday club accounts offered by many credit unions to help consumers prepare for the holiday season.

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

Copyright © 2022 ALM Global, LLC. All Rights Reserved.