Credit unions have managed through 20 recessions in their 100 years of existence and are flush with opportunities to help them through this one, CUNA Mutual Group Chief Economist Dave Colby recently told industry leaders.
Speaking at the Mountain Regional Credit Union roundtable today, Colby told the 100 attendees that a down economy should be uses as an opportunity, not an excuse.
"Use uncertainty as an advantage. Many consumers have been hurt during the recession and are looking for someone local, who they can trust. Credit unions' key differentiators over at least the next couple of years will be trust and community."
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