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Southern New Hampshire University included credit unions in a series of Webinars on the economic downturn to find out how the financial institutions are managing to fare during the current banking crisis. The sessions, titled “Cooperatives in Troubled Times,” included a Webinar on how credit unions are helping members manage the economic downturn and build savings. The session also featured strategies on working with low-income residents to gain access to banking services. Southern New Hampshire University’s Center for Cooperatives and Community Economic Development said the Webinars were organized around a cooperative model and how they have fared during a time when for-profit companies have been stricken with capital, liquidity and credit quality issues. The Oct. 14 panel included Ronald Covey, president/CEO of St. Mary’s Bank, Clifford Rosenthal, president/CEO of the National Federation of Community Development Credit Unions. and Daniel Egan, president of the Massachusetts, New Hampshire and Rhode Island Credit Union Leagues.

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Peter Westerman

Credit Union Times

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