Like CUNA, NAFCU was wasting no time this week to counter the negative "credit union bailout" spin on some national media outlets, blogs and in social media.
For one thing, the Washington trade group said it has written a letter to the editor of the Wall Street Journal seeking to correct the "bailout" headline from its weekend coverage of the corporate takeovers.
"The headline was a glaring mischaracterization and demonstrated a basic lack of understanding of the credit union industry," NAFCU said. "Actions undertaken by NCUA, while regrettable, did not involve federal taxpayer funds."
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