CUNA, joined by state leagues, were in media damage control Monday to keep a lid on any more "credit union bailout" coverage of the type that hit online and in a handful of national outlets over the weekend following the corporate seizures.
Despite the headlines, much of the latest coverage has hit on NCUA's actions that individual CUs are safe and that its actions are invisible to consumers, said a CUNA spokesman noting a second webinar was scheduled mid-morning to brief its leadership on all that has happened and to assure wary CU managers across the U.S.
The spokesman said the big concern is that the bailout headlines will prompt a flood of questions to CUs from members. Late Friday, CUNA sent out its Q&A packets to CUs across the country to prepare for a media onslaught.
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