The industry's latest corporate crisis wound up again getting national attention Monday night in a segment on Fox Business Network featuring interviews with CUNA President/CEO Bill Cheney and one of the Wall Street Journal writers of "bailout" fame.
The show was hosted by personal finance commentator Gerri Willis and also included panelist Bert Ely, a Washington banking analyst. It focused on how CUs are indeed bearing the cost of the corporate takeovers and how the public can still rely on CUs for financial services.
Asked about CU status, Cheney said, as other industry leaders have since Friday, that no taxpayer dollars are being spent and that CUs are bearing the cost and have already been doing so with no impact on consumers.
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