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Americans are navigating the stormiest period since 2007 to 2009, living their lives under seemingly unending waves of challenging economic forces. After consumers spent two years dealing with losing jobs to pandemic lockdowns and rising home and grocery prices, they now grapple with continuing inflation, higher interest rates and a recession that is already motivating employers to slow hiring.

Credit union members have an advantage in these stormy times. As organizations whose charters align them to members rather than shareholders, credit unions have an outsized opportunity and ability to help smaller communities weather the recession. Let’s look at the ways doing business with credit unions can help to solve financial problems in harrowing economic times.

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