Its one thing if credit unions offer low-cost financial products and exceptional service, but its quite another if they teach members how to use their products responsibly.

The NCUA said Friday night it has assumed conservatorship of Telesis Community Credit Union in California and liquidated Saguache County Credit Union in Moffat, Colo.

The $5 million Armstrong Preferred Members FCU in Bourbonnais, Ill., is now running on the Sharetec core processing system from Bradford-Scott Data Corp. in Indianapolis.

In this preview of a GAC article from next week's print edition, CUNA's Bill Cheney, NCUA Board Chair Debbie Matz and others hold forth.