The senator appears to have missed the point of credit unions - to collect money from their members to fund loans to other members, not to lock it away in government bonds. The fact that the banks are unable to provide funding for small businesses and individuals makes the credit unions' role even more important at the present time.
Seamus O
Posted on 27 Jun 2009 9:08 pm
The senator appears to have missed the point of credit unions - to collect money from their members to fund loans to other members, not to lock it away in government bonds. The fact that the banks are unable to provide funding for small businesses and individuals makes the credit unions' role even more important at the present time.