March 12, 2013 – NAFCU’s communications team continues to draw attention to the association and credit unions via national and industry media coverage, including recent articles in The Washington Post
and Credit Union Times
The Washington Post
NAFCU President and CEO Fred Becker and Chief Economist David Carrier are quoted in a March 10 Washington Post article that highlights recent credit union growth data. The article, “Area credit unions continue to gain popularity as the economy recovers,” notes that credit unions in the Mid-Atlantic region have continued to see an influx of new members and deposits since Bank Transfer Day in November 2011.
Becker credits the continuing trend to the fact that credit unions are “overcoming” the false perception that they are less convenient than large banks. Carrier points out that member and loan growth at Mid-Atlantic credit unions in 2012 outpaced increases in other parts of the country.
Credit Union Times
Becker was also quoted in a March 8 Credit Union Times article, “GSE Reform Advances,” which looks at the Federal Housing Finance Agency’s plans to restructure the secondary mortgage market via a single new entity. NAFCU has been pressing the FHFA, and FHFA Acting Director Edward DeMarco specifically, for at least two new entities to serve that function, along with a continuation of the government guarantee.
Meanwhile, the March 11 Credit Union Times highlights Quantivate Vendor Management, NAFCU Services Corporation’s newest Preferred Partner. The company, which offers a suite of services, including business continuity management, risk management, information security, and vendor management, comes to the NAFCU Services Preferred Partner roster as vendor and contract management is “becoming a critical business process,” says NAFCU Services Corp. President David Frankil.
The article notes that NAFCU Services partnered with Quantivate Vendor Management after the NAFCU Services Advisory Committee saw that Quantivate’s cloud-based platform offered advantages for credit unions of all sizes. Quantivate was also featured recently in CU Insight.