Berger touts CU programs on Federal News Radio
NAFCU President and CEO B. Dan Berger
Oct. 17, 2013 – NAFCU President and CEO Dan Berger promoted the special programs and services credit unions are offering those affected by the partial government shutdown in an interview on Federal News Radio’s (1500 AM) “Federal Drive Show.”
“We’re known historically for being able to step in” to help in such situations, Berger said. “Our credit union members around the country have established different programs to step in and to help our members through this, for the next 60, 90 days – or however long this takes.”
When host Emily Kopp asked how credit unions can offer more generous programs than commercial banks, Berger explained, “Unlike banks, credit unions are owned by their members. We don’t have shareholders, we’re not stock-owned – it’s one member, one vote. Our mission is not profits, it’s to help our members, and so our mission is a little bit different from banks.
“Banks are solely there to make a profit, they’re solely focused on revenue – credit unions are focused on member service and helping the members.”
Berger touted CULookup.com as an easy way for people who do not yet belong to a credit union to find one they are eligible to join, and said that some new members would be able to take advantage of shutdown assistance programs right away, depending on the credit union.
Federal News Radio interview
NAFCU's Credit Union Government Shutdown Assistance page