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Improving Your Financial Life

Blog > 2009 > July > Are Credit Unions Superheroes?
July 28, 2009

Are Credit Unions Superheroes?

by admin

This was the question posed by Nancy Folbre, an economics professor at the University of Massachusetts Amherst, on a blog on The New York Times website.

She writes, "In the wake of the financial crisis, (credit unions) began to look more like Clark Kent, who turned out to be Superman. When the big American banks started sucking up to funds from the Troubled Asset Relief Program, or TARP, credit unions, with many fewer subprime mortgages on their balance sheets, started looking really good."

Our Indianapolis credit union has fared well during this financial crisis. We now have over 40,000 members - our highest member total in years. We were recently named the 2009 Federal Credit Union of the Year by the National Association of Federal Credit Unions.

It's time you found your knight in shining armor or your caped crusader. It's time to join an Indianapolis credit union you can trust with your banking.

Your savings federaly insured to at least $250,000 and backed by the full faith and credit of the United States Government: NCUA, Equal Housing Lender, ESI