...because 2.2 million members in Wisconsin count on credit
The sixth in a series about the value of League
Credit unions serve members in ways that
for-profit institutions won’t extend themselves. Your credit
union’s membership in The Wisconsin Credit Union League really
matters because – as a single united League – all credit
unions can tap a wealth of resources, knowledge, support and advocacy to
grow and extend their outreach. By uniting together, we accomplish more
than any credit union could individually.
And that matters deeply to the 2.2 million
Wisconsin citizens who own credit unions.
"Consumers have discovered that pooling their
funds as part of a financial cooperative – so they can save and
borrow at better rates – really matters," said League President
& CEO Brett Thompson. "Likewise, credit unions leverage their unity
through The League to better serve the millions of Wisconsin citizens
who rely on them for help."
He says the strength of the credit union
movement can be measured in part by the effectiveness of the help we
collectively deliver to Wisconsin citizens. In recent years credit
unions have gone where other financial institutions wouldn’t go to
help families preserve or improve creditworthiness, make ends meet
despite a job loss, prevent foreclosures, obtain affordable college
loans, escape the trap of high-interest charges on payday loans, more
affordably and wisely manage debt, create and improve budgets, and much
"Credit unions - unlike other financial
institutions - collaborate to do more for consumers," Thompson said.
He explained that as a united League, credit
unions have achieved significant attention from the press and
policymakers for their loans that help small businesses start up, expand
or preserve jobs, for their 97 in-school credit union branches that
teach young people to save and the real-world financial lessons
delivered to students taking part in reality fairs.
"We all stand stronger – and members
benefit more – because of the knowledge, programs and outreach
we’ve collaborated to achieve," Thompson said.
"The strength of our movement really is
greater than the sum of its parts. It’s our shared commitment to
doing what’s right for Wisconsin citizens that saved credit union
member-owners more than $200 million last year in the form of better
loan and savings rates, and lower and fewer fees," he added.
Thompson emphasizes that The League’s coordination of the REAL Solutions and Activist programs joins the voices of Wisconsin credit unions
into one that compels lawmakers to protect credit unions so that they
can continue working to improve members’ financial
"It makes an unforgettable
statement when credit union groups attending our state Government Affairs
Conference are so large that they spill
out of lawmakers’ offices into the hallways of the Capitol," he
said. "Our unity demonstrates that credit union members matter, and are
a significant constituency that policymakers need to care about.
Together, we accomplish more than any of us could alone to ensure
members needs are considered."
Thompson urges credit unions to turn out in
force at our state GAC on Jan. 24 to share stories about how credit
unions have helped members through these challenging economic times.
Free and discounted registration deals are available, as well as a pre-conference
workshop Jan. 23 for young
League's homepage links to all of the articles in our series.