10News.com in San Diego did a story about credit unions offering an alternative to high-interest payday loans. "Many community credit unions are doing it, and some big credit unions are doing it," Lily Lo of Northeast Community FCU was quoted as saying.
Bank Net 360 ran a story about the Illinois state treasury office pledging $1.7 million in the form of 12-month loans of $100,000, at 3.5% interest, to credit unions serving designated low-income communities.
WRAL.com in Raleigh, N.C. did a brief on how CUs offer "some of the best deals around on car loans, home-equity loans and others, and it's become easier to avail yourself of these great opportunities than it used to be."
IT Business Edge.com ran a story about NCUA's consideration of imposing Sarbane-Oxley-like auditing regulations on credit unions. The article questioned such a move, given that the SEC is in the process of softening the rules on for-profits. And they note, the problems that gave rise to the law (Enron, Worldcom, Adelphia, etc., scandals) don't exist in the CU world.
