WASHINGTON – CUNA CEO Bill Cheney is appearing in a new video on the trade group’s website aimed at speaking to CU members who may be worried about their safety of their deposits following a Wall Street Journal story that was headlined, “Credit Unions Bailed Out.”
In the video, Cheney, who is shown holding the newspaper, urges CU members to take time to read the entire story, noting the words “Bail Out” do not appear in the report. Cheney stresses that credit unions are not being “bailed out,” and are bearing the cost of the corporate crisis themselves. He further reassures consumers their credit unions are not affected and their money is safe.
CUNA is making the video available to leagues, as well.
