e-Weekly

• Rhode Island Joins Nationwide Credit Union “Invest in America” Partnership with GM and Chrysler LLC
  "Invest in America" credit union loan partnership spearheaded by the Michigan Credit Union League has been expanded from the pilot states to all 50. This gives 90 million credit union members across the country access to GM’s “Credit Union Member Discount Program” and Chrysler’s “Credit Union Member Cash” discounts as well as access to affordable financing on new vehicle purchases.
  
  
  
• Chairman Frank Wants Credit Unions to Have Relief Source
  House Financial Services Committee Chairman Barney Frank (D-Mass.) recently wrote to the head of the Federal Reserve Board to relay his concern that the U.S. Treasury Department's decision not to use its relief funds to buy troubled assets may particularly hurt credit unions.
  
  
  
• REAL Solutions™ Reaches 30 States
  A year ahead of schedule, REAL Solutions™--the signature program of the National Credit Union Foundation (NCUF)--is reaching credit unions in 30 states. The Credit Union Association of Rhode Island was an early adopter of this powerful and innovative program.
  
  
  
• Loans Outpace Savings, Despite Recession
  Credit unions' loan growth for November outpaced their savings growth, an anomaly given the recession, according to a Credit Union National Association (CUNA) economist interpreting CUNA's Monthly Credit Union Estimates. Loans for the month grew 7.5% over November 2007, while savings grew 6.7% during the same period.
  
  
  

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