Eaton Family Credit Union News

Money Rocks at My Credit Union was the theme for this year’s national credit union youth week. Last Friday, Lawrence from Eastlake , Ohio , was a “Rockstar For A Day” at Eaton Family Credit Union. Members who deposited at least $100 in Youth Account during credit union youth week were entered in a drawing for rockstar treatment. Mike Losneck, President, Eaton Family Credit Union said, “ Lawrence is a fun kid. I think he and his family had a blast in the limo…what a great way to kick off the summer!” More at EatonFamilyCU.com/Rockstar.php and YouTube.com/EatonFamilyCU

We found an article that sheds light on the structure of the credit union industry and the need to mitigate risk. "Credit unions paying for risky behavior of a few" from MSNBC starts, "Two years after the height of the financial crisis, the American economic landscape still bears resemblance to a war zone: You never know when you're going to step on another land mine. Case in point: The nation's credit unions, many of them tiny outposts in the realm of banking giants...If you are looking for financial villains, you won't find many in that world...But every credit union in the country finds itself paying to clean up a multibillion-dollar created by a handful of failed 'corporate' credit unions..." Click here to read the entire article.