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Credit unions aren't shy about having money to lend. Speed's outfit, the 126,000-member Texas Dow Employees Credit Union (TDECU), has been running TV spots since August and is doubling its ad budget for the fourth quarter. (At times, TDECU has been accused of being too aggressive...

Author: /time Magazine | Title: Bad Times for Banks Means Boom Times for Credit Unions | 10/23/2008 | See Source »

The lending spree is a scene playing out at credit unions across the country, though that's not to say the industry has escaped the financial meltdown completely unscathed. Some 21% of the nation's 8,000 credit unions have lost money in at least one quarter so far this...

Author: /time Magazine | Title: Bad Times for Banks Means Boom Times for Credit Unions | 10/23/2008 | See Source »

Even by the standards of credit unions, which tend to have much lower delinquency rates than banks, those figures are worth bragging about, but Unitus CEO Patricia Smith isn't standing idly by. Three weeks ago, she hired the credit union's first work-out specialist to start pouring through...

Author: /time Magazine | Title: Bad Times for Banks Means Boom Times for Credit Unions | 10/23/2008 | See Source »

Surviving a crash isn't just a matter of everyone holding hands. Strong institutions matter. While banks toppled throughout the region, Hong Kong banks, with their conservative internal controls, came through the crisis virtually unscathed. They've been through crises, panics and bank runs before, and they didn't play...

Author: /time Magazine | Title: Meltdown 101 | 10/23/2008 | See Source »

Economic Hurricane Re your cover stories on the economic crisis: For much of the 20th century, the nationalization of financial institutions and industry was seen in the U.S. as a rejection of economic liberalism and tantamount to an embrace of communism [Oct. 20]. It's hard to ignore the parallels...

Author: /time Magazine | Title: Inbox | 10/23/2008 | See Source »

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