WASHINGTON-A group of key credit union associations are teaming up on advertising in Washington, D.C. newspapers to counter the bankers' recent efforts to tarnish the credit union image. CUNA, NAFCU, CUNA Mutual Group, U.S. Central, and the state credit union leagues are working together on an advertising campaign in an attempt to undermine bank efforts to get credit unions taxed. In recent months, the banking trade associations-the American Bankers Association, America's Community Bankers, and the Independent Community Bankers of America-have launched a full-throttle, frontal attack on credit unions' tax-exempt status, including newspaper ads and anti-credit union programs. The credit union groups have rolled out an advertisement of their own in highly-read publications on and around Capitol Hill, including Roll Call, The Hill, National Journal, and Congressional Quarterly. Another ad will be coming shortly, but nobody is sharing any details like the design of the next ad – though it will be harder hitting – the length of time the campaign will continue, or the cost. "We thought a combined credit union response made more sense..We wanted to show a unified front," CUNA Vice President of Communications and Media Outreach Pat Keefe said. The credit union groups worked together and with some outside input into what the advertisements should express. NAFCU Vice President of Communications Jay Morris explained the organizations had to decide "what message would resonate well on the Hill.but a message that would play well with consumers, too." Through the advertisements, he said, NAFCU, CUNA, CUNA Mutual Group, U.S. Central, and the state leagues are "trying to create an identity for credit unions" and discuss their strengths.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.