QUOTES WORTH QUOTING

“Our biggest concern is what’s really driving credit union members not repaying loans isn’t bad faith or negligence on their part; instead, it’s that they’ve lost their jobs, had hours cut back, bonuses eliminated, or commissions severely reduced.”–Henry Wirz, president/CEO SAFE Credit Union

“The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability. The focus of the Committee’s policy is to support the functioning of financial markets and stimulate the economy through open market operations and other measures that are likely to keep the size of the Federal Reserve’s balance sheet at a high level.”–Federal Reserve’s Open Market Committee statement from the minutes of its Jan. 29-30 meeting that were released last week.