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Corporate Aftermath: Trades Go All Out to Counter 'Bailout' Message

Pulling out all the stops, the credit union trades were in damage control mode all last week to tamp down public worries about credit union safety and soundness and a "credit union bailout,"

By Jim Rubenstein | Updated on October 05, 2010

Pulling out all the stops, the credit union trades were in damage control mode all last week to tamp down public worries about credit union safety and soundness and a “credit union bailout,” which appeared in several headlines after the NCUA took action on corporates.

The negative message initially contained in articles in the national media, principally in The Wall Street Journal and then repeated for a time on blogs and Internet sites, gave CU managers from New York to Texas both heartburn and some worry about a possible panic, generating a public turning against CUs and members pulling deposits.

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