Tips for Helping Members Through the Current Economic Crisis

December 16, 2008

Credit Unions are feeling the pinch today, and all reports seem to indicate that the economic situation is not getting better anytime soon.  Credit unions have always served to provide sound financial advice and counsel to their members, which may prove challenging in times like these.  This podcast features valuable tips from financial experts Denis Walsh, President and CEO, and Michael Thompson, National Director of Sales, for Money Concepts.  In this podcast you will hear about how to best help your members as they struggle with situations such as declining 401(k)s and stock portfolios on life support.

Money Concepts has offered financial planning and wealth management services since 1979, and is the NAFCU Services Corporation preferred partner for financial planning and wealth management, working with credit unions across the  country to offer turn-key services to their members. Denis and Michael both have over 25 years of experience in the financial planning industry and hold multiple financial certifications.

Contact: Mr. Denis Walsh, Denis@moneyconcepts.com; Mr. Michael Thompson, Michaelt@moneyconcepts.com; Web: www.moneyconcepts.com, Phone: 1-800-326-1825.

Interviewer: David C. Frankil, President, NAFCU Services Corporation, 703 522-4770 x226, dfrankil@nafcu.org

Show References: www.moneyconcepts.com; www.nafcu.org/moneyconcepts

3rd Quarter Economic Review

December 9, 2008

The 3rd quarter of 2008 has been, to say the least, an interesting time. Massive government intervention in capital markets and the private sector in such a short period of time marks a watershed for managing the economy, and carries implications for many years to come.  This podcast features an interview with Ms.Hillary Elder, Vice President and Director of Money Market Strategies with NIFCU$, the National Investment Fund for Credit Unions.

The NIFCU$ fund was the genesis of NAFCU Services Corporation nearly a quarter century ago, as a joint venture with Highmark Capital, and it provides credit unions with a triple-A rated options for overnight and short-term investments. Hillary has been managing NIFCU$ since joining the firm in 1995, and in total her team manages over $6 billion in assets. She has extensive experience in the credit union space, and in understanding macro trends in the economy.

Contact: Ms. Hillary Elder, Hillary.elder@uboc.com, www.nifcus.com, 1-800-634-6521.

Interviewer: David C. Frankil, President, NAFCU Services Corporation, 703 522-4770 x226, dfrankil@nafcu.org

Show References: www.nifcus.com; www.nafcu.org/nifcus