Members Credit Union’s marketing department has developed an extremely simplified view of what led to the current credit crisis. Obviously omitted were discussions of the derivatives market, insurance programs, and specific investment practices. This was intentional. While we realize that these were factors that exacerbated the problem, it was imperative for us to get to [...]

Although Halloween is just around the corner, many of you have been spooked recently by something quite different than ghouls and goblins. By now, you have likely heard about the global home mortgage “crisis”. Rising foreclosure rates, due in large part to subprime lending (granting loans to riskier borrowers at higher than market interest rates), [...]