Financial Services Industry
Industry: Email Alert RSS FeedEarly Indications Show Strong Growth For Debt Cancellation Among Military
Credit Union Journal, The, April, 2005 by Renzo Pipoli, Reporter
A model debt cancellation product rolled out jointly by the Defense Credit Union Council and CUNA Mutual Group and targeted to military credit unions has potential for strong growth, according to its backers.
Tom Keepers, assistant vice president of lending solution development at CUNA Mutual Group, said it is "too early to tell" how many members would be enrolled in the program "made available right at the end of 2004".
On the other hand, noted Arty Arteaga, president of the DCUC, the product has good potential as continued military deployment appears likely. The Defense CU Council represents 260 credit unions which serve the military worldwide and which have 13-million individual members, including military and civilians.
CUNA Mutual's Keepers says that...
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