----- Original Message ----- From: "Miles Jackson" <milesvjackson at comcast.net>
I will be the first to admit I'm naive about finance stuff, but why are the CUs just holding onto the money? Why not provide more attractive auto/home/small business loan terms and get the money out in the community where it will do some good? Sorry if I sound like George Bailey, but doesn't it defeat the purpose of credit unions if they just hold onto the money?
------- I doubt they're just holding on to the money. They make car loans and house loans, but people's willingness/ability to borrow is limited by how leveraged they already are and by the employment situation. If nobody is applying for a loan and if you are forbidden by law to speculate (a good thing), what can you do but hold on to the money?
Joanna