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Mississippi's credit unions doing well despite floundering economy.

Publication: Mississippi Business Journal
Publication Date: 24-NOV-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Mississippi's credit unions doing well despite floundering economy.(Focus)

Article Excerpt
Mississippi's credit unions are alive and well. In spite of the floundering economy and national banking woes, credit unions are reporting a good year.

"Credit unions in Mississippi are doing very well," says Charles Elliott, president and CEO of the Mississippi Association of Credit Unions. "The mortgage crisis did not affect us. We never got involved in subprime loans. Our delinquency rates are low and our charge-offs are still about 0.6 percent, which is very low."

Still, he feels his members will experience some of the economic downturn if there are employee...

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