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Community Link: Indiana Credit Union League

Community Link: Indiana Credit Union League

News 8 Daybreak 6

INDIANAPOLIS (WISH) — Each week in Community Link Carolene Mays-Medley and Marco Dominguez take a look at an organization or business that is making a positive impact on the community.

When you drive around, you see credit unions everywhere, but not too many people know about the importance of a credit union in this society.

John McKenzie, the president of the Indiana Credit Union League, stopped by the WISH-TV studios to talk about the difference between a bank and a credit union.

“Credit unions provide all the consumer financial services anybody could want,” explained McKenzie. “Many of them also offer business lending and business services. The primary difference is in the structure and the purpose of the credit union, how they operate. Credit unions are member-owned, not-for-profit cooperatives, so there isn’t a group of stockholders that exists where the organization has to generate profits in order to pay dividends to those stockholders.”

McKenzie explained that any excess earnings generated from services provided that aren’t needed for reserves or operations are returned to the members.

Click the video to learn more about the difference between banks and credit unions.


Rainy Monday

INDIANAPOLIS (WISH)–Skies become mostly cloudy overnight.

TONIGHT: After a beautiful end to the weekend skies become mostly cloudy overnight. It remains dry but rain develops close to daybreak. Temperatures fall into the upper 30s.

MONDAY: Rain heads into the state by early Monday morning. Rain will continue on and off throughout the day. Highs climb a few degrees above normal into the upper 40s. Winds will be light out of the south at 5-10 mph.

MONDAY NIGHT: The heaviest rain comes to an end. Scattered showers remain possible Monday night. Lows fall into the lower 40s.

TUESDAY: Skies remain mostly cloudy Tuesday. A few scattered showers will be possible during the day. It’s going to be breezy with highs climbing into the upper 40s close to 50.

8DAY FORECAST: Colder air heads into the area on Wednesday. A few rain or snow showers are likely Wednesday afternoon. Temperatures fall into the lower 30s for the middle and end of the week. Skies clear and sunshine continues through the first part of the weekend. Temperatures slowly warm back up to near normal readings next weekend.