No Crisis of Credit at Vantage

Submitted by Eric on Wed, 03/11/2009 - 3:46pm
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Average: 3.8 (13 votes)

Sub prime mortgages. Credit swap defaults. Collaterized debt obligations. A “crisis of credit.” All of us have heard the financial jargon in the media, and making sense of it all is not easy. The bottom line is: a credit crisis does exist in a large segment of our economy and it’s impacting thousands of businesses and consumers. The good news is: a credit crisis is not happening at Vantage Credit Union and we continue to lend money every day. 

 
Hello, my name is Eric and I oversee your credit union’s operations. It’s my job to ensure we deliver superior service to you in the branches and by telephone. I also make sure we’re fulfilling our primary role as a credit union—lending money responsibly to our members. 
 
In preparing for this first blog post, I became aware of a graduate student named Jonathan Jarvis and The Crisis of Credit Visualized video he created for his thesis work at the Art Center College of Design in Pasadena. Using simple art, along with some tongue-in-cheek humor and factual information, Jonathan concisely explains the sequence of events leading up to the financial meltdown on Wall Street and Main Street.


The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo

Going forward in this blog, I plan to share my thoughts and observations about various financial topics that probably impact you. My hope is that you will share your thoughts as well. I look forward to hearing from you.
 
Let me know what you think of this video!
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