BANKING/FINANCE
Rudolf J. Hanley had little trouble telling visiting Hungarian businessmen all about credit unions during their recent four-country tour.
Hanley, president of the Orange County Teachers Federal Credit Union in Santa Ana, was born in Budapest and spoke in his native tongue as he told Hungarians about Western-style credit union services, operations and management.
Hanley stayed with the group for three days of their nine-day visit, sponsored by the World Council of Credit Unions in Madison, Wis. The World Council represents credit unions in 80 countries.
With the Communists ousted from the seat of power, Hungarians are reforming their economic system, and one of the financial institutions they might want to copy from the West is the credit union.
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