Committed to Educating the Public About Today's Credit Unions

Archive for category: Credit Unions

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The Top Five Reasons Why Congress Should Review Credit Unions

Shop Therapy: A Bank Buying Bonanza Large credit unions have been gobbling up smaller credit unions by the dozen, with 187 acquisitions last year, according to the Wall Street Journal. With fewer t...

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Military Personnel Deserve Financial Choice

We all know the sacrifices made each and every day by our men and women in uniform to defend our freedom. Shouldn’t we, in turn, ensure their freedom to select the best financial services to fit their...

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bankshot podcast

Three Key Takeaways from the American Banker Podcast, “Bankshot.”

In a recent podcast, American Banker’s John Heltman explored the lax rules governing credit unions that are aggressively growing, increasingly involved in riskier lending, and lacking in transparency ...

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Taxis waiting in line at the airport

Credit Union Times: Taxi Fallout Tests CUs’ Reputation

David Baumann reports for the Credit Union Times: Credit unions like to paint bankers as greedy – working for their shareholders rather than their customers. Credit union leaders, they have said, are...

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First Tech CU’s New Campus Is Pure Money (See Photos from Portland Business Journal)

Is it appropriate for a credit union to spend member funds on ritzy new offices? From the Portland Business Journal: An ambitious, and sweeping, new Hillsboro campus is welcoming waves of First Tech ...

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Handshake in front of business people

$1.1 billion IBM Southeast Employees’ Credit Union to Acquire $350 million The Oculina Bank

Another small bank has been absorbed by a massive credit union. From Bank Street Partners: DELRAY BEACH, FL (July 26, 2018) — The $1.1 billion IBM Southeast Employees’ Credit Union  (IB...

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CONGRESS

Klein – A Compelling Argument for Congress to Reevaluate Credit Union Membership

From Aaron D. Klein of American Banker: The vast majority of credit unions in America happily serve their important mission of providing financial services to well-defined communities. A small handful...

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Non-Profit NH CU Sued by Members for Charging Fake Overdraft Fees…to Boost Profits

A federal judge has agreed to let a class action suit against Portsmouth, N.H.-based Northeast Credit Union proceed after granting some of the defendant’s motions to dismiss the case but denying other...

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