Did you ever wonder what bankers think of credit unions? It must be terribly frustrating for bankers that credit unions consistently (something like 18 years straight now) exceed banks in the ABA customer satisfaction survey. Can’t you just hear them in the board meeting, “with the credit unions out of the way, we could make a killing; increase fees, raise loan rates and the best part is that there would be no place for them to go except another bank.”
The big banks and some in Congress want to raise taxes and impose new fees on 96 million credit union members who represent 40% of all Americans, yet represent only 6% of the assets in financial institutions. For pure greed and competitive reasons, they want to remove the not-for-profit credit union alternative. Credit unions are cooperative, not-for-profit financial institutions run by a volunteer (can’t be paid) board of directors, owned and controlled by the members who do business with them.
Let’s not let them get away with it again. Click here to watch the video and to Connect for the Cause and tell our federal representatives, “Don’t Tax our Credit Union”.Share: