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Air Force Federal Credit Union Cited for Improper Membership

Tuesday, April 20, 2010 - 8:51 PM
This is an example of a credit union getting into trouble with the NCUA for being too open in its field of membership. The ABA economist Keith Leggett has a useful summary of the NCUA's Letter of Understanding and Agreement.
1
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
1. Tuesday, April 20, 2010 - 9:41 PM
Is it just me...or has this guy got something against credit unions in general???

I admit, it's a first to see someone start a blog that reports and highlights on credit union problems.  It's as though he's a disgruntled banker who opposes credit union.

Who could hate credit unions??  Only communists and Wall Street bankers!!!

 

 

 
1
AnonymousAnonymous2,281 posts since
May 9, 2010
Rep Points: 3,784
2. Tuesday, April 20, 2010 - 10:21 PM
The ABA, a lobby special interest group for banks, would love to **** the credit unions, because they see them as a competitive threat. This guy has been hired by the ABA to do just that. I have asked banking guy in the past not to support his blog. He is no friend to savers and depositers.
1
AnonymousAnonymous2,281 posts since
May 9, 2010
Rep Points: 3,784
3. Wednesday, April 21, 2010 - 9:26 AM
This is an attempt by the ABA to make this particular credit union the poster child for all credit unions. The ABA is nothing but a lobbying group out to destroy credit unions while at the same time defending the shenanigans of the big banksters. 
1
AnonymousAnonymous2,281 posts since
May 9, 2010
Rep Points: 3,784
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