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by scarface74 1297 days ago
> Public trust in credit unions stands at 60%, compared to 30% for big banks and small businesses are five times less likely to be dissatisfied with a credit union than with a big bank

All organizations seek to accrue power and revenue - even “non profits”.

I saw it from one of the local credit unions I worked at in college…

1. First it was a credit union for a few large companies

2. Then it redid its charter to become a “regional credit union”

3. Then it said “fuck it we are bank”

Meet the old boss..

1 comments

Indeed. This is why some (relatively few) organizations are designed to limit growth. Not all credit unions have the problem of growing to serve other customers.