Large credit unions have lost their way. It’s time to level the playing field and hold them accountable.
Credit unions talk about serving the underserved and protecting consumers, but do we know what they’re up to? Public accountability is scant, and examples of abuse are plentiful.
Credit unions take advantage of their privileged tax status to buy tax-paying banks, expand market share, and fuel unbridled growth, while no longer targeting people in need. Why does a $1.9 trillion industry need a free ride?