Large Credit Unions (and Their Logos) Are Here, There, Everywhere
Large credit unions continue using their profits to snatch up naming rights for buildings and stadiums across the nation. Plenty of companies do the same thing, but unlike those businesses, credit unions were given a special tax-exempt status so they could use their earnings to better serve consumers of modest means, not to build their brand. When will regulators and lawmakers finally start to take notice of this troubling trend?
Out-of-state Credit Union Buying Nebraska and Illinois Banks
GreenState Credit Union, an Iowa-based industry giant with 270,000 members and nearly $7.5 billion in assets, announced in May 2017 its plan to buy not one but two out-of-state banks in Nebraska and Illinois in an effort to expand its geographic footprint and fuel membership growth.