The Impact of Credit Unions on Washington

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?

GESA Credit Union Sells Naming Rights GESA Credit Union reached a 10-year, $11 million agreement to rename Martin Stadium after the $4.3 billion credit union.

NuVision Credit Union, Denali FCU Set for West Coast Mega Merger Denali Federal Credit Union (Anchorage, AK) and NuVision Credit Union (Huntington Beach, CA) are proposing a merger that would create a $2.2 billion credit union in 5 states.

Another Credit Union-Stadium Deal, Another Loss for Taxpayers Struggling with declining revenues due to the pandemic, Washington State University Athletics agreed to sell the naming rights of Martin Stadium to GESA Credit Union in a 10-year, $11 million deal earlier this month.