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- October 6, 2020
In voting for the sale, SAFCU members got $350 each. But the CEO got an agreement for five years of salary plus a three-year buyout. – CU Today, October 2020
Large credit unions use their unjustified tax advantage to fuel bank-buying sprees that take tax-paying businesses off tax rolls at community expense, and expand into new higher-income markets to drive more deposits, higher profits, and customer growth. With 404 credit unions each holding more than $1 billion in assets and approaching 500 is it fair for these large credit unions to be beneficiaries?
In voting for the sale, SAFCU members got $350 each. But the CEO got an agreement for five years of salary plus a three-year buyout. – CU Today, October 2020
The University of Kentucky Federal Credit Union (UKFCU) and JMI Sports, UK’s multimedia rights partner, have announced a naming rights partnership with the university for the esports complex in The Cornerstone, a new multiuse facility now under construction at the corner of South Limestone and Winslow Street on campus.
Alaska USA Federal Credit Union (Anchorage, AK) and TCF National Bank, a subsidiary of TCF Financial Corporation (Wayzata, MN), announced on January 8 that Alaska USA has signed a definitive agreement to acquire TCF Bank’s seven branches located in the greater Phoenix, Arizona market, along with deposits and certain related assets.
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