Charlotte Birch
Charlotte Birch
banks billion bit community credit cross dollars enjoy financial full grown insurance life market offering perhaps products range seems stock tax true union
There's a threshold, and once you cross it, you're really not a credit union in the true sense of the word. After you've grown to be about a billion dollars or $5 billion, and you're offering everything from life insurance to stock brokerage to the full range of financial products ---- perhaps some community banks in the market don't even offer ---- it seems the tax exemption they enjoy is a bit misplaced.
bankers banks breed compete competition concerned credit evolving fair happy policy public skewed union
Banks are concerned that there's a new breed of credit union evolving that's not the credit union of old. As long as it's fair competition and public policy hasn't skewed the marketplace, bankers are happy to compete with anyone.