> Public trust in credit unions stands at 60%, compared to 30% for big banks and small businesses are five times less likely to be dissatisfied with a credit union than with a big bank
All organizations seek to accrue power and revenue - even “non profits”.
I saw it from one of the local credit unions I worked at in college…
1. First it was a credit union for a few large companies
2. Then it redid its charter to become a “regional credit union”
Indeed. This is why some (relatively few) organizations are designed to limit growth. Not all credit unions have the problem of growing to serve other customers.
All organizations seek to accrue power and revenue - even “non profits”.
I saw it from one of the local credit unions I worked at in college…
1. First it was a credit union for a few large companies
2. Then it redid its charter to become a “regional credit union”
3. Then it said “fuck it we are bank”
Meet the old boss..