Large Credit Unions' Offers of Help May Scare Off Smaller Credit Unions
At least, that's what Shirley Jenkins, a director at $1 billion Municipal CU for 25 years, has witnessed. She expressed her frustration with the many attempts she and others have made to help smaller credit unions in a number of areas. Prior to her board service, Jenkins once served as Municipal's president.
"I've had so much resistance from smaller credit unions. When we come bearing gifts, I think there's this concern that they're going to be absorbed," Jenkins said during a session by Tawana James, director of NCUA's Office of Small Credit Union Initiatives, at the African American CU Coalition's conference.