In the four weeks leading up to today, Wisconsin credit unions have added nearly 14,700 new members and $102 million in new deposits.
The Wisconsin Credit Union League continues to criticize the banking industry’s use of the Small Business Lending Fund for what it claims is misuse.
The Wisconsin Bankers Association says most of the state’s credit unions are not near their respective member business lending caps.
Critics say Small Business Lending Fund is being used to pay back TARP debt rather than lend to small businesses.
A recent disbursement of government funds to banks has the Wisconsin Credit Union League calling foul.
League questions TARP funds going to state's banks while bank business lending drops.
Wisconsin, fast becoming the nation’s battleground for credit union-bank clashes over the tax exemption and CU to bank conversions, erupted anew last week with dueling press releases following a fresh appeal from the banking lobby to Congress tied to the debt crisis.
WBA calls exemption "sacred cow"; WCUL calls bankers hypocrites, citing years of no taxes while reaping profits and taking bailouts.
Often in life things happen that you just have to shake your head at. We all know this happens in CUs, too. That said, I’m going to indulge my penchant for sarcasm with a list of how-to’s you never want to see.
League committee to meet on July 20 to discuss next step after bankers win battle over bill to smooth way for credit unions to become banks.