The bankers talk out of both sides of their mouths. As they endeavor to keep credit unions from expanding their business lending powers and reforming their 1930s capital structure, they also want to embody credit unions. Imitation is the sincerest form of flattery.
Banks are being two-faced by trying to rein in credit unions while acting like them.
NCUA has approved FOM for new Green Energy Federal Credit Union, its organizer and sponsor said, with initial push among network of contractors.