Former credit union lobbyist Marvin Umholtz said the industry shouldn’t fear a new banker super PAC, saying the Friends of Traditional Banking PAC, will function “more like a scalpel than a battle axe.”
The topic for a morning Salt Lake City talk show may have been the impact of Bank Transfer Day, but the head of the Utah Bankers Association quickly converted the pre-Thanksgiving broadcast to an assault on the credit union tax exemption.
"Good Morning Utah" segment featured several sharp exchanges between Utah Bankers Association, Credit Union Association heads.
The churning debate on the form, methods and cost of conveying the industry’s advocacy message through the state league network undergoes more scrutiny this week as yet another group of leagues tie the knot this Friday to officially organize the Denver-based Mountain West Credit Union Association.
With a rise in foreclosures and delinquency filings, Utah apparently has become a late blooming sand state,
With its NCUA Utah merger deal under its belt, the $1.5 billion Chartway Federal Credit Union of Virginia is still bent on scouting out more struggling CUs in the West and Midwest for possible acquisition.