<p>In regard to Mike Welch’s February 13th “Kudos” publisher’s column, I’m not in favor of changing from “credit union.” I really don’t think it’s necessary, especially since the advent of share drafts. Besides, credit union logos are seen every day by the American public. They’ve become commonplace. They’re out there, all over the place. Most people know that credit unions are cooperative financials. Only Martians, Rip van Winkles, or the blindly anti-union would have a problem with the words, “credit union.” Mike’s column mentions my father, Charley Eikel, being threatened with bodily harm while organizing credit unions in the South during the `30s and `40s. Actually, the threats weren’t made because of the word “union.” In most cases, organizing credit unions threatened the livelihoods of loan sharks, the predatory lenders of the day. My dad was indeed threatened by loan sharks. Or the threats came because a credit union recognized the equality of African-Americans in a democratically controlled environment. Klansmen didn’t like that. He was threatened by Klansmen in a number of places where he organized among black church congregations. If Old Charley were alive today and heard this proposal to change the name, he would, without a doubt in my mind, utter his favorite comment upon hearing something he didn’t like…… “Not for five damn minutes!” Chuck Eikel, Associate Coordinator- Public Relations Department CUNA Mutual Group Madison, Wis.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.