MADISON, Wis. – CUNA Mutual President and CEO Mike Kitchen and Office of Professional Employees International Union President Michael Goodwin held their second face-to-face meeting in less than a month in New York on July 19. The two were meeting about the labor dispute at CUNA Mutual where the company and the union have failed to ratify a new collective bargaining agreement – the old one expired March 31. Kitchen and Goodwin met for the first time on July 8 in Florida. At that meeting the two agreed to a 30-day cooling off period whereby the union would suspend its corporate campaign against CUNA Mutual. Nothing as concrete came out of this latest meeting in New York. According to a CUNA Mutual spokesperson, the meeting lasted several hours and covered issues surrounding the labor dispute. Approximately 1,400 CUNA Mutual employees in Madison are unionized under OPEIU Local 39.
The disruption could introduce new risks into the system by compelling banks to loosen lending standards and take on greater risk.
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