Search
 

"Bank" Ban Goes Too Far

In response to Mike Welch's April 13 column, "CUNA Chairman Thinks Bank is a Four-Letter Word," I wanted to point something out to Mr. Ensweiler. Ensweiler, who apparently doesn't like credit unions to use the word bank in any context, may have forgotten that the first credit union in the...

By Staff Writer | Updated on April 19, 2005

In response to Mike Welch’s April 13 column, “CUNA Chairman Thinks Bank is a Four-Letter Word,” I wanted to point something out to Mr. Ensweiler. Ensweiler, who apparently doesn’t like credit unions to use the word bank in any context, may have forgotten that the first credit union in the United States was St. Mary’s Bank, in Manchester, New Hampshire. They are a viable credit union with over $500 million in assets and approximately 52,000 members. It’s awfully easy to forget our heritage, but it’s important to periodically review our history so we know where we came from to help us get a bearing of where we’re going. It’s always nice reading Welch’s column, thank you. Robert R. Adams President/CEO Catholic Federal Credit Union Saginaw, Mich.

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?

 

Recommended Stories

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.