BLOOMINGTON, Minn. — From the podium, little was said about Wings Financial or Think FCU at the Minnesota Credit Union Network annual meeting here last week, but in the receptions and private gatherings there was plenty of buzz about the impact of the controversies and the state's newfound connection to them.
"I'm certainly not happy about Wings' actions and what bothers me is that I really don't understand why Wings is doing this," declared Grant Johnson, president/CEO of the $20 million Toro Employees FCU of Bloomington, asking "Is it simply for short-term capital reasons, to shake up the industry or what?"
The effect, he told Credit Union Times, is to create a divisive CU climate, certain to be telegraphed to lawmakers.
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? Sign In
© 2024 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.
