In almost every issue of Credit Union Times as far back as I can remember there is mention of some dastardly deed perpetrated against the CU industry by those loathsome bankers. All the while, our trade associations have spent millions of credit union dues dollars fighting back. And, the CU industry, lead by corporate credit unions, maintains $100 billion-plus in deposits/ investments with ABA dues-paying banks.

Although I cannot dictate what corporate credit unions do, following my lead could get the bankers’ attention. Ten years ago, CFCU invested about 20% of our assets in commercial banks. Today, I’m proud to say less than one-half of 1% is directly held with banks (although some of CFCU’s $70 million in corporate CUs goes into banks).

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

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

  • Critical 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 and

Already have an account?


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 and

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

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