Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON — For the second time in less than a month, federal and state authorities have coordinated efforts to force a Texas credit union to stop running advertisements that the agencies say question the safety of deposits at banks.

The NCUA and Texas Credit Union Commissioner Harold Feeney ordered Resource One Credit Union in Dallas to cease and desist using an ad that says: “What is safer then money in the bank? Depositing it at Resource One Credit Union.” Later in the ad, after touting its competitive rates and the fact that it is not beholden to Wall Street, the credit union said, “Your bank may be failing but Resource One is NOT! Don’t take chances with your money.”

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?


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
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.