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Banks Copycat CUs on Homes for Troops

Witnessing the credit union experience with Homes for Our Troops, a handful of banks led by Bank of America, are now playing catch-up.

By Jim Rubenstein | Updated on July 16, 2009

Witnessing the credit union experience with Homes for Our Troops, a handful of banks led by Bank of America, are now playing catch-up.

“I think the banks, struggling with their reputation and trying to restore confidence, see the positive exposure credit unions have enjoyed,” explained a spokeswoman for HFOT, a Taunton, Mass. group spearheading the building of specially fitted homes for severely injured Iraqi and Afghanistan war veterans.

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