Investment banking giant Goldman Sachs has pulled its sponsorship of an event at a NewYork community development credit union after the credit unionadded the group Occupy Wall Street to the list of honorees at theevent, according to the credit union.
|Linda Levy, CEO of the 6,000-member Lower East Side People's Federal Credit Union said that its25th Anniversary celebration set for Nov. 3 had beenscheduled for more than a year and that the investment bank had promised $5,000 to help sponsor it.
|That bank cooled on the sponsorship, however, after theorganization Occupy Wall Street joined the credit union and openedan account and after the CU decided to honor the group at theanniversary event.
|Levy said the group chose to honor Occupy Wall Street becausethe group's goal of economic justice had also been one of thecredit union's for years.
|Levy said the credit union had links to the investment bank inthe past through some of its board members and that it routinelywidely seeks sponsors for its events. After the story ofGoldman's move hit the media, Levy added, the CU had also receivedsupport and positive messages.
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