Thank you for sharing!

Your article was successfully shared with the contacts you provided.
You can kind of understand the logic behind the hired guns in Washington, who are charged with advancing their industry’s interests even when it may be at the expense of the consumer, the environment or their competitors. People can rationalize a lot of behavior when it comes to earning a living and supporting their families. But how do you explain an individual like Keith Leggett, the former senior economist for the American Bankers Association and self-described “leading expert on credit unions and the NCUA”? Keith has to know by now that credit unions actually improve the lives of millions of Americans by providing them access to affordable financial services in places and markets where his beloved bankers wish not to tread. Surly he knows that banks have stumbled as they seek to profit at all costs and sometimes trample the best interests of the consumers they were charged with serving. A simple Google search of bank fines and penalties, totaling $150 billion to date, should tell the story.

To be fair, Leggett serves to remind all credit union CEOs and boards not to stray from their mission of serving all of our members, and to truly and consistently improve members’ lives.

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

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.