CU Times' story on Canadian credit union leaders'decision to ban credit unions from using the word “banking” onmarketing materials sparked a lively conversion on Facebook andcutimes.com. Here's what CU Times readers had to say aboutthat story, as well as credit union news out of Washington.
“Canada Bans the B-word for Credit Unions,” July 6
The definition of banking: “The business conducted or servicesoffered by a bank.” The definition of bank: “A financialestablishment that invests money deposited by customers, pays itout when required, makes loans at interest and exchanges currency.”Despite our unique cooperative structure, we OPERATE exactly as aconventional bank. This is totally ridiculous.
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