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Banks versus credit unions. Banks versus credit unions. (Source: Vitalii Vodolazskyi/Shutterstock)

Firing back at community banking lobbyists, VyStar Credit Union President/CEO Brian Wolfburg said his credit union’s purchase of Heritage Southeast Bank “will create one of the country’s greatest member-owned, not-for-profit financial cooperatives” and that his institution is not “leveraging” its tax exemption to finance the purchase.

“Everyone involved — members, employees and communities will benefit from the best that both our organizations offer,” Wolfburg said.

David Baumann

Credit Union Times

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