Iowa state flag. Iowa state flag. (Source: Shutterstock)

Iowa’s largest credit union has recently laid off 42 employees because of “market corrections and rising interest rates.”

“This action was necessary due to market corrections and rising interest rates currently taking place that have a direct impact on GreenState’s operations,” GreenState Chief Marketing Officer Jim Kelly said in a prepared statement. “The employees impacted by this move have been given a severance package, as well as extended insurance coverage.”

Peter Strozniak

 

Credit Union Times

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