one in four credit unions is running at a loss, and will not be able to pay any dividend (return to savers) this year
one-fifth did not report on investment losses to the regulator
two of the largest state's credit unions are known to be experiencing runs, as savers have lost confidence
Because the AGM was last Friday.
Certain writers appear to be sensualising stories on the credit union movement lately, and we should consider the background of these individuals.
I wouldn't take articles such as yesterday's article in the SB Post at face value. Certain writers appear to be sensualising stories on the credit union movement lately, and we should consider the background of these individuals.
These lessons have cost far far less to credit union members, than the lessons banks have learned.
It is unfair that every credit union gets tarnished from cynical writers who may have background agendas to criticise the movement with the same issues.
Are you just speculating that the negative/cynical tone of their reporting implies that they have an axe to grind or are there writers out there who have a vested interest in talking down Credit Unions?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?