Local Community Banks at Risk: National Trend Sees Credit Unions Buying Out Tax-Paying Banks
Credit unions are run under NCUA guidelines while banks are FDIC. NCUA has stricter standards and are not for profit. Sounds like someone is upset they cant get their fingers in the money train. “The Independent Community Bankers of America (ICBA), led by President and CEO Rebeca Romero Rainey, has expressed concerns about the recent …