Credit Union Ruse

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Funny, Isn't It?  

 

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Digital Federal Credit Union

Digital Federal Credit Union is the poster child for what's wrong with large credit unions in America. In addition to not paying state and federal taxes, it no longer adheres to a "common bond" provision to serve only a homogenous group of members -- as required by regulators.

Click here to listen to an excerpt of Digital's sponsorship message from National Public Radio stating that "anyone can be a member."



Greylock Credit Union

Many people have criticized credit unions for moving so far beyond their common bond mission that anyone with a pulse could become a member. Lo and behold, Greylock proved it by running a radio commercial that said exactly that.

Click to hear an excerpt.


 

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