Why are taxpayers still subsidizing credit unions' bank buyouts?
It's clear that credit unions buying community banks is bad for businesses, bad for communities and bad for government tax revenue.
Source: americanbanker.com
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It's clear that credit unions buying community banks is bad for businesses, bad for communities and bad for government tax revenue.
The $10.7 billion-asset credit union said 42 employees were terminated, primarily in commercial banking and mortgage lending-related positions, after the refi business "dried up."
The credit union's CEO said a state judge supported the regulatory opposition to its plan to acquire Premier Bank in Omaha, effectively killing the deal.
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