Quote:
Originally Posted by wagstaffe
I'm sorry you must not have understood my point. Credit Unions are a type of bank, just a very poor relation with a limited scope. Although the Government have recently come up with new legislation to expand membership numbers and loosen the bond, it hardly rates as a serious competitor to the Banks.
Increasing the scope of Credit Unions was a broad term to cover extra support and resources for them to flourish and compete with the Banks.
Without any serious competition and choice it will be business as usual after the Election, if it hasn't already
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When you have become a member of the local credit union, when you have volunteered with the local credit union, when you have spoken to people who know about credit unions .. then maybe you will understand something about a credit union. Credit unions were not set up to compete with a bank .. they are not a poor relation .. and it wont be a serious competitor with a bank because they are NOT run for profit, they are run by volunteers.