Comments on: Credit Unions Off Limits To Local Governments; Bill Seeks Change

By: me2

me2 — Wed, 20 Mar 2013 23:52:55 +0000

To Taxpayer – Ref: “Go to Penn Air’s annual report and see if you can find what Mr. Tuyo makes”.

Mr. Tuyo is no longer employed at Pen Air – been gone for awhile now.

By: Believer

Believer — Wed, 20 Mar 2013 00:58:39 +0000

As it stands right now all government monies must be deposited into FDIC insured financial institutions. Credit Unions are insured by NCUA. Both FDIC and NCUA are backed by the same government with the same insurability limits.

By: Joe

Joe — Mon, 18 Mar 2013 19:03:51 +0000

Mickey has posted Doug Broxson’s email address on his post. We should definetely email him. He hasn’t done anything for his district. He needs to listen
better because he almost lost the last election by an unknown. We should have never elected an insurance man to office.

By: Steve

Steve — Mon, 18 Mar 2013 18:11:14 +0000

I looked at last year and Doug Broxson voted NO on this bill! It’s amazing that our legislators love to tell us they want less government, but when it comes to actually offering less government they don’t have the fortitude to go through with it. Sure would be nice if we flooded Rep. Broxson’s phone lines with calls demanding an answer for why he voted no on this last year and tell him HIS constituents want him to vote yes!

By: Joe

Joe — Mon, 18 Mar 2013 17:22:49 +0000

I wouldn’t bet on Doug Broxson to vote for this bill. He has campaign contributions from commercial banks. Also he tends to follow not lead.
Good luck!

By: Frank

Frank — Mon, 18 Mar 2013 17:04:38 +0000

Believer, you are right! Also the credit union board is elected by the members.
Mickey I agree we need to contact our local legislators. Apparently Doug Broxson is on the committee for this bill. He needs to be contacted.

By: George

George — Mon, 18 Mar 2013 17:00:18 +0000

Some of these pro bank comments seem like personal attacks. Stick to the facts and they are that Credit Unions help their communities and banks are failing.
Credit Unions are the future and it may hurt some people, but buy a box of tissues and get over it.

By: Believer

Believer — Mon, 18 Mar 2013 16:48:39 +0000

Taxpayer, Credit Unions employee compensation is extremely competitive and in line with other Credit Unions AND banks. One thing you failed to mention is the fact that Credit Unions Board of Directors are strictly volunteer, not salaried, they do not get paid unlike the banks Board of Directors who ARE salaried. This is an extra expense the banks have to pay. Do you think the banks cut their employees salary to compensate for that extra expense? Absolutely not, banks take it from their customers. Our local agencies should be able to get the benefits of being with a Credit Union if that is what they choose to do.

By: Steve

Steve — Mon, 18 Mar 2013 16:32:59 +0000

I am credit union member and I will never deal with a bank again.
I hope this bill passes.

By: Taxpayer

Taxpayer — Mon, 18 Mar 2013 15:58:04 +0000

Credit Unions do not pay income taxes.
Yes, CU’s are non-profit but if they solely exist to serve their members then why not do so rather than a focus upon getting larger?
Possibly because the larger they get and more money they make the larger the compensation for officers?

They have lower rates because they have a lower cost of operation i.e. they don’t pay income tax.

Finally, Frank all the salaries of publicly traded companies are just that PUBLIC. It is called transparency. Neither Gulf Winds or Penn Air discloses the compensation of their officers. Members should have the right to know. See Gulf Wind’s report below:
http://www.gogulfwinds.com/downloads/GW-Annual-Report-2011-Sheet-web.pdf