LSCU responds to bankers’ attacks

Earlier this week, the Wall Street Journal published an Op-Ed by Florida Banker’s Association president/CEO Alex Sanchez attacking the tax exempt status of larger credit unions. Sanchez focused much of his attention on Navy Federal Credit Union which has a large operation in Pensacola, FL. However, he also attacked two Florida-based credit unions, CFE FCU in […]

Earlier this week, the Wall Street Journal published an Op-Ed by Florida Banker’s Association president/CEO Alex Sanchez attacking the tax exempt status of larger credit unions. Sanchez focused much of his attention on Navy Federal Credit Union which has a large operation in Pensacola, FL. However, he also attacked two Florida-based credit unions, CFE FCU in Lake Mary and MIDFLORIDA CU in Lakeland.

While Sanchez’s attacks are nothing new, the LSCU responded by submitting a full response as well as a condensed version based on the the Wall Street Journal’s publication requirements and is in the process of proactively promoting the credit union difference in our local media publications. The League continues to monitor all state-level bank attacks, particularly as we prepare for the upcoming 2019 state legislative sessions. Updates on this coverage will be provided in LSCU Today and on this post.

Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.