I just witnessed (within the past 2 years) a local relatively closed membership credit union change its name, open the membership up to about anyone, and build a $1.7 million dollar new "semi-green" silver Leeds building which leaves them exiting a smaller leased facility.
I'm a member, but don't deal too much through them.
To me it smells like unjustified expansion. Increasing the pool of members may have opened up an opportunity to have the same monstrosity facility for leasing space that the commercial banks have had for years.
For me, a non-economist, it looks like clouds on the horizon.
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I just witnessed (within the past 2 years) a local relatively closed membership credit union change its name, open the membership up to about anyone, and build a $1.7 million dollar new "semi-green" silver Leeds building which leaves them exiting a smaller leased facility.
I'm a member, but don't deal too much through them.
To me it smells like unjustified expansion. Increasing the pool of members may have opened up an opportunity to have the same monstrosity facility for leasing space that the commercial banks have had for years.
For me, a non-economist, it looks like clouds on the horizon.
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