Barry Delaney, may be the interim CEO for Northern Savings Credit Union, but an information release from Wednesday carrying his name, puts in place decisions that will have a major impact on the financial institution for years to come. NCUA also chartered a federal credit union on July 7 of this year to serve employees, members, synods and member congregations of the Evangelical Lutheran Church in America. While these two credit unions have a common bond, it is unclear to me how these institutions’ common bonds are in compliance with the Equal Credit Opportunity Act (ECOA). It is my opinion that NCUA should not charter a credit union that would appear to be out of compliance with ECOA.
ECOA makes it unlawful for any creditor to discriminate against any applicant with respect to any aspect of a credit transaction on the basis of race, color, religion, national origin, sex or marital status, or age. I received your inquiry to Michael L’Ecuyer about the accessibility of the America’s Credit Union Museum in Manchester, NH. The Museum is temporarily closed during the change of Executive Directors.
When I first got into credit union history, one of the few resources I could easily locate was America’s Credit Union Museum in Manchester, NH. I reached out to the director, Peggy Powell, who had helpful reading suggestions, and I ended up s pending two days in the Museum’s reading room working my way through some rare literature. Given the dearth of institutional support for credit union history in general, the Museum is an incredibly valuable resource. I’ve sent a message to the Board President, Michael L’Ecuyer, through his credit union’s contact page to inquire as to the museum’s next steps, and I’ll update this post if he responds.
Finally, he argues that a commitment to education is essential if the movement’s fundamentals are to be successfully transmitted to successive generations of credit unionists. The directors are rubber stamps; the credit committee sits idly by and leaves the matter of determining credit to the treasurer. Credit unions are not-for-profit, member-owned financial institutions that exist to serve the financial needs of their member owners.
Answer: According to many historians, it was September 17, 1862, when General George McClellan’s Union forces and Robert E. Lee’s Confederate troops clashed in the Battle of Antietam. The struggle took place in Antietam Creek near Sharpsburg, Maryland, ending with the retreat of Lee’s army into Virginia on September 18. The Union suffered over 12,000 casualties, with 2,100 men killed; the Confederates suffered over 10,000 casualties, with 2,700 men killed. Credit unions serve a common field of membership based on characteristics like a geographical area, employee groups, or membership in an organization.