April 01, 2019 - FOX Business
"Congress cannot have it both ways, publicly proclaiming support for community banks while allowing corporate welfare for credit unions to continue. Credit unions, awash in cash because of their tax-exempt status, are buying banks in cash deals. Since 2012, credit unions have purchased 29 banks. In Florida alone in the past 12 months, credit unions have purchased seven banks.”
Part of the Florida Bankers Association's mission is to inform the public about the good our member banks do for their community and for the state. Whether that means sharing stories about how Florida banks make dreams come true every or responding to false allegations about our industry, it is imperative that the FBA work with the news media to ensure that the voice of Florida banking is heard loud and clear.