Friday, July 1, 2011

Unions, Banks, and CUs in Florida

This is what it it comes down to in terms of corporate governance and consumer behavior.  I was glad to find out about this development.

Union leaders to pull funds from five banks, look to CUs
Union leaders to pull funds from five banks, look to CUs
ORLANDO, Fla. (4/25/11)--Labor leaders in Central Florida said Thursday they will pull their money out of five banks that support what they call "union-busting" legislation. Instead, they will move their money to community banks and credit unions. They also said they're advising thousands of union members to make the switch as well.
Unions representing police, firefighters, teachers and white-collar and blue-collar workers announced at a news conference they will pull funds from Bank of America, PNC, Regions Bank, SunTrust and Wachovia (Orlando Sentinel April 22).
Each bank is represented on the Florida Chamber of Commerce, which is advocating a measure moving through the state legislature that would prohibit state and local governments from collecting union dues through payroll deduction.
Those involved in the news conference lead the International Association of Fire Fighters; the Fraternal Order of Police; the American Federation of State, County and Municipal Employees; Service Employees International Union and the AFL-CIO.
Copyright © 2011 - Credit Union National Association, Inc. All rights reserved. Reproduction is prohibited without written consent.

No comments:

Post a Comment