Heard and Overheard May 17, 2010

“Credit unions work under the cooperative model. We’re not-for-profit and our obligations are to deliver results to our members, not to shareholders.”
WSECU President & CEO Kevin Foster Keddie responding to a question from the South Sound Business Examiner about the difference between banks and credit unions.

“Shareholders are wondering why Goldman Sachs was bailed out on 100 cents on the dollar and WaMu didn’t get anything.”
Washington Senator Maria Cantwell

Posted in Advocacy News, NWCUA.