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Murray Halperin, vice president of sales and marketing, CU Business Capital, on comparisons between credit union and bank branch networks. "It is difficult to comprehend how this expanded authority will serve the overall membership of the credit union when such a small percentage of the members will be served by...

By Staff Writer | Updated on October 10, 2006

“Banks are using the Starbucks approach. Credit unions can’t compete against that.” –Murray Halperin, vice president of sales and marketing, CU Business Capital, on comparisons between credit union and bank branch networks. “It is difficult to comprehend how this expanded authority will serve the overall membership of the credit union when such a small percentage of the members will be served by these business loans. Additionally, the disclosures fail to contain any reference to any studies, membership surveys, etc., that support the notion that the general membership is desirous of obtaining business loans.”

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