BLOOMINGTON, Minn. — From the podium, little was said about Wings Financial or Think FCU at the Minnesota Credit Union Network annual meeting here last week, but in the receptions and private gatherings there was plenty of buzz about the impact of the controversies and the state's newfound connection to them.
"I'm certainly not happy about Wings' actions and what bothers me is that I really don't understand why Wings is doing this," declared Grant Johnson, president/CEO of the $20 million Toro Employees FCU of Bloomington, asking "Is it simply for short-term capital reasons, to shake up the industry or what?"
The effect, he told Credit Union Times, is to create a divisive CU climate, certain to be telegraphed to lawmakers.
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