SAN ANTONIO — Texas credit unions were enjoying some rather favorable media coverage this week including a plug for CURIA as a result of a satirical attack on banking's anti-CU practices by a San Antonio business writer.
In a lead business column appearing Wednesday in the San Antonio Express News and hitting on subprime troubles, David Hendricks scolded banks as greedy and hypocritical for opposing CU efforts recently and over the years to help small business owners get loans from CUs.
"Shame" on credit unions, Hendricks wrote in mocking criticism for daring "to try to lure business away from banks." Those "darn credit unions have simply done it again" by wanting to lend money to distressed small business.
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But banks, "crying big tears after being wounded" by all the securities they thought were safe and " were tainted with subprime mortgages" wrote Hendricks, are now mustering all their lobbying cloud to block CU entry into an area the banks ignore.
But banks "know what to do" to quash those "uppity credit unions," wrote Hendricks, "Put their lobbyists back on the job to keep the world safe from credit unions."
Officials of the Texas Credt Union League acknowledged the pro-CU column is the work of a new "true success story" campaign and media tour formally launched in January by the league's advocacy team to "really tell, the media and the public" what CUs do to help out subprime victims and distressed homeowners.
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