Cascade Federal Credit Union
A No Merger Guarantee and a Revulsion for Mutual Bank Conversions
April 8, 2016
Making a pledge to members in 1997 that Cascade FCU, Seattle, has no intention of merging with another financial institution Dale Kerslake, CEO, promised to pay members $100 if the CU merged and as a result changed its name, a member’s account number or closed a member’s primary branch within a five-year period. Six years and counting and there’s no payout in sight.
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