Less members are being served, less assets are under management, while profits are at record highs, employment compensation at record highs, so why is instituting $3 monthly weasel fees necessary? Do the executives need bigger compensation packages, funded at the expense of the member-owners?
Are credit unions democratically structured with 1 member getting 1 vote? Did the members vote to tax themselves with these unprecedented weasel fees? Of course not! This seems like a wealth transfer from member-owners to employee pockets and bonus pools. The board of directors and management are not properly representing the member-owners. The employees and Board of Directors should be working for the members, not against them. The employees and Board of Directors should be trying to enrich the members, not pick their pockets with $3 monthly fees.
This is pitiful and must be stopped.