Re:Savings and Loan Crisis 1980–1989
by hinkley on Monday May 01, 2023 @04:13PM
(#35778500)
Credit unions used to have extremely tight criteria for membership. You had to be a former or current employee of the company or things of that sort.
If your dad was a member you could start an account, but IIRC not if they were a former employee.
If memory serves loosening the rules on CUs was part of solving the S&L crisis. So BECU (Boeing Employees’ CU) could serve any Washington residents for instance.
If your dad was a member you could start an account, but IIRC not if they were a former employee.
If memory serves loosening the rules on CUs was part of solving the S&L crisis. So BECU (Boeing Employees’ CU) could serve any Washington residents for instance.