MADISON, Wis. - (09/15/04) -- The National Labor Relations Boardsaid it won't take up a petition from professional employees atCUNA Mutual Group to form a separate union within the Office andProfessional Employees International Union until the union'scurrent unfair labor practices charges against the company areresolved. "Pending completion of the investigation and adetermination as to the alleged unfair labor practices, processingof this matter is being held in abeyance," said Irving Gottschalk,acting regional director for the NLRB, in a letter to all partiesobtained by The Credit Union Journal. The union, which has beenembroiled in negotiations for six months, claims CUNA Mutualengaged in 'regressive bargaining' by withdrawing an agreement tomake pay raises retroactive after a contract is signed; intimidatedunion members; and unilaterally changed work conditions. They alsoclaim the company was behind the rare effort to split the unionbecause former chief executive Michael Kitchen offered to help paythe legal expenses for the bid. The professional employees group,frustrated over the failure to arrive at a new contract, haspetitioned the NLRB to form its own collective bargaining unitwithin the OPEIU.
-
Lendistry, one of the nation's fastest-growing SBA 7(a) lenders, is getting a $25 million infusion from TD's community development arm.
7h ago -
The fintech, which powers debt collections for banks and credit unions, received a "strategic investment" from Vista Equity Partners to expand into agentic AI.
8h ago -
Bankers face a "critical limitation" due to the vast number of oversight agencies and institutions, like social media companies and telecom institutions, that a fraudster might touch on their way to scam a consumer.
8h ago -
The payments company has used an acquisition of digital asset firm Bridge to gain ground, reminiscent of how fintechs have honed in on banks' payment turf for years.
9h ago -
President Donald Trump asked the Supreme Court to reverse a lower court ruling allowing Federal Reserve Gov. Lisa Cook to remain in office pending the outcome of her lawsuit challenging Trump's move to fire her late last month.
9h ago -
The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.
10h ago