MADISON, Wis. - (09/21/04) -- A rare bid to separate the employeesunion at CUNA Mutual Group is stripping away support for the union,as the increasingly bitter labor impasse stretches into its seventhmonth. At least 13 members of the local 39 of the Office andProfessional Employees Union have resigned their membership at theurging of a dissident employees group seeking to separate from thecurrent union, and as many as 100 of the union's 1,400 members havestopped paying dues, after the company ceased automaticallydeducting them when the contract expired March 31. "This is hurtingus financially," John Peterson, office manager for the OPEIU,conceded to The Credit Union Journal. The dissident group, whichhas petitioned federal labor authorities to start its bargainingunit for 'professional' employees at CUNA Mutual, is playing intothe hands of the company's bargaining strategy, he asserted."They're helping the company weaken us so we eventually have tocave in." Employees leading the separation attempt could not bereached for comment.
-
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
3h ago -
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
8h ago -
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
8h ago -
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
9h ago -
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
9h ago -
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
11h ago