Thursday, January 29, 2009

People of Lenexa! Watch your credit union!

Posted by on Thu, Jan 29, 2009 at 1:52 PM

You know how so many of the corporate CEOs and bankers and just about anyone else who got bailout money used a chunk of it for pygmy giraffes small enough to keep as pets and ride around the house, or whatever it is you spend money on when you've got more of it than God, and how this righteously pissed off every taxpayer? We're not saying anything like that's going to happen at the U.S. Central Federal Credit Union in Lenexa, but considering today's news we'd like it if someone kept an eye out just the same.

osama_on_us_20_dollar_bill_thumb_500x420.jpg

According to a couple of news sources, the Kansas credit union received $1 billion Wednesday as part of the latest move to prevent us all from becoming nomadic tribes  concerned only with securing canned goods and irradiated produce. The cash injection was necessary because the credit union posted a $1.1. billion loss in 2008. Like just about every other economic problem these days, the officers are blaming this on the collapse of mortgage investments.

The most concise description we've read of the U.S. Central Federal Credit Union is that it serves as a clearinghouse for the credit union network. It's the largest wholesale credit union.

If they use our money for anything other than staying solvent, we agree to turn a blind eye to whatever mob justice Lenexans choose. You've been warned U.S. Central.  

Tags: , , , ,

Comments (5)

Showing 1-5 of 5

Add a comment

 
Subscribe to this thread:
Showing 1-5 of 5

Add a comment

Latest in The Fast Pitch

Slideshows

All contents ©2013 Kansas City Pitch LLC
All rights reserved. No part of this service may be reproduced in any form without the express written permission of Kansas City Pitch LLC,
except that an individual may download and/or forward articles via email to a reasonable number of recipients for personal, non-commercial purposes.

All contents © 2012 SouthComm, Inc. 210 12th Ave S. Ste. 100, Nashville, TN 37203. (615) 244-7989.
All rights reserved. No part of this service may be reproduced in any form without the express written permission of SouthComm, Inc.
except that an individual may download and/or forward articles via email to a reasonable number of recipients for personal, non-commercial purposes.
Website powered by Foundation