TACOMA, Wash. (12/28/11)--The Tacoma (Wash.) News Tribune Sunday had a little fun with credit unions' growth, the economy, the Occupy movement, and the holidays with its account of a fictitious credit union, Red Sleigh CU, based at the North Pole, where its main branch is on Blitzen Street in its Sunday issue.
The newspaper claimed it interviewed the "credit union's" president/CEO, Ninneth Horklynsberg, about the credit unions growth, noting it had "been a good year for credit unions at the North Pole," with seven million kronar for deposits through third quarter and 16 billion for loans and a growth of 3,000 members.
The new depositors came from the big Candy Cane Lane banks--Bank of the Pole, Jingle Bells Fargo and Citi, and the credit union noted it has been "hiring elves and gnomes" to meet the demand.
The credit union was known as Santa's Workshop CU for more than 600 years, but to bring it into the 21st century, it hired consultants and did focus groups. "We almost went with Gingerbread House, but then our attorneys found out it had already been trademarked by Exxon. I liked Tiny Reindeer, but we got some pushback from the elves over in wrapping," the article said.
When asked if the Occupy North Pole demonstrators had caused any problems in the way it does business, the CEO said, "I personally went down to the Occupy camp and handed out hot cocoa. Of course, that was before the police came in with the peppermint spray." The credit union explained it doesn't charge customers fees for using their debit cards and that it recycles ribbon.
As for the economy and the possibility of a double-dip recession, "the only thing we're going to double-dip up here is our cookies."
For the full tongue-in-cheek article, use the link.