Thursday, March 10, 2016

Knovxville TVA Employees Credit Union Buys Naming Rights to Ballpark

Knoxville TVA Employees Credit Union has bought the naming rights to the home stadium of the Johnson City (TN) Cardinals.

The Johnson City Cardinals are a minor league affiliate (Appalachian League) of the St. Louis Cardinals.

Details of the sponsorship package was not disclosed.

Maybe a member of this credit union will ask the Board and management at the upcoming March 22 Annual Meeting what is the price tag of this deal and is this the best use of the members' funds.

Read the story.
Posted by at
Labels: , ,

3 comments:

  1. AnonymousMarch 10, 2016 at 7:14 AM

    Serving the underserved.
    Joke.
    A real damaging expose would be the MILLIONS spent on this stuf plus all the industry BOONDOGGLES while they whine about how we whine we are for the little guy.
    ANYTHING to not have to pay taxes and be accountable.
    Members don't hold cus accountable.
    If they did, there wouldn't be a movement.

    ReplyDelete
  2. AnonymousMarch 14, 2016 at 11:21 AM

    I wonder how many shareholders would support banks spending tax-deductible marketing and promotional money on stadia deals. Would those shareholders be able to ask their Board members in the same manner available to CU member-owners at their annual meetings?

    ReplyDelete
    Replies
    1. AnonymousMarch 15, 2016 at 6:15 PM

      This is hilarious.
      You're joking right?l
      How many members in the country, not an employee also, attended a board meeting this month?
      Name them.
      Would the bank shareholder able to communicate with the bank board?
      Yes and they do.
      Do cu members attend meetings, vote for directors...no.
      Do credit unions enjoy a federal tax exemption and then conduct business as a bank?
      Yes.
      Do they whine about not having the same powers as a bank?
      Yes.
      What you and CUNA better hope for is that members DONT find out about the money wasted on sending directors on boondoggle conferences and board retreats.
      Now, go back to your CUNA cubicle and miscount the number of members credit unions have.

      Delete

Subscribe to: Post Comments (Atom)
 

The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.