Stacy Mitchell on Muck Rack

Stacy Mitchell

Portland, Maine
Co-Director, ILSR and Contributor

Fighting monopolies & leveling the playing field for independent businesses. Latest report: Amazon's Stranglehold. Author of Big-Box Swindle. Co-director @ILSR.

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@stacyfmitchell — 3,921 followers, 5,477 tweets

@ThomasMHanna … and I suspect this has something to do with the fact that they are also for-profit entities. (Though CUs are doing more sm biz lending and we have supported reg changes to allow more.)
@ThomasMHanna And for-profit local banks are very good at other things. They are much better at small business lending than credit unions are. They are expert at weighing the soft info to see which risks are worthwhile bets...
@ThomasMHanna Credit unions are very good at certain things. Their ownership structure makes them great for personal loans, for example. Low cost, fair terms.
@ThomasMHanna To be clear, we need credit unions and independent banks, and we need public wholesale banks at the city or state level. There’s an ecology here.
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