Green Room

NEA Also Looking to Ditch Bank of America

posted at 4:56 pm on August 13, 2012 by

The Wall Street Journal reported that the Democratic National Committee will begin moving its finances out of Bank of America and into union-owned Amalgamated Bank.

The National Education Association has long had a financial relationship with Bank of America. Hundreds of thousands of NEA members hold B of A credit cards, many of them through NEA’s Member Benefits program. Some members have criticized on a political basis the union’s partnership with the bank, but NEA officers publicly defended it, and the union has taken some liberal heat for siding with big banks in the past.

But NEA is floating with the tide now. Sources within the union tell EIA that NEA is in negotiations with B of A to transfer its credit card customers to a different provider.

The loss of the NEA credit card will affect B of A’s bottom line, but it may also affect NEA’s bottom line. Banks pay for the privilege of access to union members and to have the union’s endorsement.

Recently in the Green Room:



Trackback URL


Wow, it really is “look for the union label” on everything with these cockroaches.

Bitter Clinger on August 13, 2012 at 5:20 PM

“Amalgamated Bank”? Seriously? I have to wonder if the owners of that bank ever read Atlas Shrugged. All the incompetent businesses were named things like “consolidated”, “united”, “associated”, and, yes, “amalgamated.”

Paul Ryan ain’t kidding when he says we’re living in an Ayn Rand novel…

Mohonri on August 13, 2012 at 5:22 PM

Does that mean there will be Amalgamated Bank branches and ATMs all over the place soon?

I didn’t think so.

pedestrian on August 14, 2012 at 1:03 AM

HotAir — Politics, Culture, Media, 2017, Breaking News from a conservative viewpoint

The battle for the rubble of Raqqa is underway

Andrew Malcolm Jun 23, 2017 8:51 AM
Top Pick

Won’t be much left.

Top Pick

Your list of demands it a publicity stunt

“what happened that day was emblematic of a deeply troubling trend among progressives…”

“The jobs are still leaving. Nothing has stopped.”

Bad vendor. Bad! No cookie!

“The Corps is just starting to grapple with the issues the court has identified.”

“So you want me to sing my praises, is that what you’re saying?”

Why would we possibly want that?

“I mean he sold our country to The Russians.”

I could think of someone else you might want to ask about…

“You can ask a hundred people what hate speech is and you get a thousand different answers”

Trump: I never made any recordings of Comey

Allahpundit Jun 22, 2017 2:01 PM


Hackers stole private data from election databases

John Sexton Jun 22, 2017 1:21 PM

“90,000 records stolen by Russian state actors contained drivers license numbers”

Failure to protect the city

Big man on the Middle Eastern campus

Biased Americans see media as biased.

Tough times down on the liberal ranch

Will Nancy Pelosi survive this latest Dem disaster?

Andrew Malcolm Jun 22, 2017 8:41 AM

Eat quick, before it’s gone.

Slow your roll, boss

“I’m bothered by the lack of emerging evidence…”

FIrst look at the Senate health bill

John Sexton Jun 21, 2017 9:21 PM

“the Senate bill would go farther than the House version in its approach to cutting Medicaid spending.”

Divide and conquer?

“If we do nothing, more companies will back out and more people will lose coverage.”

You know, I may have cracked the case for you, guys

“They’re still running against her and still winning races.”

“…the suspect is from Quebec and has a Canadian passport.”

When the Left lost their way on immigration

Jazz Shaw Jun 21, 2017 2:41 PM

It wasn’t all that long ago, really

“I personally watched some of these students go up to Chief Brown, right up to her face, and call her all kinds of names, cursing at her.”

Did the Queen “nix” a Trump visit to London?

Jazz Shaw Jun 21, 2017 12:41 PM

More like wishful thinking on the American left

Sometimes it’s hard. This was the hardest part

Did the polls get the Handel/Ossoff race wrong?

Allahpundit Jun 21, 2017 11:21 AM