{"id":29414,"date":"2024-03-06T06:00:08","date_gmt":"2024-03-06T12:00:08","guid":{"rendered":"https:\/\/bankbeat.biz\/?p=29414"},"modified":"2024-03-19T10:06:11","modified_gmt":"2024-03-19T15:06:11","slug":"seven-tips-for-community-banks-to-prepare-for-union-organizing","status":"publish","type":"post","link":"https:\/\/bankbeat.biz\/seven-tips-for-community-banks-to-prepare-for-union-organizing\/","title":{"rendered":"Seven tips for community banks to prepare for union organizing"},"content":{"rendered":"
As unions aim to organize new industries, financial institutions have not been immune.<\/span><\/p>\n In 2022, the Communications Workers of America (CWA) won an union election at Genesee Co-Op in Rochester, New York \u2014 the first credit union to organize in decades. Shortly after, Lake Michigan Credit Union followed suit. Then, the CWA managed to garner enough support from employees at Wells Fargo\u2019s retail branches to file six union representation petitions.\u00a0<\/span><\/p>\n In December 2023, Wells Fargo bankers, tellers, and bank coordinators voted \u201cyes\u201d to the union, making it the first retail bank with a bargaining unit in over 40 years. Once a roughly untouched industry in the organizing realm has now become a wealth of untapped potential.<\/span><\/p>\n Community banks need to stay alert.<\/span> Companies that once believed they were immune to organizing now endure the consequences (Starbucks, for example). What do you in the banking industry need to be aware of as the organizing wave makes its way to your doorstep?<\/span><\/p>\n