Union leaders to pull funds from five banks, look to CUs

Union leaders to pull funds from five banks, look to CUs

ORLANDO, Fla. (4/25/11)--Labor leaders in Central Florida said Thursday they will pull their money out of five banks that support what they call "union-busting" legislation. Instead, they will move their money to community banks and credit unions. They also said they're advising thousands of union members to make the switch as well.

Unions representing police, firefighters, teachers and white-collar and blue-collar workers announced at a news conference they will pull funds from Bank of America, PNC, Regions Bank, SunTrust and Wachovia (Orlando Sentinel April 22).

Each bank is represented on the Florida Chamber of Commerce, which is advocating a measure moving through the state legislature that would prohibit state and local governments from collecting union dues through payroll deduction.

Those involved in the news conference lead the International Association of Fire Fighters; the Fraternal Order of Police; the American Federation of State, County and Municipal Employees; Service Employees International Union and the AFL-CIO.

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