For these credit unions, it’s Halloween 365 days a year.
by: Drew Grossman
Black Lagoon Employees Credit Union:
Founded in 1954 by a small group of marine biologists, the credit union is a tragic example of the danger of not having a diversified membership. Shortly after founding Black Lagoon, most of its original membership disappeared during an expedition in the Amazon to search for evidence of the half fish, half man creature known as Gill-man. Unfortunately The Reckless Science Company was the credit union’s only SEG and made up almost its entire membership. According to Callahan & Associates Peer-to-Peer analytics the credit union experienced negative 90% membership growth between 1954 and 1955. Even with its rapid member loss, people in the know believe the credit union still exists. The NCUA does not confirm or deny the possibility of a Black Lagoon Employees Credit Union.
Writer’s note: In the interest of full disclosure it should be noted, the writer of this piece grew up near the filming location of Creature From The Black Lagoon, a fictional movie based on the true experience of Black Lagoon Employees Credit Union.continue reading »