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personDon't believe everything you thinkThe liminal spaceVeteran
edited June 2018
I think the devil has to be in the details. There isn't anything inherently unethical about running a business. Credit Unions are generally more concerned about their members than traditional banks. To me, if done right, which by the looks of @federica 's post it may not be, is probably a positive addition to the material world.
ETA: my reading of fed's article is that the Shambala credit union was tangled up in fraud as a victim in part of one criminal's activity and not a perpetrator.
serves the national and international Shambhala sangha including: Shambhala Centers, Shambhala Training, Naropa University, all the various organizations associated with the founder, their employees and family members
I don't see a problem. Credit unions are not-for profit organizations, unlike banks. Credit unions are not for making money. If you want to make money, you open a bank, not a credit union. Naropa University is way better off keeping their funds with their own organization's credit union then they ever would be with any bank.
Comments
Another way to fleece the faithful?
I coincidentally saw the ad on one of their pages which was talking about Dana. Of course.
Oooh-er....
I think the devil has to be in the details. There isn't anything inherently unethical about running a business. Credit Unions are generally more concerned about their members than traditional banks. To me, if done right, which by the looks of @federica 's post it may not be, is probably a positive addition to the material world.
ETA: my reading of fed's article is that the Shambala credit union was tangled up in fraud as a victim in part of one criminal's activity and not a perpetrator.
Capitalism ruins everything, even spirituality.
With a spreadsheet perhaps.
I wonder if they offer special loan rates if I want to buy a lama? 
Come to think of it ... ? All the imaginary lamas, Buddhas and Bodhisattvas I keep in a cupboard are dead and Free. ?
http://www.wellhappypeaceful.com/buddhist-banking/
I hear Jesus Saves ... ?
https://en.m.wikipedia.org/wiki/History_of_banking
But Moses invests....
... and Buddha begs
...your pardon
I don't see a problem. Credit unions are not-for profit organizations, unlike banks. Credit unions are not for making money. If you want to make money, you open a bank, not a credit union. Naropa University is way better off keeping their funds with their own organization's credit union then they ever would be with any bank.