Wells Fargo Given Ultimatum: No Business With NRA, Gun Companies Or…

By Dave Dolbee published on in News

The American Federation of Teachers (AFT) President Randi Weingarten is in negotiations to meet with Wells Fargo CEO Tim Sloan. The AFT’s purpose is to deliver an ultimatum regarding the bank’s ongoing financial support for the gun lobby and gun manufacturers. The AFT has publically taken the position that if Sloan continues Wells Fargo’s support of firearms businesses, the AFT will discontinue its popular Wells Fargo mortgage program offered to members.

Wells Fargo Bank red and yellow logo

Last week, the AFT released correspondence between Weingarten and Sloan. The release outlined the union’s concerns about Wells Fargo’s connections with the NRA—as well as its threat to stop offering Wells Fargo mortgages, if Wells Fargo continues being the NRA banker. The Wells Fargo mortgage program is part of the Union Privilege program and approximately 1,600 AFT members have opted for these mortgages annually.

More than 20,000 AFT members currently hold mortgages through the program. If Wells Fargo fails to budge, the AFT will urge other Union Privilege members to follow suit. The AFL-CIO was copied on the correspondence.

AFT President Randi Weingarten said: “The lives of students and educators must be valued more than guns. This is America—Wells Fargo has the right to be the NRA banker, but we have rights too. That’s why if Tim doesn’t ditch his guns business, we’ll ditch Wells Fargo. We are glad Tim wants to meet; but no words will dissuade us from our view that our society must value people over profits. We have a responsibility on behalf of our members and their students who face potential gun violence every day.

“We’re issuing Wells Fargo an ultimatum—they can have a mortgage market that includes America’s teachers, or they can continue to do business with the NRA and gun manufacturers. They can’t do both.”

I wonder how the members of the AFT feel about the move. I mean, did the membership vote for this? How many gun owners are by the default of their position members of the union, which is poorly representing their views based on the beliefs or politics of a few top leaders?

What do you think Wells Fargo CEO Tim Sloan should, or will, do at the meeting? Will this affect your banking relationship with Wells Fargo in the future? Share your answers in the comment section.

Tags: ,

Trackback from your site.

The mission of Cheaper Than Dirt!'s blog, "The Shooter's Log," is to provide information-not opinions-to our customers and the shooting community. We want you, our readers, to be able to make informed decisions. The information provided here does not represent the views of Cheaper Than Dirt!

Comments (436)

  • JimmyinTEXAS

    |

    How many NRA members have a mortgage with Wells Fargo? I do and will be refi-ed within a week if they cave to this snow-flake attack.
    Google: The Grab For Power A Chronology of the NEA(National Education Association)

    Reply

  • Bill

    |

    Mark Robinson of Greenboro, NC has said it best! His speech before the City Council should become a part of all law abiding gun owners response to the left. The youtube clip should be sent to Wells Fargo and the AFT leaders and membership! https://youtu.be/6dZn0D_9VY8

    Reply

  • DarthVaderMentor

    |

    Wells Fargo drops the NRA and gun manufacturers, I drop Wells Fargo and I know I am a much more valuable customer than 10 maybe even 50 teachers.

    Reply

  • george w doby

    |

    Wells Fargo needs to tell the efen union to go suck eggs. they will lose more money from gun owners leaving them than they will ever get from these commiefascists teachers union

    Reply

  • joefoam

    |

    Yet another example of leftists tactics to stifle dissenting opinion. An these are the people educating our children.

    Reply

  • Mitch

    |

    I have a mortgage with Wells because that’s who bought it. If they give in, I’ll ditch them as soon as rates settle down again.

    Their response to this Liberal organization should be simple…

    “We don’t negotiate with Terrorists”

    Reply

    • Steve S.

      |

      I completely agree with your sentiment, Mitch. It seems that these days, every idiot with an axe to grind claims to speak for everyone else they associate with and try to force their will upon others; in this case it is the FTA trying to control Wells Fargo, Randi Swinegarten, go peddle your bullying somewhere else! Why not try to bully your union members and see how long you will stay in your gilded orifice.

      Reply

    • G

      |

      Exactly Mitch, like i mentioned futher down … Wells Fargo choose wisely.

      Just a side note … so if this happens and Wells Fargo folds, what will be the long standing policy going forward? Because if they start screening applicants for martgages or loans by what groups they belong to, or support? I am quite sure that will effect even more constitutional rights, and thats a can of worms that NO ONE whats to be opened. Just sayin

      Reply

  • Alan

    |

    As much as I dislike WF their bending to this socialistic regime’s demands are childish to say the least.
    Unions killed the Australian Auto industry, the NSW state dockyard, BHP now Billington, coal mining, stevedoring activities and probably a few more I am unaware of.
    Union leaders have high salaries, expensive cars, high end homes all on the backs of the workers who they are supposed to represent.

    BEWARE America, unions will be the country’s nemesis.

    Reply

    • El Mav

      |

      WF hasn’t bent. Did you not read?

      Reply

    • Tom Larkey

      |

      Unions, the nemesis’s of our country?
      Sounds like another uninformed lib rant with no facts except for what they believe
      The Union was the best decision I ever made
      The medical benifits are what the country’s standard should be and the wage given is that which a family can be raised on, on a single income

      Reply

  • TONY M

    |

    WELLS FARGO REMEMBER THE OLD DAYS WELLS FARGO USED TO HAVE A SECURITY OFFICER RIDE THE COACH ARMED WITH A SHOTGUN. HIS PURPOSE WAS TO PROTECT THE PEOPLE AND GOODS BEING TRANSPORTED. NOTHING HAS CHANGED EXCEPT THE CRIME RATES. TEACHERS ASSOCIATION SAYS THEY WISH TO TEACH THE STUDENTS THEN TEACH THE STUDENTS AND STRONG ARMING A LENDING INSTITUTION! STAY IN THE SCHOOLS!

    Reply

    • barry

      |

      AMEN

      Reply

  • Carmine

    |

    This is absolutely insane! Wells Fargo should tell the AFT to worry about providing a decent education to students, and leave banking to professionals! I guess the AFT have no pro gun members, and if they do, these people have no say in the matter, or are cowed into submission! I have been banking with WF for years, and if they fold to AFT, I will be closing my accounts, and finding a bank, that does banking, and not social justice PC trash!

    Reply

    • G

      |

      LOL … wow this has really gotten out of hand. Money is green, does not matter who has it be it teachers, policeman, politicians, banks, workers, etc … to start this crap about making banks choose to fight for a cause be it wrong or right is disasterous. The only entity that is really going be effected by idiotic ideas like the stated above is Wells Fargo … LMAO … all I can say is well … Wells Fargo, choose wisely. Oh and then remind the teachers to make sure that any investment portfolios they or the institutes that provide/manage a pensions (if applicable) for them also remove Wells fargo and any and all partners from said investments, so they can truly make a stand. Whats next. Great Post Carmine!

      Reply

  • picrthis

    |

    Well looks like teachers are way over paid if they got time for this nonsense, I think I’ll discontinue paying my school tax until teachers get a pay cut. I will Vote in the future for any bill or legislation that takes away from schools….reap what you sow!

    Reply

Leave a comment

Your discussions, feedback and comments are welcome here as long as they are relevant and insightful. Please be respectful of others. We reserve the right to edit as appropriate, delete profane, harassing, abusive and spam comments or posts, and block repeat offenders. All comments are held for moderation and will appear after approval.

Time limit is exhausted. Please reload the CAPTCHA.

%d bloggers like this: