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

Wells Fargo Bank red and yellow logo

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.

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 (454)

  1. Personally I don’t care what aft wants. I never heard of them till this article.

    If wells Fargo values customers & their safety. They will not cave in.
    As this is just a political agenda for Soros and the democrats.

    I respect the police but I can not count on them. As I know it’s impossible for them to fit in my pocket and protect myself or my family.

  2. I wonder if the Teachers Union leadership consulted with their members? I know a lot of teachers who are also gun owners.

  3. We all have to stick together and shut down this onslaught of communist aggression to our Constitution. Why is it they are constantly getting their word out and we the People are kept silent? We must fight back before it is to late.

  4. You know it’s hard to believe that an American citizen would be willing to give up any rights. I’d like to be around when somebody decides they want what you have and you have absolutely no way of defending yourself. By the time the police get to you they will be doing investigation on what happened . It would never be they arrived and saved your life or stopped the beating that you just got. Wise up Brother before it’s too late. Just because you’re afraid of guns that doesn’t mean everybody else is. Properly trained people are the best thing since sliced bread in a gun situation. They never write a report on how many lives are saved because the home owner or the person was armed.

    1. recently published studies by the CDC peg the number of dgu’s at 500k to 3mm per year, but you won’t read that anywhere

  5. Wells Fargo will be the target of a gun owners boycott if they cave in to the teachers union
    Yeti just decided not to sell products to the NRA
    Everyone needs to buy Coleman products instead

  6. Public money pays these “teachers” and we feel that it is way past time public servants have the right to union organization. We will be pulling all monies from Wells Fargo if this decision stands. We are urging everyone to contact congress and end collective bargaining for public servants…it is high time these people learn their place.
    George McCall CEO Uncle George’s Guns
    President and founder of H.A.P.I.
    Owner and President of Tailz A Wagon mobile pet grooming

  7. I just have to laugh at you silly fools. Wells Fargo has shown just how powerless the NRA really is. The no compromises attitude has alienated the majority of Americans who don’t own guns, or give a rodent’s hindquarters about the 2A. Given that the NRA’s choice to spit in the face of any gun owner who wasn’t a Republican has made even gun owning Democrats it’s enemy, we will destroy the NRA.

    1. Spoken like a true “COMMIE” aka socialist. Arm yourself with the facts instead talking out of your “ASS”

    2. Why yes, I am what you would consider a commie, and I’m well armed with the facts. Even a right-wing extremist like Scalia recognized that there are no unlimited rights, even the 2A, and in “Heller” wrote that the 2A would not prohibit licensing, registration, or even a ban on assault rifles. So don’t worry, once the Democrats take back the House and Senate in November, expect to see them passing all sorts of gun control, and letting the Orange Fool know that he will be impeached if he vetos it.

      Oh, and I’m a leftist, not a liberal. I’m well armed in other ways as well. Marx was quite clear that the proletariat needs weapons if it is to seize the means of production and destroy the capitalist system.

    1. What a joke! You right-wing nut-jobs have been huffing so much Hoppe’s #9 that your brains have started to rot. You dweebs could not even get Wells Fargo to stand by the NRA when the AFT called them out. Expect more pressure on all businesses that deal with the NRA, and more caving to threats of boycotts from the majority of Americans who are sane, and consider the NRA to be nothing but a domestic terrorist organization.

    2. By the way, maybe if you had paid attention to teachers earlier, you would know the difference between their and there, and where to use each!

  8. The AFT should stop trying to threaten businesses for their own agenda.Why do these groups think they have the right to tell someone how to run their business. If the gun laws that are on the books are followed as intended, most of these tragedies could be prevented. When the local police and the feds don’t do their jobs, why should law abiding citizens be punished.

    1. Funny, why do you gun nuts think you have the right to call for boycotts of private businesses who exercise their rights, and tell people carrying concealed weapons that they are not welcome on the premises? Oh, that’s right. You right-wing nut-jobs only support people voicing their opinion when it’s your opinion too. I can dig that. As a Socialist, I think everyone who supported Trump belongs in a re-education camp.

  9. 20,000 AFT members or over 5 million NRA members who can also boycott Wells Fargo really should think this over

  10. The NRA is a good organization. It promotes and teaches firearm safety and needs to exist. I am a Wells Fargo customer and an NRA member.
    I’m asking Wells Fargo not to cave to this blackmail sort of tactic.
    Compare 1600 mortgages to the millions of dollars that flow in to WFB. do the math

    I have been a Wells Fargo customer for over 20 years. I have a mortgage, my direct deposit from 22 years in the USMC, and a few credit cards with them.Don’t roll over for the AFT!

  11. The NRA is a good organization. It promotes and teaches firearm safety and needs to exist. I am a Wells Fargo customer and an NRA member.
    I’m asking Wells Fargo not to cave to this blackmail sort of tactic.
    The AFT is clearly uneducated in this mater.

  12. I have been a Wells Fargo customer for over 30 years. I have a mortgage, my direct deposit from 32 years in the Army, and a few credit cards with them. It may be time to look elsewhere. If they don’t want me, I guess I may not want them.

  13. Hoorah yes what Joe V said. In fact not only stop teenagers from driving and texting also stop them from driving and drinking.

  14. The NRA has been targeted for destruction for a simple reason, they are a danger to the American people. They chose to become a partisan political organization, and support one party over another. They committed treason and election fraud by laundering Russian money into the 2016 election, and supported Putin’s racist puppet Trump. They have sealed their fate.

    Once the Democrats take back the House and Senate in November, expect the NRA, and its members, to be treated as enemies of the American people. Expect extensive investigations of the NRA and its violations of election law. More importantly, expect to see real gun control measures that require licences and registration for all firearms, and a complete ban semiautomatic rifles, and a ban on semiautomatic pistols that have a magazine outside of the grip. We will ban all your favorite toys for no other reason than to punish you. Oh, and of course failure to comply will be grounds for your arrest and imprisonment. Don’t forget, we’ll know who to raid by all the Moron Lube comments you folks have made on Facebook.

  15. I do not understand why the NRA is being vilified. They represent proper gun use and safety and do not support illegal criminal gun use. I have been a long standing Wells Fargo customer the last twenty years. If they bow to this type of pressure, then I will be taking my banking business elsewhere. When are these anti-gun people going to realize, that the guns are not the problem…the problem is a cultural change in young people. The governor of Kentucky states it wisely in this short video:

    1. The governor hit the nail on the head. I can just see the woman in the crowd smirking and rolling her eyes when he was making valid points, but because he was not saying what she wanted to hear, she tried to stifle him and his comments.

  16. Wells Fargo should stick to business, not politics. Some teachers are NRA members, some are anti-gun. As I see it, little to no discussion of the real cause of school shootings has been done since Columbine, and there are multiple causative factors in common. It is always just rush to blaming an inanimate object, the gun.School will not be safe ever, until that real study and discussion happens. Teachers are rushing to judgement, as is Wells Fargo if they don’t become an entity calling fro true study of classroom psyco. abuse, psychotropic drugs used on students, teacher led values clarification, which includes there is no right and wrong, and more – all common to all the shootings.

  17. Mr Randi Weingarter president of the American Federation of Teachers (AFT) needs to put his efforts into improving teaching, like READING, WRITING, and U.S. History. Stay out of politics. Remember if the FBI, Local police department and especially the Parkland School system had done their jobs this would not of happened. The school system was more interested in making themselves LOOK GOOD. How about the AFT encourging student to be put on prescription drugs to settle them down. I had experience when my son was young, thank goodness we had a real teacher who knew how to deal with him. He turned out to be a very happy and successful man. NO Drugs. Why don’t you look into the one common thing these shooters have in common. Stop being a bully by pushing. your agenda. WF, I just left Citigroup and took all my business to your bank due to your logical thinking of leaving this up to the lawmakers. Stay in the banking business and out of pushing an agenda.

    1. Thank you Arnold! I agree with you completely! If Wells Fargo decides to allow this teachers union to BULLY them, then I and my family and our businesses will pull out of Wells Fargo. And if Wells Fargo decides to jump ship with law abiding gun owners and the NRA who does more for gun safety and training than any organization, then WELLS FARGO better get rid of ALL ARMED GUARDS in their banks! And these teachers well, they better DEMAND any Law Enforcement officer they call for help to be UNARMED! I stand with the NRA and the 6 Million plus law abiding gun owners who are Patriots standing up for America! Thanks again for your comments Arnold!

  18. I, too am a customer of WF. I am a Benefactor Member of the NRA. I have almost $400000.00 with them in my businesses. I would drop them in a heartbeat if they give in to the “aft”. Who would be the next little union that would want them to give in for something else. I just wonder how many of their members feel this way.

  19. Sorry Dave…. that was a general comment not directed at you… for some reason my phone replied to your post, sorry…

    I’m with you though, I’ll pull my accounts too…I’m already workng on pulling my BOA ones after their stance.

  20. I have been with Wells Fargo for over 20 years but have been an NRA member for closer to 30 years so if Wells Fargo crumbles I will be taking my business elsewhere.

  21. I agree with Cpt Deano. I too have my biz and personal accounts at WF. If they buckle, someone should organize one of those online petition sites and shows WF that they have a lot of customers that would drop their accounts if WF caves to the bullying.

  22. Wells Fargo should not be in the business of its customers… they are a bank and Thai what they should do… not playing games with the unstable… that’s on both sides of the fence… the educators need to figure how they should educate the kids in their schools to be good citizens instead of kids that bully and hurt others. They are pushing the responsibility off on others instead taking responsibility for the actions of the kids in there schools. There many different views and this why Wells Fargo should just be a Bank not political figure… I have banked with WF for a long time and if they stay as a bank I and many others will keep banking with you.

  23. Let them (AFT) leave, it’s a free world. I don’t cotton to ideology threat’s. My guess, there members of AFT that are NRA supporters. Remember, “Guns don’t kill people. People kill people.”

  24. I have three residential mortgages and looking to take on a 4th. Currently I am going through the SBA process with Wells Fargo. I will stop all business with any company that refuses to support my rights. The left is waging a war on anyone that opposes their views, it’s time we do the same. Mys WF mortgage broker is KEVIN Kendall just so WF knows I’m serious. We are talking over 1 million in loans to date with another 1million in planning. I will ask the NRA which banks support our 2nd amendment rights and use their services.

  25. “The AFT’s purpose is to deliver an ultimatum regarding the bank’s ongoing financial support for the gun lobby and gun manufacturers.”
    Interesting; I wonder who this AFT president thinks produces firearms for our military. When these manufacturers win a military contract, they often need to borrow (big $$) funds to ramp-up production to fulfill their contractual obligations.
    I suppose he/she thinks our military already has enough arms and will never need more because you know, they never wear out, technology never moves forward, and we will never increase our troops. Our enemies must love this rational
    Excellent point Dave. Will we put the arms manufacturing business out of business?

  26. Just like all unions, the thugs in control are making decsiions that promote their agenda and not in the best interest of the members. They are ending a program that will cost all people in the union who would like to use the program instead of letting each member choose if they want to save money or virtue signal.

  27. Not surprised. Al Shanker’s acolytes have always been a subversive bunch. Since Vietnam, they have always moved to undermine the core values of American and, in great measure, have succeeded in our school system. Now, they are using the current tragedies to fertilize their field of subversion by trying to isolate the NRA, the prime supporter of our 2nd Amendment. Their theory: Take the NRA down and the 2nd Amendment will be just memory. It’s time to decertify the AFT and declare it a anti-American organization on par with the Communist Workers of America, aka Working Families Party

  28. I have all my personal and business accounts with Wells Fargo and I just hope for our relationship that they have the backbone to tell the ATF to stay out of private business and quit trying to bully everyone. I am not trying to threaten or bully Wells Fargo but I just want them to know that there are a lot of their customers that have accounts with them that do stand by our second amendment rights. As everyone already knows it isn’t the guns that kill it is the people behind them that kill.

  29. First off to the person attacking Unions, I am sure that not 100% of the Union members supports the AFT’s stance. It would be a decision by vote, duh! Second, as a WF customer and a USW member, I will leave WF if he crumbles to the pressures of the teachers opinions. Let’s face it, based on what we see in news, teachers can’t afford mortgages anyway.

    1. Leave the banks alone!!! They struggle enough as it is. This whole thing is being way out of control. Why is forcing companies to discriminate against one group or another okay????

    2. Sorry Dave…. that was a general comment not directed at you… for some reason my phone replied to your post, sorry…

      I’m with you though, I’ll pull my accounts too…I’m already workng on pulling my BOA ones after their stance.

Leave a Reply to J.D. Cancel reply

Your email address will not be published. Required fields are marked *

Time limit exceeded. Please click the reload button and complete the captcha once again.

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.