NEWS FLASH

Goldman Sachs Withdraws From Credit Union Fundraiser After Learning Occupy Wall Street Was Being Honored Too | Earlier this month, the Lower East Side People’s Federal Credit Union in New York City held a fundraiser to celebrate its 25th anniversary. It just so happened that this the credit union many of the protesters at Occupy Wall Street (OWS) were using to store funds — and the protest group became an honoree at the dinner. When Goldman Sachs found out that OWS would be at the dinner, it pulled out of the event, along with its $5,000 donation. Despite the threat from the mega-bank to pull its money if OWS would be honored, event organizers decided to go ahead anyway. “Their money was welcome, but not at the price of giving up what we believe in,” said Pablo DeFilippi, associate director of member development at the National Federal of Community Development Credit Unions. “We lost their $5,000, but we have our principles.”