Operation Choke Point (OCP)  has gotten a lot of publicity for forcing banks to drop companies that make or sell guns.  These two professions are not only legal but constitutionally protected.  Because of the publicity the Injustice Department headed by Eric Holder has had to look elsewhere to find a way to get banks to drop gun shops and manufacturers.  And they have.  It’s called National Credit Union Administration (NCUA), the government agency that supplies insurance to credit unions.  They now order the banks to drop the gun companies and they deny their actions have anything to do with OCP.

One astute gun shop owner, who was informed his credit union was dropping his account decided to confront bank officials while recording the conversations.  Wisconsin business owner Hawkins Guns owner Mike Shuetz went to the Heritage Credit Union and asked a manager why his account was being closed.  The answer is both shocking and alarming to those who are faithful to the constitution.

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Here is information supplied by one of my favorite sources, the Daily Caller:

Promising to get to the bottom of the account closure, Shuetz, who was in both the U.S. Army and Marine Corps and worked as a probation and parole officer, went to the credit union and asked questions.

He also recorded answers.

During those conversations, the Heritage Credit Union regional manager confirmed for Shuetz that NCUA examiners forced the account closures.

“The examiners from NCUA — that’s who governs us — it’s a federal government agency. They came in and did an exam on everything,” the manager told Shuetz.

“There was about a dozen crawling of them crawling around the building. And they were just hammering us.”

“So they came in, looked at our books, looked at everything and said “here are some accounts that we feel that we’re going to regulate you on,’” the manager explained, adding “so they kind of put the screws to us as far as what we could and couldn’t do.”

“Our hands were tied by it,” he said.

“We never used to have to do that stuff,” the manager told Shuetz, explaining that after a recent merger, “our asset size grew to over $250 million, and we’re your that size it triggers NCUA examiners then coming in and looking at you closer.”

Numerous gun and ammunition dealers, payday lenders, and pawn shops have claimed they were unfairly targeted by the regulation by Operation Choke Point. Ostensibly designed to fight consumer fraud, Operation Choke Point essentially threatens onerous oversight on financial institutions which do business with companies in industries listed as “high-risk.”

Gun and ammunition dealers are on that list.

But so far, few bankers have spoken up about how federal regulations force them to avoid doing business with companies in certain industries.

“We’re really not anti-gun as a company, but our hands are tied,” the Heritage Credit Union manager told Shuetz, adding that he is personally “very pro-gun” and that he has a concealed carry license.

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“This is just a back door way for those wanting to infringe upon your rights to keep and bear arms and is nothing more than discrimination to gun owners,” Shuetz wrote on Facebook when he first learned of Heritage Credit Union’s decision back in November.

Even if we are to believe what the NCUA said about not being part of OCP, then they need to show proof that gun manufacturers and gun shops create a level of risk not found in any other business.  If they can’t then they need to appear in court either as criminal or civil defendants (or both) for civil rights violations.

You can listen to the original audios here

Courtesy of Red Statements.