STRATFORD, Conn. - Sikorsky FCU, which has applied to become the first federal credit union in the state to convert to a state charter (CU Times, May 3) has now filed an amendment with State Banking Commissioner John Burke's office to expand the field-of-membership of its pending application which already includes a statewide FOM with the specific exclusion of the existing FOM's of 11 smaller state-chartered credit unions. The amendment filed June 26 adds to that FOM, "Out-of-state employees of current select employee groups and employees of this credit union, persons retired as pensioners or annuitants from the above employment, members of their immediate families, households, and organizations of such persons." At a public hearing held in early June, representatives from the state's credit unions voiced their opposition to the proposed charter. At press time, Dave Tedeschi of the commissioner's office said Burke has given no indication when he'll decide on Sikorsky's charter conversion and FOM application.
Sikorsky FCU files to expand FOM reach of proposed state charter
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