TALLAHASSEE, Fla. — There are some inconsistencies in the disclosure documents that the $137 million Sunshine State Credit Union has supplied to members voting on the credit union's proposed charter change.
The CU is making a second attempt to become a mutual bank after withdrawing its 2003 application.
The inconsistencies appear in a paragraph on page A-3 of the credit union's disclosure documents, which discusses whether or not the members of Sunshine State will still be able to enjoy shared branching services should the members vote to change to a bank charter. Sunshine State participates in shared branching through a relationship with Florida CU Shared Services, which in turn is affiliated with Credit Union Service Corporation's shared branch network.
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