Columbia Credit Union Expels Members Who Fought Bank Conversion
VANCOUVER, Wash. -- Members of the $725 million Columbia Community Credit Union voted to expel the two board members and one supervisory committee candidate who belonged to an organization that led the CU's resistance to a move to change its charter to a mutual bank in 2003.
Robert Schafer, lawyer for the Save Columbia Credit Union organization, said that just over 1,200 votes were cast in a three-hour period even though roughly only 250 people attended the full special meeting to discuss the pending expulsions. Cathryn Chudy and Kathryn Edgecomb were removed from the board and expelled. Lloyd Marbet was removed from the supervisory committee ballot and expelled.
The three were the sole remaining members of the Save CCU organization still on the board. Other members of the organization later severed their ties to the organization.
The expulsions came after a long round of fighting on the CU board and legal battles, one of which is still ongoing.