Conversion Coalition Looking to Build Members
SANTA ROSA BEACH, Fla. -- The Coalition for Credit Union Charter Options is looking for new members.
The group, led by those in favor of allowing for mutual savings bank conversions, has not revealed its membership composition.
Now the coalition has posted forms on its Web site inviting individuals and credit unions to sign up. The individual pledge form does not include any recommended donation amount. The corporate pledge form includes recommended donations of $25,000 for CUs of over $1 billion in assets, $15,000 for CUs of between $500 million and $1 billion, $10,000 for CUs of between $200 million and $500 million, $5,000 for CUs between $100 million and $200 million and $2,000 from CUs of $100 million in assets or less.
Coalition Executive Director Lee Bettis has not yet responded to inquiries into how many individuals or credit unions have signed up, and, of those, how many have checked their box on the donation form allowing the organization to release their names.