Retired engineer Bob Marinace was a co-founder of the group that led the successful effort to stop Technology Credit Union's bank charter move.
Bank conversion rejected, dissident members now polling on Facebook about possible board recall effort.
Fifteen members of Technology Credit Union rallied Aug. 15 outside the credit union’s San Jose, Calif., headquarters to show their opposition to the credit union’s proposal to change to a mutual bank charter.
Fifteen members of the roughly 70,000-member Technology Credit Union rallied for two hours Wednesday outside the credit union's San Jose, Calif., headquarters.
Rally this afternoon in front of San Jose, Calif., headquarters.
Already noted for using novel arguments in favor of moving from a credit union to bank charter, the 69,000- member $1.6 billion Technology Credit Union has also introduced a new approach into the question of how member communications in converting credit union should be handled.
Technology Credit Union is using tracking technology in emails it sent to members about its proposed bank conversion at the request of two members.
Two Technology Credit Union members have joined forces to fight the potential coversion to a bank charter. Carlos Rodriguez and Robert Marinace announced July 18 the creation of “Save TCU,” a group to organize other members opposed to the move.
Members opposed to the proposed conversion of Technology Credit Union from a credit union to bank charter are combining their efforts.
Carlos Rodriguez said he did not join the credit union only to oppose the credit union's attempted conversion to a mutual bank charter.