Opinion letter from state regulators provides apparent authority for Technology Credit Union to pursue conversion to bank.
Carlos Rodriguez said he did not join the credit union only to oppose the credit union's attempted conversion to a mutual bank charter.
The 70,000-member, $1.7 billion Technology Credit Union of San Jose, Calif., has broken new ground in its attempt to convert to a mutual bank charter.
Entrepreneur said he was told of plans when he went in to open an account.
Technology Credit Union is offering members a chance to win more than $15,000 in cash and four iPads as an inducement to vote.
Some places in the U.S. still have vibrant housing markets.
Depositors at Coastway Community Bank, a $310 million bank in Cranston, R.I., that used to be Coastway Community Credit Union, approve mutual holding company.
Educational Systems and Montgomery County Teachers similar in size, have long geographic, people ties.
The proposed buyout by GFA Federal Credit Union of a troubled New Hampshire savings bank continues to generate industry interest but with a pivotal question: Can the credit union and bank clear the legal hurdles with the NCUA, the Comptroller of the Currency and the FDIC.
Maryland Bankers Association head says credit unions that pursue mergers should consider becoming banks.