In September, members of Technology Credit Union voted resoundingly to reject a proposal to convert their institution to a mutual bank.
Members of Technology Credit Union voted to reject a proposal to convert their institution to a mutual bank.
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.
Credit union hiring bank executives before vote to become bank.
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.
Rules require credit union to email arguments to other members, with some conditions attached.