Members of Technology Credit Union voted to reject a proposal to convert their institution to a mutual bank.
Seventy-seven percent of voting members cast ballots to remain a credit union.
Rally this afternoon in front of San Jose, Calif., headquarters.
Mobile banking is growing twice as fast as online did in its early days. That and more in this week's Mobility Matters by Robert McGarvey.
As annual meeting convenes, California credit union says it's awaiting NCUA clearance on disclosure materials.
This online only article accompanies the comprehensive looks at the year gone by in the Dec. 21 Year-in-Review print edition of Credit Union Times.
Silicon Valley CU first in the nation to enable real-time, P2P payments from ATM.
Technology CU members will determine what they want in their CU's future; Bank of America has fiduciary duty to recoup interchange losses.
The board of directors of $1.5 billion Technology Credit Union has written the CU's 74,000 members that they may be better served by converting the credit union to a bank.
When Technology Credit Union posted its announcement that it was exploring a conversion to a mutual savings bank, CUNA and the California Credit Union League made some noise. CUNA CEO Bill Cheney said his organization feels credit unions are the best providers of service to consumers.