Bank conversion rejected, dissident members now polling on Facebook about possible board recall effort.
Seventy-seven percent of voting members cast ballots to remain a credit union.
Argument is over whether the $1.6 billion Technology Credit Union should be forced to share member contact information with conversion opponents.
Results tabulation from member meeting and mail balloting conducted simultaneously then to be reported to NCUA.
During this season marked by expensive, negative and continuous campaign ads and hyper-inflated rhetoric, waxing political seemed appropriate.
I just spent a vacation in Virginia. The blaring, nonstop attacks of the candidates on each other were completely obnoxious. I couldn’t have been happier to return to Maryland, which is not considered a swing state in this election. During this season marked by expensive, negative and continuous campaign ads...
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.