WASHINGTON – The Coalition for Credit Union Charter Options, a banker advised group which supports credit unions being able to change to mutual bank charters, has attacked the American Association of Credit Union Leagues’ report on the charter conversion issue. AACUL’s 65-page report, released last month, made many different recommendations in different areas for what the credit union industry as well as state and federal regulators and other organizations should do to help make sure credit union members know what’s at stake when a credit union converts to a mutual bank. “AACUL wants to empower every small group of dissident members that has an axe to grind, over any issue, and give them access to the rest of the membership. They also want to prohibit raffles, as if door prizes had never been used by credit unions to encourage member participation in the democratic process,” the Coalition said.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.