Imagine having no choice but to bring an offer from a bank to acquire your credit union to your membership.

You would like to tell the bank to get lost or keep dreaming, but you can't. You can't because credit union board members have something called a fiduciary responsibility.

Let's say a bank is offering a 20% premium on the credit union's capital and is willing to pay members a 20% premium on their individual capital. That's a very solid, fair offer and one that the board would likely have a fiduciary responsibility to bring to the membership.

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