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KENSINGTON, Md. — As has been the case in recent attempts to convert credit unions to mutual banks, the effort to convince the members of the $332 million Lafayette Federal Credit Union to change charters seems headed for a recall fight. Members questioning the proposal from Lafayette to convert first to a mutual and then adopt a stock-issuing structure are circulating a petition calling for a special meeting at which some or all of the board members could be recalled. The credit union is still in the early part of the balloting process. The petition asserts a lack of response to members’ questions and a request to view records and minutes related to the conversion as the reason for the petition. “Answers to the questions presented and a response to the demand to inspect the records have not been forthcoming, in spite of repeated requests to the directors and chief executive officer for such answers,” the petition states.

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