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Lafayette Conversion Vote Passes by Historically Slim Margin; Members Press Complaint About Balloting Irregularities

The $320 million Lafayette Federal Credit Union convinced the barest majority of its members to vote to support its proposed charter change, according to data Lafayette has supplied the NCUA.

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WASHINGTON — The $320 million Lafayette Federal Credit Union convinced the barest majority of its members to vote to support its proposed charter change, according to data Lafayette has supplied the NCUA.

According to the credit union, 5,092 members voted in the conversion balloting. This is roughly 31% of the almost 16,500 members the CU listed on record in its last call report. Of those 2,555, or 50.17%, voted to support the charter change while 2,537, or 49.82%, voted against.

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