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SALT LAKE CITY — The leadership of the $177 million Beehive Credit Union has become the latest in the nation to declare that it will try to convert to a mutual bank charter. Should the 53-year old credit union’s members agree with the conversion, Beehive will become the 32nd credit union in the country to make the switch, according to data collected by CU Financial Services, a consulting firm that helps credit unions change to bank charters. The CU’s leadership told members that it was contemplating making the charter change at the CU’s annual meeting held on Saturday, March 3. The CU told members that making the charter change would help the credit union move past the restrictions on state chartered credit unions that were included in a 1999 law.

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