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With a Whimper Think Members Narrowly Vote to Become Bank Depositors; Reaction Muted

By a margin of only 2%, the members of the $1.2 billion Think Federal Credit Union have voted to stop being owners and members of a credit union and instead become depositors in a mutual bank.

By David Morrison | Updated on March 27, 2007

ROCHESTER, Minn. — By a margin of only 2%, the members of the $1.2 billion Think Federal Credit Union have voted to stop being owners and members of a credit union and instead become depositors in a mutual bank.

The vote was 51% to 49% in favor of converting.

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