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Debate Active At CUs Considering Conversion

SALT LAKE CITY & ODESSA Texas -- NCUA's policy of requiring credit unions considering conversions to facilitate communication among members about the conversion appears to have fostered strong debate about the topic at two CUs currently thinking about making the change.

By David Morrison | Updated on January 17, 2008

SALT LAKE CITY & ODESSA Texas — NCUA’s policy of requiring credit unions considering conversions to facilitate communication among members about the conversion appears to have fostered strong debate about the topic at two CUs currently thinking about making the change.

Member groups opposed to the conversion of the $187 million Beehive Credit Union (Salt Lake City) and the $114 million First Basin Credit Union (Odessa, Texas) show increases in activity on their Web sites and comments have begun to appear from members on stories in local media about the possible change.

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