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Campaign Season - First Member-To-Member Letters Inaugurate New Era In CU-Bank Conversion Fight

For the first time ever, members whose credit unions are seeking to convert to bank charters have been given the chance to hear from the credit union leadership that backs the conversion and other CU members who oppose it.

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SALT LAKE CITY and ODESSA, Texas — For the first time ever, members whose credit unions are seeking to convert to bank charters have been given the chance to hear from the credit union leadership that backs the conversion and other CU members who oppose it.

Beginning in early January, the more than 22,000 members eligible to vote in Beehive’s upcoming conversion balloting received both communication from members opposed to the conversion and another communication from Beehive’s leadership. Beehive Members Protecting Member Interests, the group of members opposed to the conversion, responded to the second letter on their Web site www.protectbeehive.com.

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