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Beehive To Call It Quits As A CU

SALT LAKE CITY -- A majority of members of the $187 Beehive Credit Union who voted in its charter change balloting voted to leave their credit union charter and become a mutual bank, the credit union has reported on its Web site www.beehivecredit.com.

By David Morrison | Updated on February 21, 2008

SALT LAKE CITY — A majority of members of the $187 Beehive Credit Union who voted in its charter change balloting voted to leave their credit union charter and become a mutual bank, the credit union has reported on its Web site www.beehivecredit.com.

“We extend our heartfelt thanks to members who exercised their right to vote and look forward to maximizing convenience and continuing to provide high quality products and services to our members now and into the future,” wrote Beehive President Scott Jorgensen on the site. “The charter change will be completed as soon as practicable following the receipt of applicable regulatory approval from the National Credit Union Administration, Office of Thrift Supervision and Federal Deposit Insurance Corporation.”

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