ODESSA, Texas — The battle over whether the $115 million First Basin Credit Union will see some new faces on the board in an upcoming election is growing progressively hotter.
Members of the credit union who opposed the CUs move to change to a mutual bank, which the credit union withdrew, have pressed the credit union to release information about the failed attempt. The members have also sought a date for a board election, which they claimed the CU bylaws set for March. The opposition members said are seeking to build a slate of candidates to run for any seats up for election.
But First Basin CEO Shem Culpepper blamed bitter former employees among the Save First Basin member group for the attempt to turn out sitting board members, according to an article in Odessa American, a local paper.
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Letty Moreno, one of the organizers of the group, acknowledged that she is a former vice president with First Basin weeks ago but denied she either wants a board seat or is motivated by revenge.
"I think that's the only thing at this point that Mr. Culpepper can use," the paper quoted her as saying in the March 7 story. "He cannot dispute our facts, so the only thing he can do is attack me personally."
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