DEARBORN, Mich. — The $1.8 billion DFCU Federal Credit Union has said it is disappointed with Michigan Judge Cynthia Stephens decision for some of its members and against the CU in a long running legal dispute.

Three members sued the credit union in 2006, seeking to force it to hold a special meeting at which some or all of the board members who had supported a conversion attempt to a mutual bank charter could be recalled. They also sought to force the CU to let them examine records related to the conversion attempt and the money spent on it. The court's decision agreed with the members on both these points.

In a statement about the decision, DFCU pointed out that the court had not considered how event have to some extent passed over the controversy.

“DFCU Financial is disappointed by and disagrees with Judge Stephens' decision, which fails to take into account events that have occurred since the lawsuit was filed in 2006. In particular, eight of the nine directors named in the recall petition have either resigned or been reelected by the membership since 2006.

DFCU Financial will continue to evaluate the Court's decision and the appellate and other options available to it.”