LOS ALAMOS, N.M. — Even though the credit union regulator for New Mexico has been unresponsive to their complaints, a member of the supervisory committee of the $314 million Del Norte Credit Union has met with a senior level regulator.

Charles “Chuck” Monta??o, an auditor with the government of the state and a member of the Supervisory Committee had been seeking a meeting with Bill Verant, Director of the Financial Institutions Division of the New Mexico Regulation and Licensing Department about governance issues at the state's largest state chartered credit union. Verant had not met with Monta??o and had maintained, Monta??o has charged, a personal relationship with the CU's leadership that appears to have biased his judgment of the controversy.

So on July 1, Monta??o met with Kelly O'Donnell, Superintendent of the New Mexico Regulation and Licensing department about the concerns of Del Norte's members. Monta??o asked O'Donnell to force Del Norte to reveal the results of the most recent election of Supervisory Committee members, an election which the CU board claims to have invalidated by changing the Supervisory Committee from being elected to being appointed.