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ODESSA, Texas — Once again, a credit union that tried and failed to convert to a bank has taken legal action against some of its members who opposed it.

The now $129 million First Basin Credit Union filed its application to convert to a mutual bank charter in August 2007 but withdrew it before the member balloting was completed. At the time the CU said it withdrew the application because of a campaign of “misinformation,” including phone calls, among members about the effects of the conversion.

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