WESTBROOK, Maine — The Maine Credit Union League has expressed confidence that members of the $51 million KV Federal Credit Union will wind up rejecting their board's proposal to merge their credit union with a local mutual bank.

Reacting to the news that the KV board had approved a reportedly amended form of the merger proposal, John Murphy, President of the Maine Credit Union League, expressed doubt that the board had acted in accord with the will of the CU's members.

"From everything we have heard, many members are opposed to this proposal and look forward to making their votes count." Murphy said. "From the beginning, our position has been and remains that the credit union charter is the best option. There is a significant value of member ownership that belonging to a credit union offers and that would be lost if this credit union converts. Educating members and helping them understand what they would lose will be the focus of our message in the months ahead."