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There would appear to be disproportionate anguish in some credit union circles about the recent announcement that Technology Credit Union is considering changing its charter to that of a mutual savings bank. 

On its website the credit union has responsibly communicated to its owner-members why the structural change is being considered as well as the potential pros and cons. The general membership has been invited to the discussion table early-on, and the highly supervised process leading up to a membership vote on the required transparent conversion plan has just begun. Technology Credit Union deserves to have the industry’s support during this important decision-making process.

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