New procedures for tabulating the results in charter conversion votes are making the results from the recent vote on Technology Credit Union's proposed charter change to a mutual bank take longer than results from other charter change votes, explained sources familiar with the process.
The 69,000-member, $1.6 billion San Jose, Calif., credit union officially wrapped up voting on the proposed charter change on Sept. 12 with a special meeting, but results from the balloting have not yet been released.
Prior to the latest round of regulations overseeing charter change balloting, independent officials charged with counting ballots were able to open ballot envelopes as they arrived, leaving only the ballots cast at a special members meeting left to count on the day after the meeting.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
