Members of the 70,000-member, $1.6 billion Technology CreditUnion who organized themselves enough to prevent the San Jose, Calif., credit union from becoming amutual bank are considering what their next steps, if any, shouldbe.

Ourlitigation is going forward,” said Carlos Rodriguez, theTechnology member who began the organization effort by launching aFacebook page to alert members of what he saw as the downsides ofthe conversion proposal. “And we are considering whether to launchan effort to recall some or all of the board members.”

The conversion proposal failed last week by roughly a margin of3-1 among the approximately 17,500 ballots cast, Tech CUannounced.

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