The deadline by which the Office of Thrift Supervision was to have approved the application of the $1.2 billion Think Federal Credit Union to have changed its charter to that of a mutual bank has passed.

Capitol Hill staffers got an earful of both sides of the conversions argument last week at a closed briefing.

Credit union field of membership under challenge in a case being heard this week before the Pennsylvania Supreme Court is also subject of litigation before a county court here, in a suit now a year old and brought by the Kentucky Bankers Association against the state CU regulator.

After 16 years as Redstone Federal Credit Union President/CEO Gerald E. Toland will retire on May 31st.