It's tempting to attempt to predict how many credit unions might try to jump to a bank charter in 2013. But that is hard to say. It's easier to observe some trends that came to the fore in 2012 and are likely to continue next year.
Any major operational change at a credit union, such as a move, merger or core system conversion, can cause an influx of member service requests and potentially a call center nightmare.
Final tally: 4,136 for, 13,819 against changing to a bank.
Bank conversion rejected, dissident members now polling on Facebook about possible board recall effort.
Seventy-seven percent of voting members cast ballots to remain a credit union.
Argument is over whether the $1.6 billion Technology Credit Union should be forced to share member contact information with conversion opponents.
Bloomington, Ill., credit union plans to convert to the Sharetec core processing system from Bradford-Scott Data Corp.
Two more credit unions have signed on as users of the OASys core processing platform from CUtopia, according to the division of Worldwide Interactive Services LLC in Orlando, Fla.
Three more credit unions are now running on the Symitar Episys core processing platform through Member Driven Technologies’ data centers in Warren and Southfield, Mich.
Symitar said it will be converting the $886 million Andrews Federal Credit Union in Suitland, Md., to its core processing platform.