Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Members plan to offer candidates for First Basin board
ODESSA, Texas (2/29/08)--Members who opposed First Basin CU’s attempt to convert to a mutual savings bank are seeking information about the credit union’s next board election. “We have a couple of members who want to run,” said Letty Morales, who founded Save First Basin, the group opposing the conversion. First Basin hasn’t told the members yet when the elections are or how many seats will be available. Morales said members have sent the credit union two requests. “We’re at a standstill,” she said. “It’s kind of strange they haven’t gotten back to us.” First Basin suspended its Feb. 21 vote on the proposed charter change “for a number of reasons,” wrote CEO Shem Culpepper in a letter to members. He noted that “numerous false statements” have been circulating about the conversion, and that the board wants to retain its one-member, one-vote structure. The board also is evaluating whether it can reward members with a cash payment if it converts, he wrote.


RSS





print
News Now LiveWire
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
52 minutes ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
57 minutes ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
4 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
6 hours ago
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
10 hours ago