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News Now

CU System
Members will revote on ousted board members
JOHNSTOWN, Pa. (6/9/09)--USSCO Johnstown FCU says its members will revote on the credit union’s board because of a procedural error that occurred before the original May 14 elections. The original elections ousted three incumbent board members. The revote will take place because 300 of the credit union’s 13,000 members were not notified of the first vote. The 300 members have account balances that do not meet the credit union’s threshold to earn interest. Therefore, the members didn’t receive a quarterly statement, which contained the annual meeting announcement (Tribune-Democrat June 8). Some members oppose the revote, saying that the credit union is nullifying the election because it was not happy with the results. The credit union’s attorney, Guy Messick, told the newspaper that the vote was close. Having 300 “effectively disenfranchised” members violated credit union bylaws, he said. USSCO Johnstown FCU has $96 million in assets.


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