Members Vote Against Converting Tech Credit Union Into A Bank

From the Credit Union Journal

Members of $1.6-billion Technology Credit Union resoundingly defeated a proposed charter change to a mutual savings bank – with 77% of those voting opposed to the conversion – much to the delight of those who wanted Tech CU to remain a credit union.

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I found it interesting 77% vote against it. It seems common for members to vote in favor of what the board and management recommend.