Summary
A collection of Columbia Credit Union members has won the right to call a special membership meeting, at which they can attempt to block the institution's conversion to a bank and oust the board of directors.
The state Department of Financial Institutions found that the disgruntled members had collected enough petition signatures to comply with state law. As a result, the department ordered the credit union to hold the special meeting no later than Feb. 13, according to an opinion issued Thursday.See the full content of this document
Extract
State Oks Meeting to Fight New Bank
"I was pleased that they see the issues as we do," said Steve Straub, former Columbia CEO and spokesman for members ...
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