Over the years there has been concern that there will be a tidal wave of conversions from credit unions to mutual savings banks – it hasn't happened yet. Despite the increased attention the issue has begun to gather, only 18 credit unions have completed the transition to a bank charter since 1995, with another three with applications pending. Of those 18, only seven have taken the further step to issue stock. NCUA Board Chair Dennis Dollar has also lately raised the issue, expressing concern that credit union members may not understand what they are being asked to vote on when evaluating a potential charter change. The following table details the conversions thus far.