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Court Decides Against DFCU Members

DEARBORN, Mich. - A federal district judge has dismissed the attempt by three members of the $1.8 billion DFCU Financial to force the CU to hold a special meeting at which some or all of the board members could be recalled.

By Staff Writer | Updated on August 01, 2006

DEARBORN, Mich. – A federal district judge has dismissed the attempt by three members of the $1.8 billion DFCU Financial to force the CU to hold a special meeting at which some or all of the board members could be recalled.

Judge Lawrence Zatkoff ruled that his court lacked jurisdiction to decide the matter, an opinion he based in part on the NCUA’s position of not getting involved in bylaw matters between federal credit unions and their members.

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