NORTHVILLE TOWNSHIP, Mich. — Dave Adams, CEO of the Michigan Credit Union League, has urged the $1.8 billion DFCU Financial and the DFCU Owners United group to seek common ground they could use to end their dispute.
The credit union and members group are fighting in court as DFCU Owners United seeks to force DFCU to hold a special meeting at which some or all of the credit union's board of directors could be recalled. DFCU Owners United submitted over 1,700 signatures requesting the meeting and maintains it is struggling to hold the credit union to its own bylaws.
To initiate the reconciliation process, the MCUL has called for DFCU officials to indicate a willingness to have open dialogue with the membership about the future–possibly at the next annual meeting–and re-commit to an open and fair process for electing directors. In return, the MCUL is urging the DFCU Owners United Group to see these actions as indications of good faith on the part of the board of directors.
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