VANCOUVER, Wash. — Thurston County Superior Court Judge Paula Casey has denied motions from the $725 million Columbia Community Credit Union that the court reconsider its decision to return two members of the Save CCU member group to the board or that it increase the bond the members have to supply.
This means the previous order reinstating the board members remains in place. Despite the court's preliminary order reinstating them, Columbia suspended the two board members earlier this month.
The morning hearing on Oct. 19 lasted about 30 minutes, according to Doug Schafer, attorney for Save CCU and the plaintiffs. In addition to the lawyers, the two board members, Cathryn Chudy and Kathryn Edgecomb, were there, as was supervisory candidate Lloyd Marbet who was also expelled from the CU and reinstated. Parker Cann, CEO of the credit union was also present, according to Schaefer.
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The credit union's motions had appeared to offer the court an either/or proposition, either reconsider the preliminary injunction that the two board members be reinstated or increase the bond that the board members must post to $50,000. Columbia claimed the increased bond was warranted by the costs of the special meeting the credit union has called for Nov. 15, at which the CU members would have the ability to expel the two board members.
"If this court reconsiders its order granting a preliminary injunction, the costs associated with this membership meeting may be obviated," the CU argued. "However, if the Court does not reconsider, the $50,000 requested by Columbia in its motion to increase the amount of the bond will not even come close to covering the original expenses…" the CU argued.
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