WASHINGTON — The $320 million Lafayette Federal Credit Union convinced the barest majority of its members to vote to support its proposed charter change, according to data Lafayette has supplied the NCUA.
According to the credit union, 5,092 members voted in the conversion balloting. This is roughly 31% of the almost 16,500 members the CU listed on record in its last call report. Of those 2,555, or 50.17%, voted to support the charter change while 2,537, or 49.82%, voted against.
The data was obtained from the agency under the Freedom of Information Act.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.