DEARBORN, Mich. — A candidate for the board of the $1.7 billion DFCU Financial has appealed for help from the NCUA in getting the CU to, in her view, abide by its own bylaws in a coming board election.
DFCU attempted to change its charter to a mutual bank in 2006 and faced a petition drive for a special meeting at which all or some of the board could be recalled. The CU withdrew the charter change application and refused to call the special meeting.
Linda Malec, former board chair and one of the board candidates arising out of the DFCU Owners United member group, which opposed the charter change and mounted the petition drive, wrote the agency seeking help not as much with the meeting problem, but with other ways she says the CU has been ignoring its bylaws.
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