IOWA CITY, Iowa — The fallout from the name change flap over "Optiva" at the $544 million University of Iowa Community Credit Union was also triggering a challenge last week to the board's composition.
"Yes, we are facing the prospect of an independent slate to oppose the election of three of our directors," lamented Jim Kelly, senior vice president of marketing at the Iowa City Credit Union, which earlier this month had to backtrack on a long planned name change to Optiva Credit Union.
The decision to scrap "Optiva," which had been set for launch March 1, came after a re-vote of members who complained about abandoning a moniker that stirred "pride" and loyalty to the Iowa college. There were also charges vigorously denied by management that UICCU planned a conversion to a mutual savings bank.
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.
