ALEXANDRIA, Va. — Pentagon Federal Credit Union issued a members' bill of rights at its annual meeting. The bill of rights assures members that the credit union will not make any organization change that is not in its members best interests.

"The board and executive team at Pentagon Federal is committed to serving our members with the lowest loan rates and the highest share rates possible," said President/CEO Frank Pollack. "As member-owned institutions, credit unions are able to pursue these goals without pressures from outside investors or stockholders. We serve the interests of our members and no one else."

The bill of rights included provisions that state the board of directors will consider a change in organization form only under circumstances that would "materially and negatively impact the benefits accruing to the membership from its current organization form, and only when another organization form would provide greater benefits." The bill went on to say that a conversion to a mutual savings bank would not be recommended by the board of directors except after "full, fair and complete consideration and discussion of such matter based upon the advice of neutrally selected expert independent third parties who have no financial interest in the outcome."