AUGUSTA, Maine — Even though the board of the $51 million KV Federal Credit Union will not even meet to vote on whether to move forward with a possible merger with a mutual bank, the CU has already scheduled meetings with members to discuss the idea.
The credit union has confirmed local press reports that it has two meetings scheduled, one in Augusta where its headquarters is located on Sept. 30 and the other in Oakland, where it has a branch, on Oct. 1.
As the meetings draw near, another member has spoken out in the local media about the merger. Anne Boulette, identified in press accounts as the former CEO of the $30 million KSW Federal Credit Union, headquartered in Waterville Maine, wrote a letter to the Morning Sentinel where she urged KV members to attend the meetings.
“Why would members of this credit union want it to convert to a bank,” Boulette wrote in a letter published Sept. 27. “The opportunity to be a customer of the bank has always been there. One need only make a deposit.”
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