Members of the 70,000-member, $1.6 billion Technology Credit Union who organized themselves enough to prevent the San Jose, Calif., credit union from becoming a mutual bank are considering what their next steps, if any, should be.
"Our litigation is going forward," said Carlos Rodriguez, the Technology member who began the organization effort by launching a Facebook page to alert members of what he saw as the downsides of the conversion proposal. "And we are considering whether to launch an effort to recall some or all of the board members."
The conversion proposal failed last week by roughly a margin of 3-1 among the approximately 17,500 ballots cast, Tech CU announced.
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