Tom Dorety, CEO of the $5.5 billion Suncoast Schools Federal Credit Union in Tampa, Fla., told Credit Union Times on Friday that Suncoast has been approved to become a state charter.
"We had to hire an outside firm to do an independent election and we did that and they validated the election. Obviously, we can't have anything to do with it," said Dorety on Friday.
"We sent out e-mails and mail ballots to over 500,000 members and we received a majority vote," he said.
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