Linda Malec
Linda Malec
balance benefits best continue credit enjoyed members proud services understand union
Our members may not be able to do a balance sheet, but they understand the fundamentals. They are proud of our credit union and they want the best benefits and services to continue that they've enjoyed for 56 years.
appears applying bank board clearly convert credit mutual process responsibility rests savings shoulders union
The whole process of applying to convert from a not-for-profit credit union to a for-profit mutual savings bank appears to have been flawed. The responsibility rests clearly on the shoulders of the board of directors.
aware bottom complex grave line
That's a grave over-simplification of a very complex issue. The bottom line should be what's in it for the members. Personally, I'm not aware of any benefits.
approved board communication concerned convert current executive extremely lack management members mutual recent savings
I am extremely concerned about the recent application, approved by current directors, to convert to a mutual savings bank. And I'm even more concerned about the lack of communication from board members and executive management to members.
business changes company complex far intense involved legal members ownership small structure total
This is one of the more complex business transformations out there. It's very intense as far as the procedures, transfers and ownership changes that are involved in something like this. It is a legal structure change, as the company has stated, but that's only a small part of what the total implications are and members need to know that before they vote.