The 70,000-member, $1.6 billion Technology Credit Union has quoted NCUA board chairman Debbie Matz in the materials it has provided members to get them to approve a change from a credit union to bank charter.
In a section of the conversion notice addressing member business lending, the credit union said its board found it prudent to address the need to make more business loans before the San Jose, Calif., credit union approached the mandated cap.
It quoted Matz' testimony before the Senate Committee on Banking, Housing and Urban Affairs on June 16, 2011.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
