The credit union said it published a notice informing its members of its plans to shed its credit union charter. Credit union officials said a bank charter will allow them to serve customers outside the credit union's current six-county field of membership and enable it to more easily raise capital.
Pending approval by Tech CU's board of directors, members will be asked to vote on the conversion early next year.
The credit union, chartered in 1960, says it has 74,000 members.
Be the first to comment on this post using the section below.