FCUL Won't Interfere With Sunshine State CU's Conversion Plan

Register now

TALLAHASSEE, Fla.-The Florida Credit Union League will not interfere with Sunshine State CU's plans to convert to a federal bank, citing that the decision is in the hands of the credit union's members, who will vote on the conversion in April.

"Our position is that we want whatever benefits the members," said FCUL's Mark Ivester. "The member of the credit union will do whatever they feel is best for them and their credit union."

Sunshine State CU representatives did have a courtesy meeting with the league to inform it of the plan to convert. The $158.9-million, 18,908-member credit union technically is still affiliated with the credit union league.

In fact, Ivester said, Sunshine State CU representatives were "in full attendance" at the league's chapter meeting earlier this month.

Ivester said he was not aware of any efforts among the credit union's membership to protest the conversion.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER