TALLAHASEE, Fla. – Sunshine State CU will seek to become the first credit union to have its members vote to convert to a savings bank twice, when members meet at a special meeting next Tuesday. Members of the $170 million credit union approved the charter switch more than two years ago, but withdrew their application for a savings bank charter after they fired their CEO and their chief lending officer left, giving regulators pause about the institution’s management. The conversion to bank is one of five in the works, including that of $1.2 billion Think FCU, in Rochester, Minn.
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