Member Revolt Fizzles at Former Optiva CU

IOWA CITY – Members of University of Iowa Community CU who organized the rare recall of a new credit union name, failed in their bid to gain a foothold on the credit union’s board at the annual meeting Wednesday night. A write-in candidate nominated from the floor received scant support at the annual meeting, so three long-time incumbents were reelected to the panel. The members had hoped to gain entry to the board after they succeeded in defeating an effort to change the credit union’s name to Optiva CU. The name-change candidate received 69 votes to 664, 653 and 685 votes polled by the long-time incumbents.

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