Mich. Governor Urges Members To Vote Carefully

Michigan Gov. Jennifer M. Granholm has weighed in on the conversion bid by DFCU Financial Credit Union in Dearborn, Mich. Granholm, who is a member of the credit union, issued a statement that urged the credit union's members to "weigh carefully the advantages and disadvantages of this proposal before casting a vote." The $1.8-billion DFCU has over the past week begun sending ballots to members to vote on the conversion. Granholm's statement came as part of a press briefing during the Michigan league's GAC in the state capital at which State Sen. Ray Basham and the Michigan Consumer Federation also called for members to be aware of what they are voting on. On the same day, the league sent a letter to NCUA Chairman JoAnn Johnson calling on the agency to require DFCU Financial leadership to discontinue what it said are potentially misleading statements to the news media and in paid advertisements.