Momentum Grows For Board Ouster At DFCUFinancial
DEARBORN, Mich. - (04/17/06) Dissident members of DFCUFinancial continued building support last weekend for their bid toremove the board of the credit union giant, just before theculmination of a 90-day ballot on converting to a mutual savingsbank, currently in process. Representatives of DFCU Members Unitedwere demonstrating outside of the credit unions main officeson Easter weekend, while continuing to collect signatures on apetition urging a special meeting to recall the board. Theconversion opponents hope to be able to stage their ouster bidbefore members are scheduled to ratify the vote on the charterswitch at a June 21 special meeting. The group believes it hassurpassed 2,000 member signatures to a petition needing just 500names in order to force a showdown at a special meeting. Meantime,picketers bearing signs that read, Save My CU, andDont Make Our Credit Union A Bank,demonstrated outside DFCU offices in Oakwood Beach and Livonia toshowcase their opposition to the controversial credit unionconversion. Margaret Blohm, a spokesman for the dissident members,said her group will continue to run ads in local newspapers tocounter a phone-calling campaign by the credit union urging ayes vote on the charter switch.