Despite charges of censorship, several credit union trade associations are shielding their members from a consultant who helps credit unions convert to mutual thrifts.
Alan D. Theriault, president of Portland, Maine-based CU Financial Services, said three credit union trade groups have rejected his paid advertisements for their magazines, censored his booth exhibits at their conferences, or spurned his services as an expert panelist. The dispute comes as more credit unions consider switching charters. In February the Supreme Court ruled that a credit union cannot serve more than one employer group. Meanwhile, the Office of Thrift Supervision has proposed letting federal mutual thrifts use a one-member, one-vote power structure-a signature feature of credit unions.