Friday, October 2, 2009

CU Members Reject Rare CU- Bank Merger Plan

The members of KV Federal Credit Union have rejected plans to merge with a local bank.

Officials at KV Federal Credit Union and Kennebec Savings Bank confirmed Thursday that credit union members voted against the proposal to convert their credit union to a bank and merge with Kennebec Savings.

Click here to read the full story.


  1. On your September 3rd post, you asked, "What Do Credit Union Members Really Own?" Well Keith, I guess you answered your own question with this post. Credit union members own their credit union. When is the last time bank customers have had the opportunity to vote down a bank merger?

  2. How does it feel to be an industry shill?



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