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Pay attention to credit union vote
It was with growing interest and anger when I read of the outlandish increases in the directors salary over the last three years.
My husband and I have been depositors into this credit union going back into the days it was known as the Richmond Credit Union, approximately 1970. We, like I’m sure many of the nine-tenths of the membership, who have not questioned the running of the credit union, trusted that the directors were looking out for our best interests, that and the fact we were too lazy to actually read all the paperwork that is part of the “voting” process, and normally being out of town when this takes place. Even the “headlines” of the “information” booklet, delivered with our voting package, I find very misleading, saying “a special resolution can be triggered by just 300 members - less than one-tenth of the 1% of our membership.”
Also quoting the fact that they have had to spend nearly $200,000 on postage and printing costs for this information, which should never had been necessary if they had paid attention to their membership objecting last year.
I wish to thank Mr. Nick Loenen for bringing this to the forefront, I hope more wake up this time around.