Conference 7.286::dcu

    
    Gee, I guess they DO read this file!  Looks like pre-emptive strike on
    the special meeting.  

  Yea... But... Now how about a discussion out here in Never Never land
(Beyond Kansas...)

    Gosh!  Don't you just love their short notice!!!
    
    Good thing they set up the second meeting.  Do you suppose that they
    are using the first meeting as a chance to prepare for the second?
    
    Who is going to tomorrow's meeting?
    
    Don

    
    It would be a good idea to start a tally on who's attending. 
    
    Show of hands please?? 
    
    Re: .1
    Don't forget that some of the BOD members are DEC employees who have
    access to this notesfile.
    
    DCU has extracts (with names edited out up till the 9th of August).
    
    I am working on an extract since the 9th to send to them.
    
    Nisreen
    

       I'm going to be there.
                               Denny

       Wouldn't it save everyone a lot of time and trouble if the BoD would
    just log into this conference and answer the questions right here?
    After all we are a computer company with a worldwide network and a
    handy Notesfile. What happened to 'cost cutting'?
                                       Denny

  It's MUCH harder to weasel and say Next question in the notes files...

    Wouldn't it be nice if they'd had it in the Gen. Doriot room at ML5 or
    some other site with a big enough room to hold more than 60 people?

    Make sure someone bring a video camera...
    
    	- mark

    
    
    Anyone who wishes extract the base note 266.0, which includes
    the notice, and forward it around has my permission to do so.
    
    Due to the short notice of this meeting, it is important that as many
    members as possible are informed of this meeting.
    
    Nisreen

 
 I'm appalled at the information process being followed by the DCU Board of 
Directors. This is not communication. This is hiding.

 Are DCU members expected to learn how our money is being "managed" by reading
a notesfile ? Perhaps we should expect a $1 credit to our accounts for each 
note read ? 

 60 people are invited to each of 2 meetings ? Is that even 1% of the DCU 
membership ? 

 How about meetings at each site with an agenda designed to inform ?
It'll cost less than diminished membership and glossy pamphlets.

 Concerned,
 Jon

    How about using DVN for all the customers outside of New England?

    I agree, DVN is a good idea.  Do they think the only DCU members are
    in New England??
    
    Tom
    

    I have had people also mention DVN.  It would be an EXCELLENT way of
    letting ALL members have some input.
    
    That would be a useful way to spend some of my money, for once.
    
    	- mark

    You folks are forgetting one thing. The DVN is owned by Digital not the
    DCU. Quite frankly I don't want the DCU spending several thousand $s
    of my money broadcasting propaganda.
    
    Regarding tomorrow I'll be there and I'm a very persistant questioner.
    I've also circulated the notice.
    
    I'm also taking along one of pink account closing slips. If at the end
    of the meeting I'm still not happy I intend to fill in the pink card
    in front of the board. I encourage others to do the same.
    
    Unfortunately I don't intend to actually close my checking account
    until October 2nd so that I don't loose out on interest. I need to
    ensure that closing the checking part of the account doesn't kill the
    interest on the RSVP account.
    
    I hope the board have some good answers.
    
    Dave

  If not DVN then Teleconferencing is available at many sites and the phone
cost could be billed to DCU for the phone line use.  The facility use
would be hard for DEC to bill.  I suppose that DVN usage could be billed
to DCU also for a larger setup.

    
	RE: .4
        
>    Don't forget that some of the BOD members are DEC employees who have
>    access to this notesfile.
    
    >    DCU has extracts (with names edited out up till the 9th of August).
    
    Nisreen,
    
    I am fully aware of this.  In fact, I am under the distinct impression
    that the sanitized extracts are not the only ones reaching DCU.  People
    should be aware there is a high likelyhood that DCU people/management
    may be reading notes and replies with names included.
    It doesn't really bother me.  But it might bother others.
    
    I will be there with many questions that have gone unanswered by DCU. 
    I meet with Harry Goralnick (DCU Director of Finance & Operations)
    yesterday afternoon just after this notice was posted.  I read through
    sections of the 1990 auditors report and will post some of my findings
    in another note.  One thing I mentioned to him was that we expect
    honesty and candor.  If the BoD intend to evade questions or spew the
    standard propaganda, this meeting will most likely not be a good one for
    them.
    
    Phil

    
    RE -1:
    
    Phil,
    
    I realize that somehow the notes out of this file with names on them
    might be reaching DCU. I have no control over that.
    
    However, It is my responsibility to see that any extracts coming out
    from Carl or myself do not include any names. I spent quite a bit of
    time yesterday (around 3 hours) editing the extracts, going through
    them and removing people's names, nodes and even facility location.
    
    I am not sure what else I can do to prevent this from happening. But as
    I said before with DCU employees serving as members on the BOD, it is
    close to impossible to prevent unedited notes from being seen by DCU.
    
    Suggestions on this topic are welcome.
    
    Nisreen
    (moderator)
    

    
    RE: .18
    
    Not much anybody can really do Nisreen.  I realize you and Carl are
    doing a lot of work in this area and it is definitely appreciated. 
    Just thought I'd clue everybody else in to what was probably occurring.
    
    Phil

    How about a plenary session somewhere in Maynard (say, the MLO5
    cafeteria) before hand?

    After being forwarded mail on this meeting this, I plan on going. I
    haven't  been active in this notes file since I had a project due last
    Fri. but would like to thank those who have investigated DCU finances &
    by-laws.
    
    In this period of massive S&L fraud, insider trading, insurance company
    speculation in junk bonds, cornering of the US bond market by Salomon
    Bros. and international arms & drug money transactions via BCCI, it's
    disheartening to see so little pressure for accountability. It's more
    difficult to track bank fraud but also the banking system attempts to
    reassure the public by down-playing the problems and pretending that
    lay-people cannot understand the issues. (This brings to mind the BCCI
    requirement that their accounting firm NOT hire Urdu readers - since
    many of their internal documents were written by Pakistani's). It's
    interesting that this can happen in a credit union whose members are
    well educated and electronically connected.
    
    
> 266.17	GUFFAW::GRANSEWICZ 
>    One thing I mentioned to him was that we expect
>    honesty and candor.  If the BoD intend to evade questions or spew the
>    standard propaganda, this meeting will most likely not be a good one for
>    them.
    
    A few years ago a Japanese airline crashed into a mountain - the
    airline president resigned publically. In the US there is little sense
    of responsibility and personal history. The least I expect is for the
    board and top officers to admit that they made major mistakes in their
    non-member loans and for them to disclose any interests w/ the parties
    receiving the loans and for the officers to state their DCU salaries.
    At present they have very little credibility by following-up one hidden
    deal with another.
    
    
> 266.20  LEDS::PRIBORSKY 
>    How about a plenary session somewhere in Maynard (say, the MLO5
>    cafeteria) before hand?
    
    This is a great suggestion since the DCU already have made their plans
    on how to control the meeintg. I suggest gathering in the PKO3 caf since
    it's closer to the DCU.
    
    I also suggest that if more members appear than 60, we demand that all
    be allowed into the meeting.
    
    -Weimin Tchen

    I intend to attend the meeting.  I will second the request that _all_
    DCU members be allowed into the meeting.  I intend to challenge the
    DCU's right to ask me, a Digital employee, to leave a Digital building.
    
    I think PKO3's a better meeting place, if someone will post directions
    to the caf...
    
    Bob Leigh

    >You folks are forgetting one thing. The DVN is owned by Digital not the
    >DCU. Quite frankly I don't want the DCU spending several thousand $s
    >of my money broadcasting propaganda.
    
    So is the DTN phone system and they use that...  red herring.
    

    It would be nice to have a video copy of what happens also.  At a
    minimum an audio tape could be done.  Security might not allow someone
    to bring in a personal VCR, but if the compnay had one that could be
    borrowed...
    
    When people are in front of a camera, they tend to be less willing to
    lie.
    
    	-mark

    Strategy session will be at 3:30-4:30 in the PKO3 cafeteria.
    
    I've spoken with Phil Gransewicz and we both agree that while the fee
    structure is an important issue, it is in large a red herring.  We
    would like to NOT spend the whole meeting discussing alternatives and
    how neighborhood banks offer better rates.  Some of the meeting should
    be spent to air this, but not all of it.
    
    See you at 3:30.

    
    RE: .21 & accountability
    
    I agree 110%!  I have previously posted a reply in here comparing the
    BoD reaction and what it would have been in Japan.  I have stated to
    several people that based on what I know, if this had happened in
    Japan, the current BoD would have all resigned in an instant, if they
    had not already taken more severe action (involving sharp instruments).
    A cultural difference but I have to believe it used to be part of our
    culture at some point.
    
    What ever happened to "The Buck Stops Here."?  Do they just get to make
    an $18,000,000 mistake with OUR money and say "Oops, sorry.  Dick lied
    to us.  It's not our fault."  In my opinion there have been clear
    violations of DCU bylaws and UNsound business practices.  For that, the
    BoD and senior management MUST be held accountable.  If it slides by
    now, is the rest of our money safe?
    

    When you enter the PKO driveway marked by a low DEC sign,
    there is a large parking lot after the 2 storey building on your left
    (PKO3). On entering the door near the corner of the PKO3 lot and the
    driveway, pass by the guards' desk and take the first glass door on the
    left into the cafeteria dining area.
    
    Perhaps one reason the DCU is calling this meeting is to forestall one
    to recall the board - and to say there is only a handful of
    complainers.
    
    Below are directions to PKO from other areas. 
     
    								
    RT 495 <---						Powdermill Rd
    
    								|
    RT 117  __________________________________________________________________
    								|
    								|
    								|
    								|
    								|
    						PKO2	PKO1	|
    								|
    					-------------------------
    								|
    								|
    			helipad		lot	PKO3		|
    								|
    							DCU	|
    
    
    
       <<< SERENA::SERENA$DUA2:[000000.NOTES$LIBRARY]DIRECTIONS.NOTE;1 >>>
                       -< Directions to DEC facilities >-
================================================================================
Note 39.4                              PKO                                4 of 5
VAXWRK::PETERSON "Bob"                               81 lines  17-MAR-1988 13:14
               -< To PKO From LOGAN airport,Canada,New York... >-
--------------------------------------------------------------------------------
To:	PKO
From:	Canada, Maine, LOGAN, Lowell, New York
Updated: 17-MARCH-1988

These directions are an amalgam of various other notes (10.1, 27, 16, 30, etc)
and my own experience.  They have not been drive-tested though I have
personally driven all of these routes at least once.  

Fortunately Maynard has reconstructed its downtown area.  There is now a one
way loop downtown and a new traffic light at the confusing snarl we used to
have (where merely 4 roads met but it was more bizarre than you can imagine:
only in Massachusetts).

From Maine/Canada/I-95/New Hampshire/Route 3:
   1 Take I-95 or NH Route 3 south to Massachusetts.  Rt3 is a cheap toll road.
   2 Continue with step 1 under Westford/Lowell...

From Westford or Lowell areas:
   1 Take I-495 south.
   2 Take route 2 east toward Boston.
   3 Take route 27 south (right at end of ramp) toward Maynard off route 2 
	(approx 5 miles).
   4 Maynard is approximately 5 more miles.
   5 Downtown Maynard has a new set of traffic lights instead of the
	snarl of roads before.  You'll know it because you'll see a McDonald's
	ahead and to the right.  But you turn LEFT (keeps you on route 27).
   6 Stay right and turn right at the next light (short distance).
   7 About a mile down is the intersection with route 117.  Go through the
	light.  The PKO cluster is a quarter mile on the right.  Do not
	overshoot and go into the DCU parking lot.
   8 PKO3 is the large 2 story building on the left.  PKO1 is the square one
	story on the right.  PKO2 is a long one story and is down the road a 
	bit and off to the very far right.
	PKO4 is the heliport building on the clear plateau in back.
	PKO5 I gather is the DCU building, but it has a separate entrance and
	parking lot which can only be accessed from route 27 (Parker Street).

From the Massachusetts turnpike (New York/Conn):
   1 Stay on the Turnpike to route 495.
   2 Take 495 north.
   3 You want exit 27, route 117
   4 At the bottom of the ramp, turn left onto 117 heading east.
   5 You will go several miles through Bolton and Stow.  You will pass
	the Stow facility (blink and you will miss the sign).  Keep going
	straight through on 117 when you get in Maynard.  (If you turn left
	at the light at the fork you head into the Mill and downtown).
   6 At the intersection of route 27 is a light.  Turn right.
   7 Continue with step 7 in the Lowell directions above.

From the airport, LOGAN:
   1 Take a limo (a van) to Maynard.  It costs about US$30.  They know the 
	quick ways out of the city.

   2 Take the DEC helicopter (make reservations in advance, no cost to CC
	unless you cancel)

   3 Drive yourself crazy: Your rental car agency will have maps.  

   4 Your agency can get you to the Summer-Callahan tunnels, but sometimes
	traffic is diverted.  In case of diversion towards East Boston or
	Chelsea, get off at the first exit and take the U-turnaround at the
	bottom of the ramp to head back towards the tunnels.  They do this
	nonsense when they need the extra pavement to stack the cars waiting
	to enter the tunnel.  

   5 Go in the direction of Boston, through the tunnel (60�US).  Make sure 
	you get the right hand lane in the tunnel.  

   6 Out of the tunnel take a right.  THERE ARE TWO RIGHTS POSSIBLE, be 
	sure to take the FIRST right out of the tunnel. 

   7 Then take a left UNDER the elevated highway, go up the ramp, and 
	you should be on the expressway going south.

   8 A couple of exits further you take the Mass Turnpike WEST
	(really no other choice since it starts there).  The pike costs
	a little (couple US$ in change is fastest).  

   9 Take RT495 North from the turnpike.

   10 Continue with step 3 under NYC/Conn above.

    Since I can not attend this meeting, I would like someone to ask the
    DCU just what kinds of services they think we want.  It seems obvious
    to me that they want to become a full time banking operation.  All
    I'm looking for in the DCU is to give me good interest rates on my
    savings accounts (this includes checking, or share drafts as they call
    them) and low interest on loans as compared to what S&L's and other
    banks offer.
    
    Also, if they claim that the president's dealings had no effect on the
    new fees, then blast back with how much MORE will the fees be when
    they finally realize that his actions ARE going to effect us!
    
    Thanks to anyone who will voice this for me!

    Is it possible to get to a mailing list which would hit most of the
    DCU members?  It would be a wise idea to broadcast the second meeting
    to as many people as possible.  The only way they might listen is if a
    few thousand people make themselves known.
    
    nate

Well, I can't go, so I hope that the various attendees of this
meeting write up a detailed summary of what was said to whom
by whom.

Thanks, Phil, for all your hard work.  It looks to me like this
meeting was set up primarily as a response to your lobbying.

/Chris

     The PKO3 cafe is large enough to hold many times the "60 people max"
     figure given by DCU.    [If  not, they would have had to have "lunch
     shifts" for the PKO residents!    There  used  to  be  ~1000  people
     working in PKO1,2,3.] I used to work  in  PKO3.    There  is a "back
     room" area which may be small enough to  have  a  size  restriction,
     however, after 5PM the cafe is empty/deserted and there  is  no good
     reason not to use the largest part of the facility  to address those
     interested parties who are attending.
     
     Len

re: Anonymity

    I wouldn't be particularly concerned about the BoD reading this file
(as a matter of fact I hope they do) and learning names, etc. But then
again, I don't report to any of them. Now, I _AM_ glad I don't have any stock
transactions pending, however, as I'd hate to think that Investor Relations,
managed by one prominent board member, might "make a mistake". :^)

    Due to the short notice, I'm unable to make the meetings today. I hope
news of the meeting will be posted here for informational purposes later
in the evening.

-Jack

    re .31
    
    Maybe DCU was trying to discourage anyone from showing by giving them
    the impression that they would be shut out of the meeting?

    re: .31
    Go back to .0.  It says the meeting is in the DCU cafeteria in the
    DCU building.  (I didn't know it had one, but I guess it does.)

    This is a DCU meeting, not a DEC meeting.  DCU members need not be DEC
    employees.  There might be problems holding a meeting involving
    non-DECcies at a DEC facility.

    re .35
    
    If I hadn't read DCU notesfile, I wouldn't have known about this
    meeting!  What chance in hell would a non-DEC employee have of
    hearing about this meeting?
    
    I am sure there is some truth to that, but I'm also sure the non-
    DEC employees could get into a DEC cafe.
    
    Don

        I hope someone at least brings a small cassette recorder or
        dictation machine, if a camcorder is unavailable or not allowed. I
        look forward to reading what happens tonight. The issues have all
        been raised here already. I hope to see some POSITIVE responses
        from the BoD. You have my support from Chicago. 

    re .36  (my reply)
    
    .35, please don't take my reply personally.  I was reading that as
    something DCU would state.
    
    Don

    
    
    IMPORTANT URGENT READ THIS!!!
    
    
    The meeting with the BoD is in the DCU headquarters meeting.  The
    meeting is on the 3rd floor in the lunch room.  The building has no
    cafeteria as we know it.
    
    A few of us are meeting before hand in PKO.  We will then walk over to
    DCU HQ.
    
    The BoD will NOT be in PKO.
    

    Is the limit put on the number of attendees at this meeting legal? 
    
    If a meeting is being called between the BoD and members of DCU should
    not a formal announcement/invitation be mailed to ALL DCU members?
    
    Is the BoD planning to communicate the minutes of the meeting and
    inform all the members?
    
    Seems to me that all members are SHARE HOLDERS, or at least that is
    what we were when I joined, I'm really not to sure anymore.
    
    Suggestion...
    
    	How about the BoD setting up something on the touchtone system
    whereby each member could call in, answer a series of
    approve/disapprove questions and then they'd find what we ALL really
    think of the new way of doing business!
    

Anybody care to take a guess as to how many will attend ?

So far it looks like less than 10 responses here that will attend.

Will somebody include the # of attendees and the # of BOD/DCU staff
attending ?

�    Is the limit put on the number of attendees at this meeting legal? 
    
    Seeing as there isn't going to be voting or decision making there
    aren't any "legal" issues around size.  Of course there are fire codes
    which might make trying to pack more than 60 people in a room for 60
    people illegal.

    	Having more than 60 attendees would just create a zoo.  In
    	fact, I'd bet the meeting would be just as effective with
    	only a token representation from DCU membership as long
    	as those attendees are armed with all the proper questions.

    	As long as the questions are asked, it doesn't matter how
    	many other angry shouting supporters are also there. The
    	questions will be asked, and the results will be posted here.
    	(And ultimately distributed to those who care.)

    	I don't even see a need for a second meeting unless some
    	questions don't get properly addressed the first time around.

    	Remember how quickly we all tired of daily news conferences
    	with the same questions being asked during the gulf war?

    	I like the idea of the strategy session.  All the right questions
    	and focus will happen at the meeting.  I'm sure of it.  As I
    	type this, the meeting is in progress, I believe.  Good luck
    	guys!

    	Joe Oppelt  From Colorado Springs, but there in spirit.

    The meeting happened, and the fear of overflowing the room was an
    unfounded fear.  There were plenty of seats.
    
    I don't have time to recap the meeting now (it's late and I just got
    home, and I have an early meeting in Marlboro in the morning.)  I'll
    recap my thoughts later.

    
    This note is set to Nowrite. Note 268 will be reserved for discussions
    on the meeting that took place 8/21.
    
    
    Nisreen
    (moderator)