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Conference 7.286::dcu

Title:	DCU
Notice:	1996 BoD Election results in 1004
Moderator:	CPEEDY::BRADLEY

Created:	Sat Feb 07 1987
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1041
Total number of notes:	18759

291.0. "DCU Special Meeting" by GUFFAW::GRANSEWICZ (Someday, DCU will be a credit union.) Wed Sep 25 1991 15:56

    
    [Permission to forward or re-post this note is granted.  Disclosure
     of this note to any DCU member is also granted.]

    
    All attempts at trying to find out ANYTHING concerning the special
    meeting have been shut down by DCU.  They will not disclose when the
    meeting will be held, where it will be held, who will be conducting the
    meeting (BoD Chairman or DCU President), how the meeting will be
    conducted (the rules of order).  Calls to the DCU President to request
    any of this very important information have been re-routed to Mary Madden
    who does her "submit all requests for information in writing and we
    will review them" routine.
    
    The best I can tell you is that the special meeting must be held within
    30 days of petition submission which puts the date on or before October
    17th.  All DCU members must be notified by DCU AT LEAST 7 days prior to
    the meeting being held.  So if any DCU member does not receive notice
    of this meeting by October 10th, please notify me or send a written
    complaint to the NCUA.  The meeting must be held within 100 miles of
    the headquarters.
    
    I asked if notice of the special meeting would be posted at the DCU
    branches and the answer was no.
    
    So I urge everybody to keep your calanders open for this VERY important
    meeting.  If you have any hopes of returning DCU to a credit union that
    works with you and for you, then please attend this special meeting and
    make real change occur.  Your vote will never count more.  The outcome
    of the meeting will directly affect your pocketbook.  If you're there,
    you can vote on whether your pocketbock will be thinner or fatter in
    the near future.

T.R	Title	User	Personal Name	Date	Lines
291.1	A meeting may not happen	SLOAN::HOM		`Wed Sep 25 1991 20:55`	27
	I have tried to be objective through out this period. I will, however, be very disappointed if the meeting does not take place by 10/17. I can imagine scenarios whereby the DCU can avoid having the meeting: 1. DCU discusses the situation with the National Credit group. They indicate they have a new president, etc and would like to avoid calling the special meeting within the 30 days requirements. I suspect with approval there's some over-riding mechanism that would permit this. Most laws, etc have a loophole somewhere. I would be surprised if the DCU has to have a meeting by 10/17. Again, there's an out somewhere. No one has discovered it yet. 2. Though consultation with the NCUA Legal consel in Washington, the interpretation is redefined. Special emphasis is placed on this request because the new President of the DCU has had a past affliation with the NCUA. There is an out for the DCU. No one has figured it out yet. If the DCU finds this legal out, it may not meet the spirit of the bylaws, but it certainly would not be illegal. Gim
291.2	an idea ...	MIZZOU::SHERMAN	ECADSR::Sherman DTN 223-3326	`Wed Sep 25 1991 22:05`	10
	If I don't hear about a meeting on 10/17 by 10/10, I suggest we do it again! Let people know that the DCU BoD will have ignored their call for a special meeting and that their only recourse is to call AGAIN for a special meeting. BUT, this time, when the thousands of signatures are dropped off (again) send a little parcel to the NCUA. This parcel will contain formal letters of complaint gathered at the same time that the signatures for the second petition are gathered. Steve
291.3	Maybe we could transition DCU???	SSDEVO::RMCLEAN		`Wed Sep 25 1991 23:27`	2
	Gee. I wonder if we could petition Ken to remove DCU from Digital property??? Wonder if they have a lease?
291.4	One day at a time	GUFFAW::GRANSEWICZ	Someday, DCU will be a credit union.	`Thu Sep 26 1991 08:55`	14
	People, let's get all the way through THIS petition cycle before planning on the next. The special meeting WILL happen. DCU has acknowledged receipt and verification of the correct number of petitions to call a special meeting (verbally). Though I have requested WRITTEN receipt of the petitions and WRITTEN acknowledgement of verification, DCU has given NOTHING in writing. Should they decide to ignore there responsibilities in calling the special meeting, we can get the NCUA involved. I have been told that they DO have the power to remove the entire Board of Directors if the situation warrants.
291.5	Petitions? We don't have no stinking petitions!	AOSG::GILLETT	And you may ask yourself, 'How do I work this?'	`Thu Sep 26 1991 11:58`	14
	> The special meeting WILL happen. DCU has acknowledged receipt and > verification of the correct number of petitions to call a special > meeting (verbally). Though I have requested WRITTEN receipt of the > petitions and WRITTEN acknowledgement of verification, DCU has given > NOTHING in writing. Waitasecondhere....you mean that they never gave you a receipt for the petitions, or gave you any kind of written acknowledgement that they had been received? "Gee Phil, I'm not sure what you're talking about. We don't know anything about any petitions. What ever are you talking about?" Don't laugh....stranger things have happened. :-(
291.6	Strenth in Numbers	BOOTKY::MARCUS	Good Planets Are Hard To Find	`Thu Sep 26 1991 13:43`	8
	Can those of us that are "geograhpically challenged" fill out an officail proxy for someone who will be there? The DCU might be very interested to know that the xxx people there represent xxxx members. Barb
291.7	Special Meeting Should Have Proxies	WNPV01::GROSJEAN	Cheerfulness Makes You Healthy	`Thu Sep 26 1991 13:59`	5
	Good question. If we can assign our proxies to the BOD, can we assign them to an individual member? Gwen
291.8		GUFFAW::GRANSEWICZ	Someday, DCU will be a credit union.	`Thu Sep 26 1991 14:21`	24
	RE: .5 We do have a sufficient number of eyewitnesses to testify in court should it be necessary. They are not required by anything to do anything but accept them. No sweat though. Our copies are in a safe place. Many things about this special meeting are undefined. It is entirely up to the whims of the Executive Officer (Mark Steinkrauss). At this point, I guess he would be the one to send mail to regarding these matters. RE: .6 & .7 If proxies were allowed, I think the BoD could be voted out in a flash judging from the sentiment expressed by DCU members during the petition drive. I had thought of trying to put together something along the lines of what you're suggesting but I'm not sure what it could be used for. It certainly would send a very clear message to the BoD, but they aren't doing much listening lately from what I can see. Looks like the people back here are going to have to find the time to attend the special meeting at make things happen. If they don't, then it will take 3 years to turn the BoD over completely. I'm not so sure there will be much left of DCU in 3 years. People's memories fade. I believe that is what the BoD is counting on.