[Search for users] [Overall Top Noters] [List of all Conferences] [Download this site]

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

528.0. ""REAL RESERVATIONS" ABOUT ETHICS" by GUFFAW::GRANSEWICZ (REAL CHOICES for a real CU!) Mon Apr 20 1992 05:11

    
    [Permission to forward or re-post this note is granted.  However, the
     original note header and names at the end of the note must be
     retained.  The contents of the note may be shared with any DCU member.]
     

	The following writeup was sent to the Cape Cod Times along with a
	"Vote for a Qualified Board!" flyer in an envelop that was postmarked
	in Boston on March 16th.  It was not signed and there was no return 
	address.  The QB flyer differs from others in that Deepak Goyal is 
	listed third (on the front) instead of last.

	The amount of misinformation and lies in this statement is shocking.
	What is even more shocking is that somebody could write such pure
	garbage and think that anybody would believe it.  IMO that could only
	be the case if the intended audience had been totally deprived of
	information.  I therefore believe that the following statement was
	written for an internal DCU audience.  I have not been able to prove
	this conclusively though.

	But the MOST shocking aspect of the statement is that it reveals yet
	another case of access to election materials by people before those
	materials were made available to the DCU membership at large.  The 
	election ballot was also postmarked March 16th.  There are six quotes
	taken from candidate's statements, including mine.  They are:

	"fiscal soundness"			Gail Mann
	"safety of out assets"			Tom Mceachin
	"fiscal integrity"			Claire Muhm
	"conservative financial policies"	Abbott Weiss
	"Better, not just competitive rates"	Philip Gransewicz
	"best in class"				Deepak Goyal

	I will address the huge number of lies contained in the statement in a
	seperate reply.  To me that is a secondary issue.  The shocking
	aspect of this is that DCU did not treat my, or other, candidate 
	statements with confidentiality.  I am VERY glad that I did not grant
	DCU permission to perform a credit inquiry.  I have said before and
	I will say again, trust is very hard to come by.  Once squandered, it
	is difficult to regain.  An institution or people who can't be trusted 
	to do the right thing with candidate statements can not be trusted to 
	do the right thing in other areas.  This episode has crystalized what 
	this election is all about.

	Phil Gransewicz
	DCU "Real Choices" Board Candidate

--------------------------------------------------------------------------------

		"REAL CHOICES" MEANS "REAL RESERVATIONS"
		----------------------------------------

	In the next few weeks, the DCU membership will elect seven 
	board members.  After reading the candidates statements and other
	campaign literature, it appears that the qualifications, credentials,
	and goals of the nominated candidates are far superior to the petition
	candidates, particularly those labeled as "Real Choices".

	The priorities of the new (underlined) board will include sound 
	financial management, open/honest communications, while meeting member
	needs.  The nominated candidates clearly have the experience, 
	education, and financial, legal, human resource and marketing background
	to meet the challenges of DCU.

	A Board dominated by "Real Choices" candidates leaves me VERY 
	UNCOMFORTABLE about the credit union's future financial stability.

	FINANCIAL SOUNDNESS (bolded and underlined) - The "Real Choices" 
	candidates simply do not have the financial management experience 
	required to run a financial institution the size of DCU.  While the 
	statements of the nominated slate emphasizes "fiscal soundness",
	"safety of our assets", "fiscal integrity", and "conservative financial 
	policies", all but two of the "Real Choices" candidates don't even 
	mention financial soundness.

	Furthermore, the "Real Choices" candidates promise changes that could
	weaken DCU's financial soundness.  For example, they want to restore
	the Volunteer Credit Committee, which would mean volunteers would
	make loan decisions rather than professional loan officers.
	Progressive credit unions, like DCU, eliminated this system years ago
	because it resulted in increased loan losses, slower service and less
	confidentiality.

	They also promise "Better, not just competitive rates".  We all want 
	lower loan rates and increase savings rates but paying better than 
	competitive rates would require closing branches and ATM's.  By the way,
	I happen to like these services.

	Open and Honest Communication (bolded and underlined) - All twenty
	candidates promise improved open and honest communication with the 
	membership.  Some of the "Real Choices" candidates, however, have 
	continuously communicated misinformation.  For example, just a few 
	months ago, Phil Gransewicz, one of the "Real Choice" candidates,
	inferred that DCU gave Mr. Mangone an illegal low rate mortgage loan.
	This was proven incorrect.  But, for weeks Phil chose to spread the 
	misinformation.  Also, it was the "Real Choices" candidates that passed
	out fliers at the Special Meeting stating "We have no further agenda 
	after tonight".  Obviously, they did.

	Finally, these "Real Choice" candidates should be offering good and
	insightful ideas of how to better the credit union, but instead, they
	are trying to fool the members by winning the election against the 
	current board rather than by comparing their own qualifications against
	the nominated slate.

	MEETING MEMBER NEEDS (bolded and underlined) - The "Real Choices" 
	candidates promise to restore members rights by ensuring all bylaw 
	changes are approved by the membership.  Paul Kinzelman knows this 
	is a false promise.  In a letter to Paul, NCUA, the federal regulatory
	agency, stated that "Only Federal Credit Union directors, rather than
	its members, may amend bylaws".

	In addition, the November Special Meeting, called by petition, was
	unfair to all the members who could not drive to the meeting in 
	Framingham, MA.  The "Real Choices" candidates promise to continue
	to disenfranchise the majority of DCU members by allowing only 500 
	petitioners to decide important issues.

	Finally, the members needs can not be met if the Board of Directors
	have limited financial background and experience.

	Vote for the Nominated Candidates (bolded and underlined) - The best 
	reason to vote for the nominated slate is their outstanding credentials
	and qualifications.  They promise open communication and they have the
	expertise and diverse background to lead the credit union to 
	"Best in Class".

--------------------------------------------------------------------------------

From:	GUFFAW::GRANSEWICZ   "REAL CHOICES for a real credit union"  1-APR-1992 16:41:11.35
To:	PICKET::LENGLE
CC:	GRANSEWICZ
Subj:	Candidate Statements


							April 1, 1992

	Ms. Lengle,

	   I am writing to you concerning my 150 word candidate statement
	which I submitted to the Nominating Committee on February 14th, 1992.
	I need to know who read or had access to my candidate statement prior
	to its release to the DCU membership in the official election
	materials.

	   A timely response to this message is appreciated.


	Regards,

	Philip J. Gransewicz
	"REAL CHOICES" candidate

--------------------------------------------------------------------------------

	I did not receive a reply from Ms. Lengle so I called her on 
	April 3rd to see if she had received my message.  She said she had
	received it and had responded on April 1st yet I had not received
	the response.

	She re-sent her previous response, which I did receive.  It was a 
	two sentence response stating that she had received my message and she
	suggested I contact DCU directly with my question.

	I responded with the following mail message.

--------------------------------------------------------------------------------

From:	GUFFAW::GRANSEWICZ   "REAL CHOICES for a real credit union"  6-APR-1992 11:31:27.53
To:	PICKET::LENGLE
CC:	GRANSEWICZ
Subj:	RE: Resend April 1 note


							April 6, 1992

	Ms. Lengle,

	I am in receipt of your mail suggesting that I contact DCU directly
	concerning my question of who read or had access to my candidate
	statement prior to its release to the DCU membership in the
	official election materials.  As Chairperson of the Nominating
	Committee, you and your committee were responsible for the 
	confidentiality and safeguarding of my candidate statement.  I
	was required to submit my candidate statement to *your* committee.
	Therefore, I find your re-direction of my question to be totally
	inappropriate and an evasion of your responsibilities to me as a
	board candidate and member of DCU.  I am now *demanding* that you
	inform me who your committee allowed access to election materials
	submitted to you in confidence.
	

	Regards,

	Philip Gransewicz
	DCU "REAL CHOICES" Board Candidate

--------------------------------------------------------------------------------

	I have received no response from Ms. Lengle.

	I called DCU and spoke with Patty D'Addieco.  She stated that DCU 
	had made all candidate statements available to whoever requested them
	after they went to the printer.  She did not keep track who they 
	were given to.  All the candidate statements were given to DCU 
	employees several days prior to their being sent to the rest of the 
	membership.  She stated that it was no big deal since all the 
	statements were going to be sent to the membership in a few days.
	Along the same lines, I have been requesting the 1991 annual financial
	reports.  DCU refuses to release them until the annual meeting this 
	Thursday.

--------------------------------------------------------------------------------

T.RTitleUserPersonal
Name
DateLines
528.1COGITO::AHERNWe can vote REAL CHOICES for DCU!Mon Apr 20 1992 09:386
	>The following writeup was sent to the Cape Cod Times along with a
	>"Vote for a Qualified Board!" flyer in an envelop that was postmarked
	>in Boston on March 16th.  
    
    Was this published in the Cape Cod Times?  If so, when?
    
528.2A lotta nerve!XCUSME::LEVYMon Apr 20 1992 09:5614
    There was no such thing as "Real Choices Candidates" at the Special
    Meeting.
    
    I must say that it is becoming curiouser and curiouser what the
    motivation could possibly be for these people to act the way
    they have been acting.
    
    It looks like Ms L was passing on material even before the submitter
    was contacted that his statement had been accepted. Is this correct?
    
    .....amazement.......I'll slowing close my mouth with my hand...
    and get on with the day.......
    
    Janet
528.3RANGER::CANNOYPerpendicular to everything.Mon Apr 20 1992 10:242
    So how do you suppose the election will be invalidated? Frankly I am
    expecting that.
528.4TOMK::KRUPINSKIStill a slave of CongressMon Apr 20 1992 10:5543
	Generally, when one uses words like "me" and "I", the name of person
	referred to is available. I wonder why the person chose not to sign
	it. He or she apparently did not believe in the content enough to
	stand behind it with his or her name...

	Just a few comments...


>	The nominated candidates clearly have the experience, 

	Can't disagree with that. Of course, all 21 candidates were nominated.
	9 were nominated be 3 members, 11 were nominated by over 500 members!

>	A Board dominated by "Real Choices" candidates leaves me VERY 
>	UNCOMFORTABLE about the credit union's future financial stability.

	But apparently not sufficiently uncomfortable to back up your
	statements with your name.

>	Progressive credit unions, like DCU, eliminated this system years ago
>	because it resulted in increased loan losses, slower service and less
>	confidentiality.

	Sorry, but I don't see the increased loan losses which resulted from
	elimination of the member credit committee as a good thing. Lets
	restore the member credit committee, and eliminate those losses!


>	MEETING MEMBER NEEDS (bolded and underlined) - The "Real Choices" 
>	candidates promise to restore members rights by ensuring all bylaw 
>	changes are approved by the membership.  Paul Kinzelman knows this 
>	is a false promise.  In a letter to Paul, NCUA, the federal regulatory
>	agency, stated that "Only Federal Credit Union directors, rather than
>	its members, may amend bylaws".

	But if by-law changes are submitted for NCUA approval *only* *after* 
	approval by members, then both are satisfied. Not a false promise at 
	all.


	Phil, did you contact the reporter to rebut this stuff?

						Tom_K
528.5Some are just gluttons for punishment...VMSDEV::FERLANDECamds progress in revolutionMon Apr 20 1992 11:1118
    
    
    
    Jeez, to me it sounds like a 'member' of the Nominating Committee with
    a great deal of *interest* as to whom becomes the next board of director's
    could have anonomously sent this... The wording sounds very familiar to
    what I (and others) heard on a certain journey around the facilities...
    Also, this same individual had the same type of 'speach' at the special
    meeting...
    
    This of course is my opinion...  No accusations, but rather a half 
    educated guess 
    
    
    
    John
    
    
528.6AOSG::GILLETTPetition candidate for DCU BoDMon Apr 20 1992 12:0633
re: .5

It's my understanding that DCU made all the candidate statements available
to all its employees prior to the publication of the official ballot.  The
list of people who had access to this material before the "rest of us" is
larger than just the nominating committee.

The document is a real slime job from the word go.  There are complete and
utter fabrications in it, and it makes some incredible assumptions (like
that since a candidate didn't mention financial soundness in their writeup
then they are obviously not committed to that principle).  It talks about
how Real Choices candidates intend to close branches and pull the plug on
ATMs to save money.  I've never heard a candidate in this election advocate
shutting down ATMs.  

The harping in hear about Phil claiming that Mangone had a favorable loan
(which would be illegal) is the same junk that the "BoD Responds to 
Misinformation" piece we enjoyed so much before.  

It's almost humorous to read this document until you realize that it's the
only 'information source' that some voters may have had.  I'd really like to
know what the circulation of this piece of junk is/was.

In this election we've seen all sorts of "campaigning" by anonymous sources
intent on discrediting the Real Choices candidates and casting aspersions
on their character, fitness for office, and moral fiber.  While I won't 
talk at length about what this sort of campaigning means, I will say that
despite our many imperfections, Real Choices candidates and their supporters
have never been afraid to sign their writings, and have never been afraid to
have people know who they are and what they stand for.

./chris

528.7GUFFAW::GRANSEWICZREAL CHOICES for a real CU!Mon Apr 20 1992 12:4485
    
RE: .1
        
>Was this published in the Cape Cod Times?  If so, when?
    
    No it was not.  Anonymous material of such a nature is never published
    unless the newspaper is itching for a law suit.  But in this case, the
    reporter (Susan Milton) is extremely knowledgeable about the situation.
    
RE: .2
    
    >There was no such thing as "Real Choices Candidates" at the Special
    >Meeting.
    
    Janet, now please don't interject real facts into this.  ;-)      
    
    >I must say that it is becoming curiouser and curiouser what the
    >motivation could possibly be for these people to act the way
    >they have been acting.
    
    The $64,000 question that keeps coming up.  At this point, considering
    everything we have seen, I am almost afraid to find out, but more
    committed than ever to doing so.
    
    >It looks like Ms L was passing on material even before the submitter
    >was contacted that his statement had been accepted. Is this correct?
    
    I don't know who or where the leaks were coming from.  Remember that
    our friend Chuck Cockburn was also on the "independent Nominating
    Committee".  However, as Chairperson of the committee, I do hold Ms.
    Lengle accountable for this. 
    
>    So how do you suppose the election will be invalidated? Frankly I am
>    expecting that.
    
    Hmmmm, good question.  You think DCU & DEC want to keep this nightmare
    to continue longer?  Their actions throughout this election do raise 
    some very tough questions though about elections and interference.
    
RE: .4
    
    	>Generally, when one uses words like "me" and "I", the name of person
	>referred to is available. I wonder why the person chose not to sign
	>it. He or she apparently did not believe in the content enough to
	>stand behind it with his or her name...

    Embarassment?  Fear of law suits?
    
   >Phil, did you contact the reporter to rebut this stuff?
    
    No need to. 
    
    RE: .5
>    Jeez, to me it sounds like a 'member' of the Nominating Committee with
>    a great deal of *interest* as to whom becomes the next board of director's
>    could have anonomously sent this... The wording sounds very familiar to
>    what I (and others) heard on a certain journey around the facilities...
>    Also, this same individual had the same type of 'speach' at the special
>    meeting...
    
    Hmmmm...  now that you mention it.  
    
>    This of course is my opinion...  No accusations, but rather a half 
>    educated guess 
    
	Now John, be careful about making 'educated guesses' because we all
    know how stupid we are.  We just don't have what it takes to deal with
    such a financial organization as DCU and the people who would issue
    such garbage.  8-)
    
    
    I guess this points out what many of us, particularly myself, have been
    dealing with along the way to a reborn DCU.  I have never gotten
    involved in such an 'adventure'.  It is definitely the first time I
    have anything to do with running for an office.  I guess politics, even
    at the credit union level, is just plain dirty.  You never realize how
    dirty until you step foot in the ring.  It is definitely not the place
    for the faint of heart.  If my writings or opinions in here have seemed
    a bit hard, it is because of things like this.  I have seen many others
    also undergo the transition after having experienced the 'slime' first
    hand.  From a safe and comfortable distance, this all appears like so
    trivial.  I believe you would not feel that way if you experienced
    1/10th of what many of us have had to deal with in this situation.
    Now what was that statement about walking a mile in my mocassins?
    
528.8Politics is *bad* stuff!SQM::MACDONALDMon Apr 20 1992 13:3613
    
    Re: .7
    
    Oh yes, politics on any level is gritty stuff.  I served on a local
    school board for one three year term.  It constantly amazed me how
    seriously certain people took the whole thing, the games they wanted
    to play, and to what lengths they were willing to go to get things
    done their way.  It makes me shiver to think of what must go on with
    national politics when I think of what I saw going on within just one
    NH town's school district.
    
    Steve
    
528.9FIGS::BANKSStill waiting for the 'Scooby-Doo' endingMon Apr 20 1992 15:007
Why would they act like this?

I still get the impression that someone thinks it's "their" DCU, and they
just don't want anyone "taking it away" from them.

I don't see why we need to ascibe any evil motives to this when it's easily
explainable by normal human nature.
528.10Does "0" really describe "human nature"?XCUSME::LEVYMon Apr 20 1992 15:169
    I'm not sure what you mean by "normal human nature", but integrity
    and honesty doesn't seem too much to ask for in someone who wants
    my vote. I'm not cynical enough yet to give up on having quality
    directors on the board.
    
    I don't see the need for "anonymous slime".
    
    Janet
    
528.11FIGS::BANKSStill waiting for the 'Scooby-Doo' endingMon Apr 20 1992 16:409
Well, no one said that human nature was all good.

Yes, I agree with you 100%.  I'd like to vote for someone with some integrity,
and no, I haven't given up on the idea of quality directors.

The point I was trying to make was that perhaps the reason people have been
acting the way they do has more to do with protecting their own interests,
rather than hiding some deep, dark secrets.  Either way, it boils down the
same way for me:  I want them out of there.
528.12How do you spell relief? E_F_T !MIMS::PARISE_MWed Apr 22 1992 00:5821
    
I've been following this appalling DCU saga for at least a year.  
It is so unnerving that these incidences persist in a continual series
of discovery.  Surely any reasonable person will have serious reservations
with regard to the veracity and credibility of the current management.
I am equally dismayed at Digital's apparent complicity in the whole
sordid affair.  Digital's transparent attempt at interference in the
election process of the Board of Directors should be rightly rebuked.  
Digital's admitted intimacy with the nominating process,  as well as 
its obvious partiality to the committee nominees was politics
at its worst, and should be an embarrassment.

There are individuals who deem their interests to be above accountability.
That is a very disconcerting attitude for individuals in financial
positions of trust.

Can you ever re-gain credibility?

Absolutely numb with disbelief!

Mike