Ugh, my favorite #CreditUnion in #Vermont has just proposed a bylaws amendment that would give the board the power to modify both the bylaws and the charter without ratification via member referendum. Which would remove a major #DeMutualization firewall.
Hopefully the campaign to reject the proposal can be more of a call-in than an antagonistic messy governance fight. But, regardless, I'd really rather not need to spend energy on this... 😞
Wanna help derail the #demutualization of #truevalue hardware? RT this: https://twitter.com/MattCropp/status/974783797236588553?s=19
Interesting recent paper on #CreditUnion #demutualization dynamics: https://www.researchgate.net/publication/242341071_Credit_Unions_and_Demutualisation
@stefanieschulte @ebel @vfrmedia
Yup, in #UShistory, "carpetbaggers" was a used by southerners during Reconstruction post-Civil War to describe opportunistic northerners coming south. Definitely some problematic racial history to the term.
That said, people entering a #coop or #mutual organization with the intention of advocating for and profiting from #demutualization are some of the lowest form of scum in my book... 😡
