Beehive Members Vote for Charter Change
February 20, 2008
The Independent Inspector of Election (Carr Printing Company, Inc., Election Division) reported today to Beehive’s Board of Directors that Beehive Credit Union members have approved the Plan of Mutual Charter Conversion by which Beehive Credit Union proposed to convert its charter to that of a member-owned federal mutual savings bank, with the certified tally of 53 to 47 percent. Ballots were cast by approximately 36% of members who were eligible to vote on the proposal.
“We extend our heartfelt thanks to members who exercised their right to vote and look forward to maximizing convenience and continuing to provide high quality products and services to our members now and into the future,” said Beehive President Scott Jorgensen. The charter change will be completed as soon as practicable following the receipt of applicable regulatory approval from the National Credit Union Administration, Office of Thrift Supervision and Federal Deposit Insurance Corporation.
For questions about the charter change, please call 801-484-8811.
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