First Basin fight
THE STORY: The day before the annual members' meeting for First Basin Credit Union, the continuing fight within the institution took another step - a petition was filed in Judge Stacy Trotter's 244th district court on behalf of Save First Basin members.
THE POLL: Should new people be elected to the board at First Basin?
>> Yes: 56 percent (5 votes).
>> No: 44 percent (4 votes).
YOUR COMMENTS:
>> "Oddly, I didn't know First Basin had been around for "decades", was it called something else before?"
>> "Here's a great example of people defending their own rights. A credit union is formed for the particular benefit of a group of people, rather than trying to be all things to all people. First Basin has been very successful for many years in meeting the needs of its members. When institutions take on new roles and different roles, disaster often follows. Bear Stearns was one of the world's largest investment banks before they became involved in hedge funds and subprime mortgages. Today, thanks to their own financial shenanigans, they do not exist. Anything wrong with meeting the needs of your own members for decades and staying a strong and reliable institution for those members? No. Good luck to the 3 trying to do the right thing in the board election, and bless them. If more folks would take direct action, many of the messes of today's world would not exist."
