T
It is unfair and dishonest to tell people that this is for their benefit. These people may well trust the CU and apply the same logic to credit card debts, mortgages etc.
ted, do you realise how bad that sounds? for me it contains a strong implication about CU attitudes towards the intelligence of their existing customers.I think it is fair to say the CU movement has been slow to adapt to very sophisticated, financially aware customers and they will need to adapt to the accepted standards to survive.
the advice to do this does not benefit the customers, it benefits the cu itself
so what benefits the CU does benefit the members.
I trust you'll let them know of your dissatisfaction.
the relevant legislation does not permit proxy voting for CU's.
From [broken link removed]Proxy votes are allowed accoding to the annual report. It's just that they don't send out proxy forms in advance of the meeting.
So unless you can claim that you are not a 'natural person', they are correct in not sending you proxy forms.(3) Subject to subsection (4), a member of a credit union may not vote by proxy at a general meeting of the credit union.
(4) Where a member of a credit union is not a natural person, that member may be represented at a general meeting by a representative who may vote on behalf of the member if—
( a ) the representative is duly authorised in writing by the member to do so; and
( b ) the board of directors of the credit union have, expressly or by implication, accepted that authorisation;
and such a representative shall be entitled to exercise, on behalf of the member, the same powers as the member could exercise if the member were a natural person.
Hi Darag - You seem to be missing the point which Tedd made earlier that
being a mutual organisation, the CU IS the members - so what benefits
the CU does benefit the members.
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