Conference 7.286::dcu

    Does anyone know how big Northern Telecom is in the U.S.?  I know they
    have a large facility here in the Dallas area.  I'm surprised they
    don't have their own CU.
    
    The bad news is that there are some former DECies at NT who were less
    than pleased with the old DCU.  I hope some effort is made to convince
    them to give DCU another chance.
    
    Bob

Bob,

The folks from Northern Telecom who can become DCU members are only in Georgia.
As you said, they were displeased with the service they were receiving from
their credit union, and saw the advantages of the Alpharetta DCU branch.

Elaine

    That's interesting.  I didn't know a CU could work that way.
    
    Bob

Northern Telcom is hq'ed in Tennessee. The reason the NT credit
union agreed to let DCU serve their members in Georgia is that
there is NO branch in Georgia.


Gim

    I'll ask the obvious dumb question.
    
    Since Northern Telcom 'agreed' to let DCU serve their member in Georgia
    since NT doesn't have a branch in Georgia, how come DCU can?  I don't 
    know of any local DCU branch in Georgia.  HOw can DCU do it and not NT?
    Or are we going to pay big $$$ in the name of expansion?
    there's more here, folks.
    ed
    

    re: .5
    
    I suggest you read the last line of .2 VERY CAREFULLY.
    
    Bob

I think I said we have a branch in Georgia, in Alpharetta.  That's what made DCU
attractive to the local NorTel employees.

DCU is not planning to spend millions to add a couple members to the ranks.

Elaine

Re .-*, OK - how about the reverse?  Will DCU let other CUs serve
their current members if DCU does not have a branch in town?

--svb

This response is from me, speaking for myself only, and not for the DCU
or the other BOD members.

It's  hard to answer a general question.  But I would say this.  If 

	 A group of Digital employees working in a building in a
	 location where the DCU does NOT have a branch 

		and

	 There is a credit union with a branch in the same building
         (not across street, not across town, etc.) 

then I would have to agree with the request for the other credit
union to serve the group of Digital employees. The goal of the DCU
is to become the PRIMARY financial institution of its members; not the
sole institution.  The plans being put forth for next years lead me to
believe that the DCU can acheive the goal of being the primary financial
institution.

I have attached a copy of the 6/26/95 Minutes (before I became a 
board member) which summarizes what happened in Alpharetta:

    Digital Employees' Federal Credit Union
    Board of Directors' Meeting
    Monday, June 26, 1995
    
    Nortel (Northern Telecom, Inc.) has asked DCU to provide service to
    their employees in Alpharetta, GA.  The 750 employees, located in the
    same building as DCU's Alpharetta Branch, are currently included in the
    field of membership of Nortel's credit union in Tennessee.  DCU will
    request a field of membership overlap from the NCUA in order to provide
    service and management is awaiting comment from the Tennessee credit
    union before submitting DCU's application to the NCUA.
    
    Management recommended that the Board of Directors approve Nortel's
    request for service, subject to approval by the NCUA.
    
    * It was moved by Ms.  Dawkins and seconded by Ms.  Mann to approve the
    above recommendation as written.  Motion carried unanimously.
     

Gim

>Re .-*, OK - how about the reverse?  Will DCU let other CUs serve
>their current members if DCU does not have a branch in town?

What am I missing here?

To my knowledge, no CU has the "power" to prevent it's members from belonging
to any other CU which is willing to extend its field of membership to them.
It doesn't work that way.

RE: .10

There are ways that a person can be eligible for membership in more than one
credit union.  In one case where an employee of Digital can be a member of DCU,
but can also be a member of a community-based credit union, such as St. Mary's
Credit Union.  But another sponsor-based credit union, such as Direct Federal
Credit Union, could not accept Digital employees into their Field of Membership
without first getting permission from Digital, DCU, and also the NCUA.

In a nutshell, you can have overlapping FOMs with community-based credit unions,
but not with sponsor-based credit unions, unless you have special permission.

Elaine

>In a nutshell, you can have overlapping FOMs with community-based credit unions,
>but not with sponsor-based credit unions, unless you have special permission.

It seems to me there is plenty of opportunity of overlapping fields of
membership:

My daughter is eligible for DCU based on me, whatever credit union is
sponsored by her employer(if it had one), and possibly one sponsored by
her spouse (if she had one). None of these need be community based.

Were I to leave DEC, I could still be a member of the DCU and another
credit union based on a new job.

And couldn't somebody (say the IEEE) establish a credit union whose field
of membership was all computer professionals?

	Paul

    I am  DCU membeer, and a member of the Leomister Credit Union, was once
    a member of the Workers Credit Union.  I don't see anything that
    prevents me from joining a dozen credit unions, as long as they'll have
    me.
    
    Mark

    Re: .12 and .13
    
>    I am  DCU membeer, and a member of the Leomister Credit Union, was once
>    a member of the Workers Credit Union.  I don't see anything that
>    prevents me from joining a dozen credit unions, as long as they'll have
>    me.
    
    You are correct here. But, as an example, the Raytheon Credit Union
    cannot open its field of membership to include Digital employees
    without the DCU's approval.  
    
    However, nothing prevents  you from joing the Raytheon Credit Union
    if your spouse is a Raytheon employee and spouses are eligible to join.
    
    Gim
    
    
    
    
    

That's right.  In the particular case we started talking about, Northern Telecom
employees were already part of a field of membership just for them. So we had to
get permission from the governing authorities to add a group of them,
specifically those who work in Georgia, to our field of membership.

Hope this helps.

Elaine