UWCU: Give member-owners back their rights!

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UWCU: Give member-owners back their rights!

UWCU Board of Directors

UPDATE JUN 2ND - IF YOU HAVEN'T OPTED OUT YET to UWCU's sweeping changes to the membership agreement, take one minute and send a secure message right now saying, "I elect to opt out of the Arbitration Agreement." Better to be safe than sorry!

Last Friday, UWCU began saying that you could opt out of the forced binding arbitration changes by sending a "secure message" sent through online banking. (Previously, they had said they would only accept a written letter.) So you can (LAST DAY IS TODAY) send a secure message through online banking that says, "I elect to opt out of the Arbitration Agreement." That's it! You've saved your rights!

Want to get involved? Sign the petition and check one or more of the boxes under "joining the campaign effort." We'll be in touch!

AND PLEASE SPREAD THE WORD! Thank you!

The UWCU Board of Directors has approved sweeping restrictions to our rights as members and owners of the credit union. Unless you opt-out (see instructions here) by June 2nd, 2021, you will give up your right to seek redress from the credit union in a court of law or to join a class action lawsuit, in the event that the credit union breaks the law and members need justice through the courts.

This action is profoundly anti-member and anti-democratic, and may represent a change in the commitment of management and the board to cooperative principles and values. If this action is permitted to stand, what will be the next anti-member change? We may lose our ability to stop it in the courts.

Please sign and help us reach 500 signatures. If we can show members are paying attention, we'll have the power to change the credit union. We are also asking the credit union to honor the signing of this petition with name and mailing address to be sufficient intent to "opt out" of these changes by members, preserving your right to the courts. (Want more info? Click here.)

Sponsored by

Concerned UWCU Member-Owners

Madison, WI

To: UWCU Board of Directors
From: [Your Name]

We, the undersigned member-owners of the University of Wisconsin Credit Union (UWCU), call upon our elected directors to reverse the changes to the UWCU member agreement that would force binding arbitration on member-owners and require them to waive their civil rights to seek redress in a court of law, a trial by jury, and to join a class-action lawsuit.

Furthermore, we seek a response from the board at the annual meeting, Tuesday May 25th, describing how this decision was arrived at, including the minutes of board meetings where it was discussed and a commitment to notify members and allow us to attend any future board meetings where changes to the bylaws or member agreement will be on the agenda.

Read the full letter here: http://bit.ly/UWCU-letter