The Verdict

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Off we went to the Maleny Community Centre with many others to vote on the fate of the Maleny Credit Union.

The hall was filled to capacity and the meeting became a little heated at times.  Some of the speakers were heavy on emotion and light on facts but that is what a democracy is all about.  Everyone who wished to, was given an opportunity to speak.

There were several television crews so I expect the issue will receive plenty of coverage.

Here is a view of some of the crowd.

And then it was time to vote.  The Chairman of the Board of Directors announced the proxies that he held and it was evident that the ‘NO’ campaign was sniffing success.

There was still the casting and counting of votes.

Then it was all over, the votes counted and results declared.  A ‘YES’ vote of 75% was required for the merger to proceed but this did not occur.  The ‘YES’ vote was only 42% which was well short of the required figure.

When summing up the Chairman of the Board of Directors announced that it would be business as usual on Monday at Maleny Credit Union.  Click here to read the media release from the website.

It was back out into the sunshine….

Time to celebrate, reflect and plan the next strategic move, perhaps?

At the Upfront Club, another Maleny co-operative.

I am pleased with the result but know that like many battles this is just the first round.  Whether Maleny Credit Union continues in its current form in the long-term is still a debateable point.

What I do know is that the chance of it disappearing completely with barely a whimper from the local community is not going to happen.  I feel that the Directors misread the strength of community sentiment about this institution and were not pro-active in engaging community participation and consultation if there is to be a significant change to the structure of Maleny Credit Union.

As a footnote:  Acknowledgement should be given to the legacy of Jill Jordan who was instrumental in setting up the Maleny Credit Union as well as many of the other co-operative ventures in this town.  Jill passed away in early 2010.  You can read more here and here.

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