First Basin Credit Union Files Suit Over Bank Conversion

Staff Report
NewsWest 9

ODESSA - The controversy surrounding First Basin Credit Union in Odessa is not over yet.  

The Credit Union has filed a lawsuit against the people and groups they say kept them from becoming a bank.  

The lawsuit claims six people, along with the Self Help Credit Union, and the National Center for Member Trust, used the media and other outlets to spread misinformation to their members ahead of a vote that would have allowed to become a full fledged bank.  

First Basin is seeking damages against the defendants for losses they say they suffered thanks to the campaign against the change.