NCMT is an independent organization which has aided credit union members around the country who have sought to oppose their credit union’s moves to convert to bank charters. Culpepper called such members in First Basin’s case mere “puppets” for the NCMT and depicted the credit union industry as victim to a “hapless” situation.
“The Save First Basin group appears to be merely puppets for a well-funded, radical credit union industry group based in North Carolina. Its hidden agenda is to preserve the hapless status quo in the credit union industry. These outsiders have no stake in our community or our credit union, but they routinely interfere with credit union charter conversions across the country. We have to start with deposing Ayala-Moreno, Uranga and Acosta in order to reach the real culprits.”