Credit Union Journal is reporting that Har-Co FCU has submitted its applications to the Office of Thrift Supervision and the Federal Deposit Insurance Corporation to switch from a credit union charter to a mutual savings bank charter.
Credit Union Journal also stated that Har-Co is still waiting for NCUA to approve its member disclosures before proceeding with the balloting.
If members approve the charter switch, the new entity will be called Har-Co Federal Bank.
Read Credit Union Journal story (subscription required).
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