Monday, March 18, 2013

HarborOne Members Vote to Become a Mutual Bank

HarborOne Credit Union members voted by a large margin to approve a charter change that will allow the credit union to become a mutual cooperative bank.

HarborOne President and CEO James Blake told The Enterprise on Monday that 62 percent of the 22,433 votes cast were in favor of approving the change to a bank.

Read the story.

2 comments:

  1. Now that is a novel concept to escape NCUA Corporate Stabilization expenses going forward. Swap your NCUA Charter for a Bank Charter. As we see the billion $ credit union's exit the NCUA how much more will the remaining credit unions have to pay to compensate for the exodous? The line to exit has begun.

    ReplyDelete
    Replies
    1. ..THROUGH the exit...

      Delete

 

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