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.
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2 comments:

  1. AnonymousMarch 18, 2013 at 1:44 PM

    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.

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