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.
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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..THROUGH the exit...
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