The membership of HAR-CO Federal Credit Union has approved the Board’s proposal to convert from a federal credit union charter to a federal mutual savings bank charter.
Over 58 percent of voting members casted ballots in favor of the proposal.
HAR-CO reported that over 5,000 of its members voted on the proposal.
HAR-CO will continue to operate as a credit union until it receives final regulatory approvals. It expects the closing of the charter conversion transaction will take several months to complete.
Read the announcement.
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