The Massachusetts Credit Union League took a dim view of HarborOne Credit Union's announcement earlier Thursday that it was considering converting to a bank charter.
In a statement, the league stressed that it is important for credit unions to consider the interests of their members first and foremost.
"The league strongly believes the member-owned, not-for-profit credit union charter is the charter of choice for providing the public with consumer-friendly financial products and service," said league President Daniel F. Egan Jr.
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