Now there are two large credit unions, the $1.8 billion HarborOne Credit Union of Brockton, Mass., and the $1.5 billion Technology CU of San Jose, Calif., making plans to convert to mutual bank charters.
A third credit union pursuing charter change is the smaller $193 million HAR-CO FCU, based in Bel Air, Md.
The news of the latest conversion consideration by HarborOne involves special historic twists in structure and seemed to jolt the industry.
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