According to local news reports, Monterey Credit Union's mutual bank conversion effort is merely the first step.
Regulators don't have a charter conversion application from the $209 million credit union, which sent ballots to members in May.
The $209 million California credit union cites limits on business lending as its reason to leave the credit union fold.
CEO Jeff York explains the whys and hows of his $740M shop's decision to leave the federal fold.
One year after converting to a bank charter, HarborOne is not as profitable as hoped.
The strategy gap between mainstream and low-income credit unions no longer exists.
Free Feb. 19 event will review when to expand, types of federal charters and expansion requirements.
This online only article accompanies the comprehensive looks at the year gone by in the Dec. 21 Year-in-Review print edition of Credit Union Times.