As annual meeting convenes, California credit union says it's awaiting NCUA clearance on disclosure materials.
Suburban Boston credit union, in interview with local newspaper, explains next steps in proposed changeover to bank.
Suburban Boston credit union says board gave go ahead Thursday night.
Vote on plan to proceed with conversion to mutual bank was scheduled Wednesday.
When a credit union makes the announcement that it is planning to convert to a bank, it almost always throws the industry into a tizzy.
The proposed conversion of the $1.8 billion HarborOne Credit Union to a mutual bank triggered fresh industry debate last week about the impact and efficacy of conversions as the Brockton, Mass., CU formally tendered its resignation from CUNA and the Massachusetts Credit Union League.
Is conversion bid a sign of things to come? That's one point raised in this look at an article from next week's print edition.
Industry participants aren’t sure whether HarborOne Credit Union’s possible conversion signals a growing trend or is just an aberration.
Washington attorney Steve Bisker says the 141,000-member HarborOne is at only 20% of its member business lending cap.
The 144,000-member, $1.6 billion Apple Federal Credit Union, Fairfax, Va., has become the first large credit union to leave CUNA this year. Three other large CUs, two from New Mexico and one from Texas, left the trade group last year.