LAKE BUENA VISTA, Fla. — Gaming, solar projects and small business lending are promising niches.
Suburban Boston credit union says board gave go ahead Thursday night.
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.
"Cooperative bank charter" may exist only in Massachusetts law; CEO says "we have to compete with everyone in the market."
Problems at corporate credit unions aren't driving a mass exodus of members seeking other providers.
Despite problems in the corporate credit union system, the Federal Home Loan Bank of San Francisco is not reporting an increase in credit unions signing up for membership.
The string of credit union CEOs who lose their jobs after they lead their institutions to change to bank charters continues.