NCUA Board Chairman Debbie Matz doubts a conversion of the $1.8 billion HarborOne Credit Union to a bank would benefit most members.
Community works by credit unions across the country.
Suburban Boston credit union, in interview with local newspaper, explains next steps in proposed changeover to bank.
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.
Credit unions are financial pillars of their respective communities. They are small businesses. Many credit unions serve small businesses and are looking for ways to start or beef up business lending programs.
Get together and use social media, flash mob idea to support member businesses and the members they support.
In a statement, the league stressed that it is important for credit unions to consider the interests of their members first and foremost.