Washington attorney Steve Bisker says the 141,000-member HarborOne is at only 20% of its member business lending cap.
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.
The Massachusetts Division of Banks provided new legal detail Thursday on the notice by HarborOne CU on its plans to convert to a mutual savings bank this fall.
"Cooperative bank charter" may exist only in Massachusetts law; CEO says "we have to compete with everyone in the market."
Financial Center, Indianapolis, has raised more than $26,000 for the American Red Cross, contributing to the Haiti earthquake relief effort.
Financial Center, Indianapolis, has raised $26,267.93 for the American Red Cross, contributing to the Haiti earthquake relief effort. The funds will provide
WASHINGTON -- Credit union leaders and executives celebrated some of their industry's efforts to help students and immigrants better their financial lives at the National Credit Union Foundation's 2010 Wegner Awards dinner.