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."
The $1.2 billion Greylock Federal Credit Union of Pittsfield, Mass. is merging tiny Steinerfilm Employees FCU of Williamstown.
The $1.3 billion Greylock Federal Credit Union, headquartered in Pittsfield, Mass., is focused on damage control and recovery in the wake of a series of revelations and resignations from some of its leaders.