Massachusetts Credit Union League

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  GFA FCU's Bank Buyout Grabs Industry Interest

  By Jim Rubenstein  |  April 1, 2012

  The proposed buyout by GFA Federal Credit Union of a troubled New Hampshire savings bank continues to generate industry interest but with a pivotal question: Can the credit union and bank clear the legal hurdles with the NCUA, the Comptroller of the Currency and the FDIC.

• HarborOne Plans to Send Conversion Ballots by Mail

  By Jim Rubenstein  |  March 30, 2012

  Suburban Boston credit union, in interview with local newspaper, explains next steps in proposed changeover to bank.

• Harbor One Goes Forward With Bank Conversion Plans

  By Jim Rubenstein  |  March 22, 2012

  Suburban Boston credit union says board gave go ahead Thursday night.

• No Word on HarborOne Board Conversion Vote

  By Jim Rubenstein  |  March 21, 2012

  Vote on plan to proceed with conversion to mutual bank was scheduled Wednesday.

• HarborOne Bid Triggers More Debate

  By Jim Rubenstein  |  March 11, 2012

  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.

• Planned Buyout Shows Banks, CUs Can Work Together

  By Jim Rubenstein  |  March 9, 2012

  GFA FCU CEO said her credit union is showing by example that credit unions can work with community banks as it moves toward purchase of a New Hampshire mutual.

• HarborOne Bid Triggers More Debate: Print Preview

  By Jim Rubenstein  |  March 9, 2012

  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.

• HarborOne Quits CUNA, League While Ex-NCUA Attorney Disputes Conversion Rationale

  By Jim Rubenstein  |  March 7, 2012

  Washington attorney Steve Bisker says the 141,000-member HarborOne is at only 20% of its member business lending cap.

• HarborOne Chafes on FOM and Regs

  By Jim Rubenstein  |  February 26, 2012

  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.

• Possible HarborOne Conversion Would Chart Unusual Course

  By Jim Rubenstein  |  February 17, 2012

  "Cooperative bank charter" may exist only in Massachusetts law; CEO says "we have to compete with everyone in the market."