Some members of a Maryland credit union are trying to join the board and protesting a management decision to hold the May 17 annual meeting at a Virginia country club.
Two members of the $370M Maryland credit collect signatures to add their names to annual meeting board ballots.
Payment, charter and capital issues among topics at world meeting.
Rhode Island community bank was credit union until 2009 conversion to mutual charter, now seeking further charter change.
Richard S. Garabedian, a Washington attorney who specializes in credit union charter conversions, doesn’t think HarborOne Credit Union’s conversion to a state co-operative bank, approved by its members last Monday, will trigger a wave of credit union charter conversions.
Industry observers point to credit unions buying banks, note that Boston conversion involves unique state charter.
Regulatory hurdles remain after Boston credit union's members approve change to co-operative bank charter.
Boston-area credit union founded in 1917 now to make move to mutual co-operative bank charter.
Members will cast their vote Monday on whether to convert the $1.8 billion HarborOne CU in Brockton, Mass., to a mutual co-operative bank charter.
Special meeting date falls 13 months after Boston-area credit union first announced its intentions.