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.
In September, members of Technology Credit Union voted resoundingly to reject a proposal to convert their institution to a mutual bank.
Members of Technology Credit Union voted to reject a proposal to convert their institution to a mutual bank.
Final tally: 4,136 for, 13,819 against changing to a bank.
Bank conversion rejected, dissident members now polling on Facebook about possible board recall effort.
Seventy-seven percent of voting members cast ballots to remain a credit union.