Baltimore-area CU said more than 5,000 members voted and 58% approved.
Marking its second merger bid in two weeks, Connexus Credit Union of Wausau, Wis., said members of $45 million Tower CU approved its offer.
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.
In a statement, the league stressed that it is important for credit unions to consider the interests of their members first and foremost.
Two brothers arrested, charged in financing fraud case.
A lawsuit filed more than three years ago arising from a dispute over a credit union to bank charter change attempt is still dragging on through the Texas courts and promising depositions of many involved in the charter change business.
The members of the $193 million HAR-CO Federal Credit Union have voted to approve the credit union's change to a mutual bank charter, according to an announcement from the CU to its members. The credit union did not returned calls seeking comment on the vote.
If the roughly 73,000 members of Technology Credit Union, a $1.5 billion institution headquartered in San Jose, Calif., vote to convert to a mutual bank charter, they will likely find their increased expenses not restricted to taxes alone, according to CUNA Chief Economist Bill Hampel.
Maryland credit union's membership approves charter change.
Technology CU members will determine what they want in their CU's future; Bank of America has fiduciary duty to recoup interchange losses.