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Credit union frustration over NCUA assessments coupled with the inability to raise capital and expand business lending to compete with banks apparently helped spur HarborOne CU’s proposal to convert to a bank, industry analysts said Wednesday.

Just how many other large or mid-size CUs might soon look seriously at following the lead of the $1.8 billion HarborOne of Massachusetts was a question mark. Conversion consultant Alan Theriault of Portland, Maine said he knows of at least one billion-dollar CU ready to make the switch and a handful of $200-$400 million CUs in the same boat

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