Members will cast their vote Monday on whether to approve or reject converting the $1.8 billion HarborOne Credit Union in Brockton, Mass., to a mutual co-operative bank charter.
Operating as a credit union since 1917, HarborOne has grown to become the largest state-charted credit union in New England. Nevertheless, the longstanding credit union has said its reasons to convert were the flexibility to expand HarborOne's markets and customer base, increase its lending authority, including small business lending, and gain access to additional capital.
“The member meeting is at 5 p.m. at the Shaw's Center in Brockton,” said James Rice, HarborOne's vice president of marketing. “We do not know how long the meeting will last as members will have the opportunity to express their opinion on the charter change, and we cannot predict how many will choose to do so.”
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