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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.

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Peter Strozniak


Credit Union Times

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