When the business day begins on Monday morning, July 1, the $1.8billion HarborOne Credit Union in Brockton, Mass., one of the oldestcredit unions in the country, will open as HarborOne Bank.

James Blake, HarborOne president/CEO, said he has received thenew charter documents from the Massachusetts Secretary of State. OnThursday, he said, he also received final approval to be insured by the FDIC.

“This (charter) change (from a credit union to a mutualco-operative bank) is to make sure we have the flexibility to behere 20 years from today,” Blake said.

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