Two Technology Credit Union members have joined forces to fight the potential coversion to a bank charter. Carlos Rodriguez and Robert Marinace announced July 18 the creation of “Save TCU,” a group to organize other members opposed to the move.
The 70,000-member, $1.7 billion Technology Credit Union of San Jose, Calif., has broken new ground in its attempt to convert to a mutual bank charter.
As annual meeting convenes, California credit union says it's awaiting NCUA clearance on disclosure materials.
Suburban Boston credit union, in interview with local newspaper, explains next steps in proposed changeover to bank.
The $20 million Filene FCU is tied to the now-shuttered retail chain once operated by credit union pioneer Edward Filene.
Suburban Boston credit union says board gave go ahead Thursday night.
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.
The Massachusetts Division of Banks provided new legal detail Thursday on the notice by HarborOne CU on its plans to convert to a mutual savings bank this fall.
One conversion specialist said he sees more ready to make the switch.
Billion-dollar Brockton, Mass., CU posts notice on its website.