Approximately 115 people showed up at HarborOne Credit Union’s special meeting last night in Brockton to ask questions, voice opinions and vote on the credit union’s proposed conversion to a mutual cooperative bank charter.
Results, however, will not be finalized until an independent inspector tallies up the ballots, James Rice, HarborOne’s vice president of marketing, said. That inspector is required to complete the tally within 10 calendar days of the vote.
Last night’s meeting closed voting on the matter, but eligible members also had the option to send in their ballots by mail or bring their ballots to any of HarborOne’s 14 branches. While the credit union has about 150,000 members, only those who were members for three months as of Feb. 15, 2012, were eligible to vote. This is about 116,000 people, Rice said.
Though he could not yet say how many actually voted in total, Rice said about 15 people voted at last night’s meeting and though members had some questions and comments, no "strong opposition was voiced at the meeting."
Executives originally announced the plan a year ago. HarborOne, which at $1.9 billion is the largest credit union in the state, has previously said that conversion to a mutual cooperative bank charter would allow it greater flexibility to expand its customer base and access to additional capital.





