SAN JOSE, Calif.-On Sept. 20, 2012 members of $1.6-billion Technology Credit Union resoundingly defeated a proposed charter change to a mutual savings bank-with 77% of those voting opposed to the conversion.

Now, with 2013 on hand, one of the leaders of the group that opposed the conversion believes the credit union community needs to be wary of similar moves in the future. There is currently one credit union attempting to convert to a bank; Massachusetts' HarborOne Credit Union.

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