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HarborOne members OK switch

Members of Harbor­One Credit Union in Brockton have approved the institution’s plan to become a state-chartered cooperative bank later this year, the credit union said Monday.

Senior vice president James Rice said the conversion, which must be reviewed by regulators, will probably take several months to complete. After the conversion, HarborOne, now the second-largest credit union in Massachusetts, would be a cooperative bank mutually owned for the benefit of its members and the community, rather than a stockholder-owned bank.

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