Bill Enables Credit Unions to Become Banks
By Andrea Gregory
Bankers have long argued that some credit unions operate too much like banks while enjoying a tax-exempt status. But one area credit union has faced numerous obstacles in its quest to actually become a bank. Legislation now rapidly working its way through Beacon Hill could change that, however, paving the way for Boston-based Postal Community Credit Union and others to make the conversion.
Lenders Use Creative Methods of Attracting More Customers
By Andrea Gregory
The concept was sound but the weather didn’t agree. That’s the way Don Bishop, vice president of retail lending for Milford National Bank and Trust Co., described the company’s latest effort to broaden its mortgage referral base.
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