Roughly six weeks after nearly 3,300 members voted to change the cooperative’s charter to a mutual bank, Monterey Credit Union has filed with the California Department of Business Oversight for that conversion.

In July, members of the $212 million, privately insured credit union in Monterey, Calif., voted in favor of the charter change. Monterey, which has nearly 19,500 members, announced the results in early August.

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