Berrien County

  • FDIC Approves Mich. CU’s Purchase of Thrift

    In a landmark ruling, the FDIC last week gave approval to a credit union-bank deal by which the $1.3 billion United Federal Credit Union of St. Joseph, Mich., can buy the ailing the $80 million Griffith Savings Bank of Indiana, according to attorneys representing UFCU.

  • UFCU/Griffith Deal Effective Jan. 1

    Credit union's attorney says FDIC responded to "why not" question about unusual CU purchase of bank.

  • More Thrift-CU Mergers Predicted

    Now garnering heightened industry attention, the $1.3 billion United Federal Credit Union of St. Joseph, Mich. moved a step closer last week to charting what it called trail blazing territory by winning NCUA approval to buy an ailing Indiana savings bank.

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