Berrien County

FDIC Approves Mich. CU’s Purchase of Thrift

By Jim Rubenstein | December 18, 2011

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

By Jim Rubenstein | December 14, 2011

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

By Jim Rubenstein | December 11, 2011

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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