The cooperative would serve Maine's small farmers, who are increasing in numbers.
The St. Louis based cooperative will serve more than 6,000 congregations that operate 850 elementary schools.
Two large credit unions convert to state charters after finding federal FOM restrictions too limiting.
The $429M First Commerce CU withdraws its purchase application to buy a small bank.
California agency says it will proceed even though statutes are mum on credit union to bank conversions.
Move comes more than a month after members voted for the bank conversion.
The application guide breaks the chartering process into five parts.
The CEO of the nation's second largest credit union and a bank lobbyist join forces.
Ballot package reveals MCU's bank charter plans.
MCU says of the 21% of members who voted, 80% supported the charter conversion.