Griffiths Savings Banks begins the new year as a branch of United Federal Credit Union of St. Joseph, Mich.
Michigan CEO Gary Easterling says he's heard from "maybe five or six" others.
That precedent-setting deal by Michigan’s United Federal Credit Union to merge an ailing Indiana savings bank gained NCUA approval last week and now seems certain to be the model for more to come, its architect says.
Gary Easterling says it's "nice to see trend go the other way" as his $1.2 billion CU moves on buying small Indiana thrift.
Takeover of bank may be first by a federally chartered credit union, its president says.