Second Federal Credit Union opened its doors in Chicago Sept. 21, assuming the footprint of a 130-year old failed thrift.
Residents of Southwest Chicago will have a chance Saturday to witness the opening a credit union which is taking the place of a failed thrift.
Federal Reserve filing reveals for first time the battle insurers are waging to preserve state regulation, limit federal intrusion on their activities.
Insurers that operate thrifts would be subject to the same capital standards at the holding-company level as banks, according to proposed new rules.
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.