In a move which some have seen looming for years, CO-OP Financial Services and Financial Services Centers Corp. have signed a letter of intent to merge their shared branching operations.
Sandler O'Neill's Peter Duffy says deals most likely to be in real estate rather than account relationships.
The 25,000-member Jackson, Miss., CU is working with two Mississippi towns to help them retain access to banking services.
In what has become a rare occurrence, a federal credit union in Maryland has taken the what many see as the first step in the process to change to a mutual bank charter.
Using small size to a credit union's advantage and the importance of providing an innovative member experience were among the points emphasized by Ed Brett of Westminster Savings at the CU Water Cooler Symposium.
After learning that 15% of its small business members were denied a loan to keep their operations running, Sam's Club launched a national pilot program that would make capital available to them.
The $1.8 billion UW Credit Union of Madison, Wis. said it is buying another bank branch building and converting it into a CU facility next year.
California's central valley economy "may be as bad as it gets," but that has not precluded Valley First Credit Union of Modesto from becoming the successful bidder on the failed Tracy FCU, its president/CEO Henry Barrett said Tuesday.