Charles Grossklaus

• Royal Credit Union Buys Bank’s Mortgage Servicing

  By David Morrison  |  October 17, 2011

  The 135,000-member Royal Credit Union has purchased the mortgage servicing rights to $600 million in mortgage loans from a local bank that the FDIC subsequently took over and sold to another bank.

• Royal CU Buys Mortgage Servicing Rights From Failed Bank

  By David Morrison  |  October 10, 2011

  Wisconsin CU assumes 4,200 mortgages worth $600 million as FDIC moves to shut down Minnesota-based The RiverBank.

• Royal Credit Union Completes Uphill Climb to Purchase Bank Branches

  By Jim Rubenstein  |  June 23, 2010

  Wisconsin-based Royal Credit Union has finally completed its purchase of a large chunk of a troubled community bank's assets.

• Royal Sets June 26-28 for Bank Switchover

  By Jim Rubenstein  |  June 14, 2010

  The $1 billion Royal Credit Union of Eau Claire, Wis. wasted little time in the purchase/conversion of 11 branches of an ailing Madison bank setting June 26-28 as the formal switchover.

• Regulators Green Light CU Purchase of Bank Assets

  By Jim Rubenstein  |  June 11, 2010

  All three federal regulators with a say in the matter have given a green light of Royal Credit Union's purchase of a struggling bank's assets.