Credit Union Times' current Trailblazer 40 Below winner, SVP of Lending Hans Iverson, will take over for retiring COO Jim Stahlman in April.
Milwaukee credit union swapping platforms through Bradford-Scott.
Plymouth, Minn.-based TruStone Financial to add $13 million, 2,371-member Cudahy, Wis., credit union to its $860 million, 77,432-member operation.
The travails of small credit unions trying to adjust to new product technology, management succession or the real estate hangover were evident again last week with a spate of mergers in both Nevada and Wisconsin.
Landmark absorbs fourth small CU.
The $540 million Great Lakes Credit Union in Illinois has had a big year in mergers–four of them–and its latest of the long-troubled Federated Family CU provides Great Lakes first entry into Wisconsin.
The $137 million Prime Financial Credit Union, once considered a failed Milwaukee CU and an early victim of the 2009 Central States Mortgage Corp. bankruptcy, has a new CEO, Christine Moczynski.
In a consent order, the NCUA last week barred Richard Koenig, the former chairman of Central States Mortgage Corp., a bankrupt Milwaukee CUSO and ex-CEO of the $144 million Prime Financial CU of Cudahy, Wis., from further industry activities.
Richard Koenig, the former chairman of Central States Mortgage Corp. a bankrupt Milwaukee CUSO and ex-CEO of the $144 million Prime Financial CU of Cudahy, Wis. has been barred from the industry by the NCUA under a consent order issued Thursday.
The $34 million First Service Credit Union of Milwaukee has become the latest victim of last year's bankruptcy of Central States Mortgage Corp., the Wauwatosa, Wis.. CUSO that got into trouble over subprime paper.