Only approval by the FDIC awaits final approval of the sale of the $190 million Wisconsin community bank to $2.1 billion Landmark CU.
Industry observers point to credit unions buying banks, note that Boston conversion involves unique state charter.
Quarterly report cites improving economic conditions, "meek lending environment."
Landmark has completed 10 credit union mergers in the past three years. This is its first acquisition of a bank.
Letters to chief regulators calls for curbs on payday lending, citing risks to consumers and the institutions themselves.
Wednesday’s House Financial Services Committee to be followed by hearing to be set on credit union regulatory burden.
Regulatory hurdles remain after Boston credit union's members approve change to co-operative bank charter.
Credit unions from the West Coast to the South and the Midwest are waking up to the fact that reaching out to potential Hispanic members is an important part insuring a growth for the industry.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.