Brian Quinn, assistant vice president for business services at the $857 million Franklin Mint Credit Union in Broomall, Pa., is the first to admit the system he's using to process member business loans is archaic and inefficient.
When John Unangst joined Franklin Mint Federal Credit Union in 1976, he knew little about credit unions, but he did realize what could happen if the single-sponsor CU failed.
For months it has been the sand states getting all the merger attention. But last week’s consolidation move by the $2.6 billion Visions FCU, Endicott, N.Y., to take over the long-ailing $330 million Paragon FCU in New Jersey shifted the merger focus to the Mid-Atlantic.
The market for credit union credit card portfolios has slowed down.
A $600 million credit union has ended an agent issuing card relationship with FIA Card Services and is launching an agent issuing program with Elan Financial Services.
The $600 million Franklin Mint Federal Credit Union of Broomall, Pa., announced last week an agreement in principle to merge the $52 million
The $600 million Franklin Mint Federal Credit Union of Broomall, Pa. announced an agreement to merge the $52 Main Line Health Employees FCU of Bryn Mawr in a deal to be completed in the third quarter.
Michael B. Magnavita, Franklin Mint Federal Credit Union executive vice president and chief financial officer,