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By Jim Rubenstein |
April 15, 2012
The merger game – its timing, procedures and practices – is coming in for new scrutiny and debate this month among a coterie of analysts and top credit union CEOs.
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By Marc Rapport |
January 3, 2012
Griffiths Savings Banks begins the new year as a branch of United Federal Credit Union of St. Joseph, Mich.
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By Jim Rubenstein |
December 18, 2011
In a landmark ruling, the FDIC last week gave approval to a credit union-bank deal by which the $1.3 billion United Federal Credit Union of St. Joseph, Mich., can buy the ailing the $80 million Griffith Savings Bank of Indiana, according to attorneys representing UFCU.
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By Jim Rubenstein |
December 15, 2011
Michigan CEO Gary Easterling says he's heard from "maybe five or six" others.
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By Jim Rubenstein |
December 14, 2011
Credit union's attorney says FDIC responded to "why not" question about unusual CU purchase of bank.
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By Jim Rubenstein |
December 13, 2011
The FDIC opened the door Tuesday for $1.3 billion United Federal Credit Union of St. Joseph, Mich. to buy the assets of Griffith Savings Bank of Indiana.
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By Jim Rubenstein |
December 11, 2011
Now garnering heightened industry attention, the $1.3 billion United Federal Credit Union of St. Joseph, Mich. moved a step closer last week to charting what it called trail blazing territory by winning NCUA approval to buy an ailing Indiana savings bank.
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By Jim Rubenstein |
December 5, 2011
That precedent-setting deal by Michigan’s United Federal Credit Union to merge an ailing Indiana savings bank gained NCUA approval last week and now seems certain to be the model for more to come, its architect says.
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November 20, 2011
On pace to double its asset base twice in the next decade and add 500 jobs by 2020, United Federal Credit Union announced plans to expand its headquarters to accommodate its growing workforce.
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By Jim Rubenstein |
September 14, 2011
The $1.3 billion United Federal Credit Union of St. Joseph, Mich. said last week its proposed–and rare–merger with an ailing Indiana savings bank is on track and could win final regulatory approval by the end of this month, according to the president/CEO of UFCU, Gary Easterling.
