The $197 million Tobyhanna Federal Credit Union in Scranton, Pa., hired Christopher Bresset as assistant vice president of consumer and indirect lending. He has more than 18 years of financial services experience, most recently with Honesdale National Bank in Honesdale, Pa.
Former Kentucky Corporate CEO Jim Thompson will replace the retiring Huston Reinle at the $102M Kentucky credit union.
Multi-phase building project begins with new operations center for Michiana credit union.
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.
Griffiths Savings Banks begins the new year as a branch of United Federal Credit Union of St. Joseph, Mich.
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.
Michigan CEO Gary Easterling says he's heard from "maybe five or six" others.
Credit union's attorney says FDIC responded to "why not" question about unusual CU purchase of bank.
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.
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.