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By Jim Rubenstein |
April 1, 2012
The proposed buyout by GFA Federal Credit Union of a troubled New Hampshire savings bank continues to generate industry interest but with a pivotal question: Can the credit union and bank clear the legal hurdles with the NCUA, the Comptroller of the Currency and the FDIC.
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By Jim Rubenstein |
March 9, 2012
GFA FCU CEO said her credit union is showing by example that credit unions can work with community banks as it moves toward purchase of a New Hampshire mutual.
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By Jim Rubenstein |
February 12, 2012
The postmortem on last month’s two failed merger attempts that were victims of member opposition hits on three ingredients: poor communications, a rushed timetable and lack of enough advance explanation to constituents and the public.
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By Jim Rubenstein |
February 9, 2012
In this Print Preview from next week's edition, industry experts look behind the recent rejection of proposed mergers in Louisiana and Montana.
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By Jim Rubenstein |
February 5, 2012
California’s $3.1 billion Kinecta Federal Credit Union, party to a delayed mega-merger with the $1.1 billion NuVision CU, is in recovery mode this month, tending to a battered mortgage portfolio.
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By Jim Rubenstein |
February 2, 2012
Kinecta-NuVision merger delayed while three-way Ohio merger moved forward; each with a CEO in charge of two credit unions at once.
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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 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.
