The 135,000-member Royal Credit Union has purchased the mortgage servicing rights to $600 million in mortgage loans from a local bank that the FDIC subsequently took over and sold to another bank.
Wisconsin CU assumes 4,200 mortgages worth $600 million as FDIC moves to shut down Minnesota-based The RiverBank.
Royal Credit Union President/CEO Charlie Grossklaus has announced plans to retire from the Eau Claire, Wis.-based credit union effective Jan. 2, 2012.
Royal Credit Union's second CEO, Charlie Grossklaus, has announced his plans to retire from the Eau Claire, Wis.-based credit union effective Jan. 2, 2012.
Holy Rosary Credit Union, Rochester, N.H., announced the promotion of Debbie Smith to senior loan officer. Smith began her career with the credit
HarborOne Credit Union, Brockton, Mass., announced the addition of Barbara Graveline to its residential mortgage team. Graveline is responsible for the
Nassau Educators Federal Credit Union, Westbury, N.Y., announced that Michael Egan concluded his 27-year-long career with the credit union when he
Hanscom Federal Credit Union, Hansom, Mass., announced that Kevin Reagan has been named assistant vice president of mortgage operations.
Wisconsin-based Royal Credit Union has finally completed its purchase of a large chunk of a troubled community bank's assets.
In more ways than one, the purchase by the $1 billion Royal Credit Union of 11 branches of an ailing Wisconsin bank represents an extraordinary and very positive precedent for CUs.