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By David Morrison |
June 1, 2012
New Hampshire bank becomes second savings bank to be purchased by a credit union.
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By Jim Rubenstein |
April 19, 2012
Lawyers handling the planned takeover of an ailing New Hampshire bank by a Massachusetts credit union expressed optimism Thursday the deal can clear regulatory hurdles.
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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 28, 2012
The $20 million Filene FCU is tied to the now-shuttered retail chain once operated by credit union pioneer Edward Filene.
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By Jim Rubenstein |
March 21, 2012
Vote on plan to proceed with conversion to mutual bank was scheduled Wednesday.
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January 9, 2012
I was disappointed that CUNA and NAFCU have taken the position that converting credit unions should pay future corporate stabilization fund assessments. I see this as an exit tax on credit unions. I see it as contrary to the principles of charter choice and free markets. I object to any...
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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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By Jim Rubenstein |
September 19, 2011
Sandler O'Neill's Peter Duffy says deals most likely to be in real estate rather than account relationships.
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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.
