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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.
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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 |
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.
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By Jim Rubenstein |
July 27, 2011
Takeover of bank may be first by a federally chartered credit union, its president says.
