Illinois Credit Union Plans to Purchase 132-Year-Old Illinois Bank

Scott CU will pay $14.2 million to buy Tempo Bank in the industry's 10th acquisition deal announced so far this year.

By Peter Strozniak | August 23, 2021 at 04:28 PM

The $1.5 billion Scott Credit Union in Edwardsville, Ill., signed a definitive purchase and assumption agreement to acquire the $92.9 million Tempo Bank in Trenton, Ill., for $14.2 million in cash, the financial institutions announced in a joint statement Friday.

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Prosecutors Allege Former Montana Credit Union Employee Stole $340,000

By Peter Strozniak | October 02, 2024

Edward Arthur Nurse allegedly swapped real money in a branch vault for fake funds over 11 months.

Prosecutors Allege Former Montana Credit Union Employee Stole $340,000

NCUA, Other Regulators Recognize 'Serious Impact' of Hurricane Helene

By Michael Ogden | October 02, 2024

Federal and state financial regulators issue a statement on supervisory practices for FIs impacted by the deadly storm.

NCUA, Other Regulators Recognize 'Serious Impact' of Hurricane Helene

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By Michael Ogden | October 01, 2024

The CUSO announces the addition of three large credit unions to its partnership base.

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