Judge Blocks Tenn. Credit Union-Bank Acquisition Pending State Regulator's Appeal

Delaying the deal's closing is running up costs and uncertainty for both financial institutions, court documents show.

By Peter Strozniak | July 14, 2022 at 04:20 PM

Tennessee state law, legal system and justice concept with a 3d render of a gavel on a wooden desktop and the Tennessean flag on background.

A Tennessee judge placed a stay on her previous ruling, which allows a regulator to ask the state's appeal court to stop the $1 billion Orion Federal Credit Union from purchasing the $818 million Financial Federal Bank.

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CU on a Mission to Make Housing Affordable

By Michael Ogden | July 26, 2024

Leadership at Great Basin FCU is involved in a new initiative to make housing affordable for members in Nevada.

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Bank Shareholders Approve Proposed Acquisition by Global Credit Union

By Peter Strozniak | July 26, 2024

Although Washington state regulators gave the deal a green light, decisions from the NCUA and FDIC are pending.

Bank Shareholders Approve Proposed Acquisition by Global Credit Union

Space Coast Sells $669 Million in Auto Securities

By Jim DuPlessis | July 26, 2024

The Florida CU is the fourth-largest holder of indirect car loans, the type sold in a deal that closed Wednesday.

Space Coast Sells $669 Million in Auto Securities

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