Growth Strategies

This consolidation comes just six months after members of Encurage Financial Network Credit Union, also in Chicago, agreed to pair up with GLCU.

The trade group represents 386 credit unions across Alabama, Florida, Georgia and Virginia that serve more than 31 million members.

If approved by Peoples Bank shareholders and government regulators, Hanscom FCU’s membership will increase by nearly 20,000.

The Jacksonville credit union has bought land for two new branches in adjoining counties as it completes others.

The acquisition of Gogebic Range Bank would boost Zeal’s asset size to nearly $1 billion.

Jan. 1 merger will follow two years of falling membership after police say funds were allegedly stolen by long-time employee.