Growth Strategies

After canceling a proposed consolidation with Vibrant CU in Moline, Ill., Infinity FCU wants to merge with Deere Employees CU, also in Moline.

Coverance Insurance Solutions receives $10.5M in financing from the venture capital arm of CUNA Mutual Group.

The Associated Bank branch manages over $32 million in deposits and serves more than 1,600 households.

The four locations will expand STCU's field of membership as well as provide better services to rural areas.

CU executives who are opening new branches this year believe it's an acceptable business risk and will pay off over the long term.

The proposed agreement is expected to be finalized by the second quarter of 2021.