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The Philadelphia credit union expects to close Nov. 20 on the deal, backed by prime auto loans.
Scott Credit Union opens an insurance agency and Randolph-Brooks FCU’s insurance business will be managed by Insuritas.
Vibrant Credit Union sells branch to Great Lakes Credit Union in a deal that enhances its membership base.
The CUSO, which sprouted from the Tyfone company Payfinia Inc., also supports embedded fraud controls through its open payments platform.
The consolidation, if approved by the NCUA and members, would be the largest credit union merger in Louisiana and Mississippi history.
Credit union production rises, but MBA estimates show other lenders’ gains were much higher for the third quarter.
America’s Credit Unions shares seven priorities with lawmakers as they return to work.
Michelle Balog will take over the helm at NuMark CU in March for the retiring Lloyd Fredendall.
Sandia Laboratory FCU is now Sunward and Baltimore County Employees FCU will become Peake FCU.
The Gainesville-based credit union recorded a loss of more than $2.3 million at the end of the third quarter and a $181,231 loss at the end of last year.