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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.
The Philadelphia credit union hits milestone as 2024 ends.
More than 80 CU conferences and events have been announced as we head into 2025. New conferences added!
If approved by Peoples Bank shareholders and government regulators, Hanscom FCU’s membership will increase by nearly 20,000.
Ex-controller Teresa Paulo embezzled more than $1.2 million from Southern Pine CU and former CEO Demetria Baker made loans for personal use and removed cash, NCUA alleges.
The agreement was called off after APCU’s discussions with regulators.
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.
Program requested by ALM First of Dallas would allow big credit unions to buy securities backed by consumer loans.