For Frank Berrish, president/CEO of the $2.6 billion Visions Federal Credit Union in Endicott, N.Y., the end of November is turning into a barn burner – $10 million in Black Friday loans and completion of two mergers on the same day.
"We are thrilled about the Black Friday loans, which in our book is phenomenal, and we might get couple million more today," Berrish said of a Cyber Monday promotion.
Visions also plans to complete two mergers on the same day – Thursday – including the $52 million BCT FCU of Binghamton in a purchase/assumption transaction cleared just last Friday by NCUA.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
