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Friday, 31 August 2018 22:13

UFCU expands into northern Indiana

ST. JOSEPH — United Federal Credit Union’s opening of two offices this summer in South Bend and Mishawaka follow the organization’s plan to build a broader presence in the northern Indiana market.

Published in Finance

Two pending deals where West Michigan-based credit unions are buying small community banks follow an emerging trend nationally.

Published in In the News

Chris Mason and his partners wanted to use a local lender when they sought a loan to start their business in Stevensville, just north of the Indiana border in Berrien County. 

Published in Finance

PARCHMENT — Advia Credit Union’s proposed acquisition of Mid America Bank, a small community bank in southern Wisconsin, is the kind of deal that occurs infrequently in the financial services industry.

Published in Finance

Many credit unions recorded 2015 loan growth in the double digits, said Kenley Penner, a partner and the head of Plante Moran PLLC’s credit union practice. Penner attributes the results and lending growth to a “relatively strong” housing market that’s driving mortgage originations, coupled with strong sales volumes for both new and used vehicles.

Published in Finance

A mega merger of two West Michigan credit unions has been called off. Instead of joining operations, Lake Michigan Credit Union in Grand Rapids and St. Joseph-based United Federal Credit Union will remain independent entities.

Published in In the News

GRAND RAPIDS — Opportunity from a planned retirement and the chance to further drive economies of scale led to the proposed transformational merger between Lake Michigan Credit Union and United Federal Credit Union in St. Joseph.

Published in Finance

Executives from Grand Rapids-based Lake Michigan Credit Union and United Federal Credit Union of St. Joseph said today that they plan to merge their two organizations to form a mega credit union with more than $6 billion in assets spanning 78 locations in seven states.

Published in In the News

Business lending by Michigan credit unions surpassed $1 billion for the first time in 2012, as the state’s credit unions posted another year of strong volume growth.

Published in Finance

 What started as a niche opportunity when credit tightened during the tough economy has become a target of greater focus for United Federal Credit Union

Published in Finance
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