Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Bank to move into hospital CU evicted
SIOUX FALLS, S.D. (5/29/09)--Sioux Falls FCU will lose its space in Sanford USD Medical Center this fall, because of the center's new relationship with a bank. The $124.3 million, Sioux Falls-based credit union had occupied the space at the medical center for 28 years (Argus Leader May 27). Hospital executives notified the credit union that it must leave because First Premier Bank would be using the space. They told the credit union that its service to hospital employees was "superior" but that the nature of the relationship with the bank took precedence. The center's namesake, T. Denny Sanford, owns United National Corp., First Premier Bank's holding company. In 2007, Sanford donated $400 million to the center. He has made other, smaller contributions also. According to a hospital spokesman, the bank approached the medical center with a "very dynamic" and "compelling proposal," which he said would provide "a significant number of service opportunities--banking-related service opportunities for our physicians, employees and guests." He did not say what the opportunities are. The bank will offer expanded hours to include nights and weekends and automated banking stations at the branch Sioux Falls FCU serves more than 1,700 hospital employees and their families. According to President/CEO Fran Sommerfeld, the credit union will serve Sanford employees through its other locations in the city.


RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
6 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
7 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
9 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
9 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
10 hours ago