Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
City-County FCU to be absorbed by Wings Financial
MINNEAPOLIS (7/27/10)--City-County FCU, Minneapolis, will be acquired by Wings Financial CU, Apple Valley, Minn., according to local media reports. City-County has seven branches in Hennepin County, Minn., and $466 million in assets. The credit union has been enduring some financial hardships, said The Star Tribune (July 21). City-County’s net worth was 2.98% at the end of March, according to National Credit Union Administration call reports the newspaper cited. Wings Financial has $2.5 billion in assets and 19 branches, with eight in Minneapolis and St. Paul, Minn. The credit union anticipates it will keep about two-thirds of City-County’s 145 employees, Wings CEO Paul Parish told the newspaper. At the end of June, Wings also announced it was merging with Highgrove CU, a $37-million-asset credit union in St. Paul. The two mergers give Wings Financial a larger presence in the Minneapolis-St. Paul areas, the Tribune added.


RSS





print
News Now LiveWire
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
13 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
18 hours ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
18 hours ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
19 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
20 hours ago