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Prime Financial CU closes branch drive-through
CUDAHY, Wis. (3/1/10)--Prime Financial CU in Cudahy, Wis., announced it will close its Pewaukee, Wis., branch and a drive-through location in Wauwatosa, Wis. The closings will take effect March 13, said the $185.7 million asset credit union, which will continue to operate six other branches (The Business Journal of Milwaukee Feb. 26). “These were difficult but necessary decisions to help strengthen the credit union and reduce operating expenses,” said Christine Dawe, Prime Financial interim CEO. “We are confident that these steps will help Prime Financial CU continue to be a stable and strong credit union.” In March 2009, the Wisconsin Office of Credit Unions took control of Prime Financial and appointed Dawe to run it, the Journal said. The credit union had assets of $185.7 million as of June 30--the most recent report available. Prime Financial reported a net loss of $3.1 million for the period ending June 30.


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