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Displaying items tagged: United Federal Credit Union

Sunday, 11 September 2022 18:49

People in the News: Sept. 12, 2022

People in the News: A roundup of new hires, promotions and awards in West Michigan.

Published in Talent
Sunday, 24 April 2022 18:35

People in the News: April 25, 2022

Here is the MiBiz People in the news report for April 25, 2022 

Published in Talent
Sunday, 19 December 2021 17:50

Bank M&A expected to surge next year after pandemic lull

The new year could bring a continued acceleration of M&A in the banking industry.

Published in Finance

Sunday, 21 November 2021 17:30

Bankers: Commercial lending remains strong despite various economic headwinds

Given all that’s occurred in the past 20 months, Krista Flynn considers the present lending environment a pleasant surprise.

Published in Finance
Sunday, 21 November 2021 17:10

Finance experts prepare for likely interest rate increase in 2022

Borrowing could cost a little more in 2022 should the Federal Reserve follow expectations and begin raising interest rates.

Published in Finance
Wednesday, 16 June 2021 17:09

Lake Michigan Credit Union continues Florida expansion with planned acquisition

Lake Michigan Credit Union will gain a larger presence along Florida’s Gulf Coast with the acquisition of a community bank.

Published in Finance

Sunday, 06 June 2021 17:45

Share increase positions ChoiceOne Bank for potential acquisitions

Raising the number of authorized shares by 25 percent gives ChoiceOne Financial Services Inc. greater ability to pursue another acquisition should the opportunity arise.

Published in Finance
Friday, 30 April 2021 11:23

Edgewater Bank, UFCU complete merger

ST. JOSEPH — Edgewater Bank branches become part of United Federal Credit Union next week following federal regulatory and shareholder approvals of a merger between the two.

Published in Finance
Sunday, 08 November 2020 18:50

UFCU to take commercial lending to ‘next level’ with Edgewater Bank acquisition

ST. JOSEPH — The proposed acquisition of Edgewater Bancorp Inc. would give United Federal Credit Union greater expertise to further grow commercial lending.

Published in Finance

Tuesday, 27 October 2020 11:52

United Federal Credit Union to acquire Edgewater Bank in ‘collaboration’ deal

ST. JOSEPH — United Federal Credit Union would broaden its footprint in Southwest Michigan with the planned acquisition of Edgewater Bancorp Inc.

Published in Finance
Sunday, 26 April 2020 17:46

TRIAL BY FIRE: SBA races to provide relief to small businesses, but some hiccups remain

The sheer volume of small businesses that have sought federal relief loans illustrates the depth and scope of the economic pain brought on by the COVID-19 pandemic.

Published in Small Business
Sunday, 15 September 2019 20:00

‘MOVE THE NEEDLE’: Cornerstone Alliance launches initiative to reverse population declines

BENTON HARBOR — A new campaign aims to stanch Berrien County’s population losses and attract thousands of new residents over the next decade. 

Published in Economic Development

Sunday, 18 August 2019 17:00

MiBiz growth report: August 19, 2019

Here is the MiBiz Growth Report for Aug. 19, 2019:

Published in Economic Development
Sunday, 09 June 2019 19:00

Strong economy boosts development activity in Southwest Michigan

BENTON HARBOR — As real estate activity picks up in Southwest Michigan, officials in the Benton Harbor area are hoping a developer will take interest in renovating a historic downtown building. 

Wednesday, 17 April 2019 11:47

United Federal Credit Union to buy former Whirlpool offices for new HQ

United Federal Credit Union plans to buy a former Whirlpool Corp. office building in St. Joseph for its new corporate headquarters.

Published in Finance

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
Sunday, 23 July 2017 13:53

Credit union acquisitions of community banks expected to accelerate

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

Published in Breaking News
Sunday, 02 October 2016 14:13

Credit unions leverage service model for growth

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

Sunday, 06 March 2016 14:40

Southwest Michigan’s Advia Credit Union plans to acquire Wisconsin bank

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
Sunday, 21 February 2016 22:23

West Michigan credit unions report growth in business lending for 2015

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
Friday, 08 January 2016 12:01

Lake Michigan CU, United Federal CU decide not to merge

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 Breaking News