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Sponem to Lead Summit Credit Union
Posted on June 8th, 2010 No commentsAndy Faust will retire as CEO of Madison, Wis.-based Summit Credit Union effective September 30 and be replaced by Kim Sponem, who is now president. Read more in The Business Journal of Milwaukee.
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UW Credit Union to Buy Equitable Branch
Posted on June 3rd, 2010 No commentsUW Credit Union of Madison has signed an agreement to buy the Equitable Bank property at 21215 E. Moreland Blvd. in Waukesha. It will become UW Credit Union’s fourth branch in the Milwaukee area and 18th in Wisconsin, according to the Wisconsin State Journal.
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Prime Financial CU Makes Key Changes
Posted on May 7th, 2010 No commentsMilwaukee-based Prime Financial Credit Union announced it has officially resumed independent operations with a new board of directors, a more stable market position and a path to build additional strength in the future, the Small Business Times of Milwaukee reported.
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CUNA Names Next Chief Executive
Posted on May 5th, 2010 No commentsWilliam Cheney, currently president and CEO of the California/Nevada Credit Union Leagues, will succeed Dan Mica as the new chief executive of the Credit Union National Association (CUNA). The transition is scheduled for July 5, the Milwaukee Journal Sentinel reported.
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CU Commercial Lending Debate Rings Familiar
Posted on April 17th, 2010 No commentsThe banking industry opposes a proposed change in federal law that would allow credit unions to increase commercial lending to 25 percent of assets, up from the current 12.25 percent cap, on the grounds that it is unnecessary and risky. Read more in the Milwaukee Journal Sentinel.
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UW Credit Union Opens 3rd Milwaukee Branch
Posted on April 8th, 2010 No commentsUW Credit Union is opening a branch in the former Amcore Bank building in Wauwatosa. The The full-service location at 2365 N. Mayfair Road will become UW Credit Union’s third Milwaukee-area branch, the Business Journal of Milwaukee reported.
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Swearing Off Credit Has Downside Too
Posted on February 21st, 2010 No commentsAlthough the credit report firm Equifax says credit card applications are down nearly 50 percent, smaller card issuers like Appleton-based Prospera Credit Union have seen the opposite. At the same time, some people, such as young professionals, are swearing off credit cards entirely – which could actually delay the process of establishing a good credit profile. Read more in the Oshkosh Northwestern.
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Wis. CUs Post Income Increases in ’09
Posted on February 9th, 2010 No commentsMost of Wisconsin’s large credit unions last year recaptured some of the millions they’d previously set aside to replenish the industry’s battered deposit insurance fund, helping them post big increases in net income in 2009, the Milwaukee Journal Sentinel reported.
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UW Credit Union Offers Online Budgeting Tool
Posted on January 10th, 2010 No comments“Business in Wisconsin” in the Milwaukee Journal Sentinel reported that Madison-based UW Credit Union is launching its newest online budgeting tool, Money Management Tools, this month. The “tool allows users to categorize transactions and view reports to better understand where their money goes.”
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Regulators Seek New Exec, Board for CU
Posted on January 8th, 2010 No commentsCudahy, Wis.-based Prime Financial Credit Union could have a new CEO and board in place within the coming months. State regulators shut down the CU on Feb. 27, 2009, for what they described as “a management structure issue,” the Milwaukee State Journal reported.