Fringe CU League Folds

April 25, 2006, 1:00 a.m. EDT 1 Min Read

NAPERVILLE, Ill. - (04/25/06) The Midwest Association of CU,one of the last remaining non-CUNA-affiliated state tradeassociations, is no more. The group, which once counted almost 200credit unions among its membership and boasted an independentlobbying operation, said Monday it will add its 59 remainingmembers to the Illinois CU League, bringing the CUNA-affiliatedleagues membership to 430 credit unions. Both tradeassociations have been exploring a combination for some time, withMACUs membership voting in December of 2005 in favor of sucha merger, which is to be completed May 1. Joni Senkpeil, CEO ofMACU, will join the Illinois league on May 1 as its Director ofSmall CU Development.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

M&A

National Bank Holdings CEO: Vista an 'almost perfect' seller

The Denver-based bank-holding company's pending acquisition of Vista Bancshares in Dallas is an opportunity to expand into key fast-growing Texas markets and deepen its talent bench, CEO Tim Laney told analysts.

By Allissa Kline

8m ago
Federal Reserve

Trump to appeal ruling leaving Fed's Cook in place

The White House said it will appeal a circuit court ruling allowing Federal Reserve Gov. Lisa Cook to remain on the central bank board while her lawsuit challenging her dismissal is litigated.

By John Heltman

2h ago
Zelle

Zelle's small business bet helps boost payments volume

Early Warning Service's peer-to-peer payments network saw payment volume growth accelerate in the first six months of 2025, buoyed once again by small-business payments.

By Joey Pizzolato

5h ago
Corporate governance

What Trump's push to end quarterly reports means for banks

As President Trump calls for scrapping quarterly earnings reports and switching to a six-month schedule, industry observers wonder whether the time saved would be worth the potential loss of transparency.

By Nathan Place

7h ago
Stephen Miran confirmed to Fed board

The Senate voted 48 to 47 to confirm Stephen Miran to the Federal Reserve Board, just ahead of the central bank's rate setting committee meeting.

By Claire Williams

September 15
Fintech

U.S. Bancorp further expands its small business toolkit

The Minneapolis-based bank has rolled out payroll and bill pay features four months after unveiling a service to monitor card spending. An accounts receivable solution is on deck.

By John Reosti

September 15