Illinois

Members of Bard Employees Federal Credit Union approved the merger into Baxter Credit Union earlier this month.

Urbana Postal Credit Union is the latest in a string of closures and rebrandings as CUs chartered to serve post office employees attempt to stay relevant.

The Peoria, Ill.-based institution also saw increases in lending and net worth.

The Illinois company will pay about $10 million, and redeem $23.5 million in trust-preferred stock, as part of the deal.

The deal between Performance Trust and Banks Street Partners is the second combination this month of investment banks that cater to commercial banks.

Municipal IDs help marginalized groups, such as undocumented immigrants, open checking accounts and become credit union members but concerns over regulatory compliance linger.

The Illinois-based credit union has broadened its field of membership to include two Missouri counties and issued another dividend.

Donald Finn began his credit union career in 1964 by working as a loan officer for a Michigan institution.

Steans, a former LaSalle Bank chairman who also led the financial crisis recapitalization that saved Taylor Capital, died on Tuesday. He was 83.

E.J. Donaghey has left University of Illinois Credit Union to become the new president and CEO of Fort Dodge, Iowa-based Citizens Community CU.

Governor JB Pritzker has nominated Deborah Hagan as secretary of the state's Department of Financial and Professional Regulation, where her duties would include overseeing state-chartered CUs.

The Illinois company will pay $46 million for a bank that is a fraction of its size.

The Chicago-area credit union can now accept members who live or work in a variety of Illinois counties.

Mark Sander, who has been with the company since 2011, succeeded Michael Schudder, who remains chairman and CEO.

CUNA and the credit union leagues of Illinois and Wisconsin filed a brief in support of an institution that is embroiled in litigation over whether its website meets the requirements of the Americans with Disabilities Act.

A U.S. District judge in Scranton denied the student lender's motion to dismiss the suit.

Chicago Deferred Exchange, which helps clients defer tax hits from property sales, had about $1 billion in deposit flows this year.

The company has agreed to by $145 million for Bridgeview Bancorp.

Larry Helling will take over next spring as CEO of the $4.8 billion-asset QCR Holdings, when Douglas Hultquist retires.

The move allows the Michigan credit union to expand its operations in Illinois and southern Wisconsin.