Minnesota

The Minnesota-based credit union said its current system was not keeping up with the marketplace.

After a long battle with the Justice Department over redlining charges, KleinBank caved as legal costs soared.

The Saver's Sweepstakes program was developed with the help of the Minnesota Credit Union Network, which runs a similar initiative.

The Minnesota CU is now part of a nearly $800 million-asset institution and will increase the number of products and services available to members.

Anderson Insurance & Investment Agency in Minneapolis also specializes in workers' compensation services.

Users cite ease of use, ability to offer advanced products, services.

Floodwood Area Credit Union and Northwoods Credit Union have completed a merger, with the resulting institution holding more than $110 million in assets and serving more than 10,000 members.

National Credit Union Administration board member Rick Metsger says a federal judge overstepped the court's bounds when striking down portions of the agency's field-of-membership rule, but stopped short of saying the regulator planned to appeal the decision.

After 32 years of service – 20 as CEO – the credit union veteran will step down at the $1.2 billion-asset institution.

Analysis from the Minnesota Credit Union Network revealed a benefit of $69 per member or $132 per household as the result of credit union membership.