Minnesota

Some credit unions have closed branches as demonstrations continue following the death of George Floyd last week.

TruStone Financial and Firefly Credit Union have announced plans to merge, pending regulatory approval and charter changes.

The St. Paul, Minn.-based institution will provide a 20% bonus to member-facing staff who are at additional risk during the outbreak since they are "essential employees."

Tammy Heikkinen, who has led the institution since 2008, will stay on until her successor joins the credit union.

The Minnesota bank is locked in a bitter legal battle to preserve its independence. Its foe? The charitable organization set up by its founder.

The company claims that its biggest investors is taking steps to seize control, oust the board and find a buyer.

The program will be called Bucks for Buckeyes and will be offered in partnership with the Minnesota Credit Union Network.

The Minnesota Credit Union Network worked with two brewers to create and sell a strawberry milkshake cream ale in an effort to boost the industry's profile and raise money for financial literacy.

Their challenge is creating a viable, profitable product that doesn't get flagged for being predatory.

Jay Gostonczik will head the Minnesota-based institution when Richard Nesvold retires during the first quarter of 2020.

Employees of the Minnesota bank get a $500 "self-improvement allowance" each year.

The year's second-biggest bank merger created a Midwestern regional with nearly $50 billion in assets, and its CEO and executive vice chairman don't intend to stop there.

Locations with a welcoming atmosphere and the latest technology can be a key part of a credit union’s marketing strategy.

The $10 million-asset institution struggled with profitability, posting a loss of more than $12,000 during Q1.

Charles Friederichs, already serving in an interim capacity, has been appointed permanent CEO of the $1.1 billion-asset institution.

Gene Carroll led Pipefitters Steamfitters Credit Union from 1979 to 2007 while serving on various boards within the industry.

Members at Starcor Credit Union have approved the merger into St. Cloud Financial.

Val Mindak, who has led Park City Credit Union for a decade, will help advise Minneapolis Fed President Neel Kashkari.

About 100 financial institutions are owned by or work with Native Americans, yet traditional banking services remain out of reach for many in this demographic.

The companies had planned to make Chemical CEO David Provost the new leader before October's market gyrations led them to break off talks. When they revisited the deal, several things changed — including Provost's role.