The chartering of a credit union for Wisconsin Farm Credit System borrowers has unleashed a fire storm of criticism from rural banks and their political allies.

On Wednesday, two banking groups and three banks sued to halt the opening of Countryside Credit Union, Wausau, Wis., which got its state charter Tuesday.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.