NEWARK, N.J. - After 13 months of sparring with examiners and jumping regulatory hurdles, Lusitania Federal Credit Union on Sept. 1 became Lusitania Savings Bank.

But so far the first credit union ever to convert to a mutual savings bank hasn't had a chance to catch its breath, let alone relish its victory.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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