After opening four branches in 2018, Ent Credit Union plans to accelerate its expansion with nine more locations and 200 additional employees next year.The Colorado Springs-based financial institution, now the state’s sixth largest, has added 10 Front Range counties, $1 billion in assets and nearly 65,000 members over the past 2½ years. Business Deposits at Colorado Springs banks and credit unions grow at fastest rate since 2012 Wayne Heilman CEO Chad Graves said Ent expects to reach $10 billion in assets and operate branches in all 14 counties in its service area within 10 years.“We are a Colorado Springs success story,” Graves said. “We are seeing more and more of our members moving in areas along the Front Range, so over the next few years, we will be adding locations mostly to the north. Finding the real estate has made expanding more difficult because it takes a year or two to acquire and then go through the planning process to get the … [Read more...] about Colorado Springs credit union giant Ent planning major expansion next year
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Deposits in Colorado Springs-area financial institutions at midyear increased at the fastest rate in six years and more than 2½ times the national average, federal regulators say.The numbers are the latest sign of a strong Colorado Springs economy with accelerating job growth and consumer spending, surging housing construction and robust growth in the tourism industry. The deposit report is the only banking data that is broken down by metropolitan area; all but a handful of the 38 banks operating in the area are part of larger institutions based in other states — such as Wells Fargo, Chase and U.S. Bank — and don’t report lending or asset numbers by geography.Deposit growth last year was the highest since a 10.2 percent jump in 2012, which was the fastest in 14 years. Banks and credit unions operating in the area reported a 7.2 percent rise in deposits since June 30, 2017, to $13.1 billion, according to reports from the Federal Deposit Insurance Corp. … [Read more...] about Deposits at Colorado Springs banks and credit unions grow at fastest rate since 2012
PORTSMOUTHA Portsmouth sheriff’s investigator told a special grand jury Councilman Mark Whitaker treated his church’s credit union as his “own piggy bank” and that it still owed customers $240,000 when it shut down in 2015, according to new court documents.But Whitaker’s attorneys say Investigator Brett Johnson’s testimony last year was false – and that the Sheriff’s Office already had records at the time that proved all of the loans were paid off.The defense asked for Johnson’s testimony and their attack on it to be sealed in the court file. But it wasn’t, giving the public its first glimpse at what witnesses told the grand jurors before they indicted the councilman.Special prosecutor Andrew Robbins and defense attorneys Don Scott and Jon Babineau declined to comment on the court filings.Whitaker, an assistant pastor at New Bethel Baptist Church, is charged with 20 felonies, including identity fraud and forgery. He was set to … [Read more...] about Mark Whitaker’s credit union was missing $240,000, sheriff’s official testified. Defense says that’s false.
By Patrick Danner Published 7:00 am, Thursday, May 3, 2018 Photo: Courtesy Image 1of/1 CaptionClose Image 1 of 1 San Antonio-based Air Force Federal Credit Union has acquired Local 142 Federal Credit Union, also based in the Alamo City. Terms of the deal were not disclosed. Pictured is Air Force FCU’s branch at Lackland Air Force Base. less San Antonio-based Air Force Federal Credit Union has acquired Local 142 Federal Credit Union, also based in the Alamo City. Terms of the deal were not disclosed. Pictured is Air Force FCU’s branch at Lackland ... more Photo: Courtesy Air Force Federal Credit Union acquires San Antonio lender 1 / 1 Back to Gallery San Antonio-based Air Force Federal Credit Union has acquired Local 142 Federal Credit Union, also based in the Alamo City. The combined institutions will … [Read more...] about Air Force Federal Credit Union acquires San Antonio lender
With over 90,000 members and over $840 million in assets, SAC Federal Credit Union is the largest locally-owned credit union in the Omaha metro area. Our mission is to be our member's trusted financial partner providing tailored solutions to support them throughout their life events Sac Federal Credit Union Mission & History Our Mission To be our members' trusted financial partner providing tailored solutions to support them throughout their life events. Our Proud History The Credit Union started in November, 1946, when twelve individuals submitted a request to the Federal Deposit Insurance Corporation to form the SAC Federal Credit Union. The first location of the present SAC Federal Credit Union was Andrews Field, Maryland. From those humble beginnings, the Credit Union has had many milestones in its history. Here are just a few that will show you how we've changed: 1948: The name of the Credit Union (CU) changed to the Strategic Air Command Federal Credit Union. However, in … [Read more...] about SAC Federal Credit Union