Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Bank to move into hospital CU evicted
SIOUX FALLS, S.D. (5/29/09)--Sioux Falls FCU will lose its space in Sanford USD Medical Center this fall, because of the center's new relationship with a bank. The $124.3 million, Sioux Falls-based credit union had occupied the space at the medical center for 28 years (Argus Leader May 27). Hospital executives notified the credit union that it must leave because First Premier Bank would be using the space. They told the credit union that its service to hospital employees was "superior" but that the nature of the relationship with the bank took precedence. The center's namesake, T. Denny Sanford, owns United National Corp., First Premier Bank's holding company. In 2007, Sanford donated $400 million to the center. He has made other, smaller contributions also. According to a hospital spokesman, the bank approached the medical center with a "very dynamic" and "compelling proposal," which he said would provide "a significant number of service opportunities--banking-related service opportunities for our physicians, employees and guests." He did not say what the opportunities are. The bank will offer expanded hours to include nights and weekends and automated banking stations at the branch Sioux Falls FCU serves more than 1,700 hospital employees and their families. According to President/CEO Fran Sommerfeld, the credit union will serve Sanford employees through its other locations in the city.


RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
14 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
15 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
16 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
18 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
18 hours ago