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Self-Help FCU Buying Deposits And Banking Operations From A Chicago Bank

Monday, December 3, 2012 - 6:27 AMSelf-Help Credit Union - Details
Wintrust Financial Corporation ("Wintrust") announced today that its wholly-owned subsidiary bank, Hinsdale Bank & Trust Company ("Hinsdale Bank"), has entered into a definitive agreement to sell the deposits and the current banking operations of Second Federal Savings and Loan, a branch of Hinsdale Bank ("Second Federal") to Self-Help Federal Credit Union

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This is the fourth case this year of a bank being sold to a credit union

Self-Help FCU already has branches in North Carolina and California. After this transaction, it will have branches in Chicago. Self-Help FCU makes it easy for anyone to qualify for membership, and it has a long history of competitive CD rates (although its rates are a little low now).
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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