Small Street Journal: May 6, 2016

Royal Credit Union (Royal) recently announced that it has entered into a definitive agreement to acquire Capital Bank, Saint Paul (Capital Bank). This acquisition will offer Royal the opportunity to enhance office accessibility to its current Minnesota Membership, as well as serve additional Members in Minnesota. Under the terms of the agreement, Royal will assume approximately $35 million total assets in the transaction.  Pending customary closing conditions, including obtaining regulatory approval, the completion of the transaction is expected to occur in the second half of 2016. Royal is committed to a smooth transition for the bank’s customers. 

Literacy Volunteers Chippewa Valley changed its name to Literacy Chippewa Valley. It was decided to change its name because there is a misconception by community members and funders that everyone is a volunteer. The organization has a small, highly-educated staff that provide training and support to tutors who in turn work with students with low literacy skills. In addition, in 2002, the national literacy organization, Literacy Volunteers of America, changed its name to Pro Literacy, and of the 77 member agencies of Wisconsin Literacy, there is only one other agency that still has “volunteer” in its name.

WESTconsin Credit Union recently held its 76th Annual Membership Meeting and re-elected Lynn Brantner and Colleen Mensing each to another three-year term on its Board of Directors. Officer positions remain as previously held and include: Chairperson Dave Maves, Vice Chairperson Jerry Wolf, Secretary Lynn Brantner and  Treasurer Rita Lunderville.