Notes, news and views on community banking

Credit union acquires mortgage servicing rights from Wis. bank

      Royal Credit Union, Eau Claire, Wis., and The RiverBank, Osceola, Wis., have entered into an agreement for RCU to acquire the servicing rights of The RiverBanks’ mortgage loans totaling $600 million. The transaction, which took place Oct. 14, sends 4,200 mortgage loan customers to RCU. 

      “We have now come to a turning point in our business model that we need to make a change,” The RiverBank . . .

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