January 26, 2026
To Our Clients and Friends:
On January 14, 2026, the National Credit Union Administration (“NCUA”) issued a letter outlining its annual supervisory priorities, including its updated examination procedures, and highlighting the areas it views as posing the highest risk to credit union members and the industry this year. Our Legal Update covering this letter is available here.
Luse Gorman routinely advises credit unions on compliance issues and regulatory questions, and counsels those institutions on the impacts of new developments at the federal and state level. If you have any questions related to this Client Alert, please reach out to the authors of the alert or to your regular Firm contact. To learn more about our firm and services, please visit our website.
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January 22, 2026
Luse Gorman is once again the No. 1 legal advisor in the nation for common stock and subordinated debt offerings by financial institutions, based on the number of transactions, as reported by S&P Global Market Intelligence. We served as issuer’s counsel in connection with a range of equity and debt offerings, including firm commitment public offerings, best-efforts public offerings and private placements. It is the 4th year in a row that Luse Gorman has been the No. 1 legal advisor in the nation for common stock and subordinated debt offerings.
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January 21, 2026
Luse Gorman, PC is once again a top legal advisor in the nation for bank mergers, based on number of transactions, as reported by S&P Global Market Intelligence. The firm served as counsel for 22 bank merger transactions in 2025, covering a broad spectrum of deal types and structures, both on the buy and the sell side. The aggregate deal consideration for our 2025 merger transactions was over $1.6 billion, and it is the 2nd year in a row that Luse Gorman has at least 20 merger transactions during the year, the only law firm to record that achievement.
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January 20, 2026
On January 5, 2026, Zeal Credit Union, Livonia, Michigan, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of The Miners State Bank, Iron River, Michigan, the wholly-owned subsidiary of MSB Bankshares, Inc.
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January 16, 2026
On January 1, 2026, Zeal Credit Union, Livonia, Michigan, completed its purchase of substantially all assets and the assumption of substantially all liabilities of Gogebic Range Bank, Ironwood, Michigan, the wholly-owned subsidiary of West End Financial Corp. Following the completion of the transaction, Zeal Credit Union had over $1.0 billion in assets and 17 branch locations.
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