Connexus Credit Union v. First & Peoples Bank and Trust Company and Thread Bank

IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF WISCONSIN CONNEXUS CREDIT UNION, Plaintiff, v. OPINION and ORDER FIRST & PEOPLES BANK AND TRUST COMPANY 25-cv-493-jdp and THREAD BANK, Defendants. This dispute between financial institutions arises from a private-credit arrangement in which plaintiff Connexus Credit Union agreed to buy pools of consumer loans and leases from two banks, defendants First & Peoples Bank and Trust Company and Thread Bank. When many of the loans and leases defaulted, Connexus asked defendants to replace the defaulted loans and leases with performing…