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  • CUJ content
    Aloha Pacific FCU Names Otsuka CEO

    HONOLULU – Aloha Pacific FCU has appointed Vince Otsuka, its senior vice president of lending who was serving as interim chief, as president and chief executive officer of the $750 million-asset credit union.

    By Ed Roberts
    October 17
  • CUJ content
    Sponsor Seeks To Evict Its CU From Home Office

    CANTON, Ohio – The Stark Metropolitan Housing Authority has filed a complaint in state court here seeking to evict SMHA FCU, after the tiny credit union it chartered in 2001 refused to start paying rent and other expenses the local agency was ordered by the U.S. Department of Housing and Urban Development to repay.

    By Ed Roberts
    October 17
  • CUJ content
    National Institutes Of Health FCU Boosts Online Marketing

    BETHESDA, Md. – National Institutes of Health FCU said it generated $500,000 in new auto loan applications and $1 million in mortgage applications in 30 days using Micronotes cross-selling technology.

    By Ed Roberts
    October 16
  • CUJ content
    Self-Help CU Launches $12 Million Redevelopment

    DURHAM, N.C. -- The venture capital arm of Self-Help CU plans to break ground next month on a $12 million grocery store/office project at a former city-owned parking lot property that will help anchor a redevelopment of the city’s Kent Corner neighborhood.

    By Ed Roberts
    October 16
  • CUJ content
    CFPB Sees Problems With Student Loan Servicers

    WASHINGTON – The Consumer Financial Protection Bureau says students are being harmed by the practices of the major student loan servicers.

    By Ed Roberts
    October 16
  • CUJ content
    Texas Regulator Warns On Preserving Dormant Accounts

    AUSTIN, Texas – The Texas CU Division reminded CUs that they may not deplete the value of an inactive account by any means, including the imposition of a service charge.

    By Ed Roberts
    October 16
  • CUJ content
    With Shutdown Over, Justice FCU Continues To Aid Members

    CHANTILLY, Va. — The government shutdown may be over, but Justice FCU executives say the slow process of re-starting the government and getting payroll going again means that federal employees will be feeling the impact for a while longer.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    October 16
  • CUJ content
    Seven CUs Join Mortgage CUSO

    FAIRBORN, Ohio—Seven credit unions have joined the myCUmortgage CUSO: Rocky Mountain CU, Helena, Mont.; ELGA CU, Burton, Mich.; United Southeast FCU, Bristol, Tenn.; Lormet Community FCU, Amherst, Ohio; Premier CU, Palatine, Ill.; KBR CU, Tacoma, Wash., and Sharefax CU, Batavia, Ohio. The CUSO is owned by Wright-Patt CU, Fairborn, Ohio.

    October 16
  • CUJ content
    Space Coast CU Drops Fraud Suit Against Big Banks

    NEW YORK – Space Coast CU agreed last week to dismiss its lawsuit against Barclays Capital and State Street Corp. claiming that Barclays packed a collateralized debt obligation, or CDO, it sold to Eastern Financial Florida CU with junk, hastening the demise of the one-time $2.4 billion credit union--the biggest natural person CU failure ever.

    By Ed Roberts
    October 16
  • Growth strategies
    NCUA Approves MECU Purchase Of Advance Bank

    BALTIMORE—Municipal Employees CU of Baltimore has moved one step closer to acquiring Baltimore-based Advance Bank, as NCUA yesterday approved the deal.

    October 16
  • CUJ content
    Georgia CU Adds CetoLogic’s Cash Management Solution

    DULUTH, Ga. – Georgia United CU has selected CetoLogic’s new branch and ATM cash management solution, C3 Financial.

    October 15
  • Technology
    Catalyst Corporate FCU Offers Members Cloud Computing

    PLANO, Texas – Catalyst Corporate FCU will provide credit unions with cloud computing and other IT outsourcing solutions with Catalyst Cloud Computing (C3) platform, powered by Compushare.

    October 15
  • Growth strategies
    Big Charter For Little CU

    TALLAHASSEE, Fla. – State regulators have awarded Peoples CU a broad community charter expansion covering almost 3 million residents in greater Miami.

    October 15
  • Branch network
    Lake Trust CU Gets Preliminary Approval For 100,000-SF HQ

    LANSING, Mich. – The Brighton Township Planning Commission on Monday night signed off on a site plan for Lake Trust CU’s new 100,000-square-foot office project, which would be one of the biggest credit union builds in the country.

    October 15
  • CUJ content
    Ranchers’ Future In Jeopardy Following Dakotas Snow Storm

    LEMMON, S.D. – CUs are stepping up to assist cattle ranchers who face very difficult if not uncertain futures following the massive snow storm that hit the Dakotas earlier this month, killing thousands of livestock.

    October 15
  • CUJ content
    North Carolina SECU Turns Out 1,100 Members For Annual Meeting

    RALEIGH, N.C. – State Employees’ CU said 1,100 members attended its annual meeting Oct. 9 at the Koury Convention Center in Greensboro.

    October 15
  • CUJ content
    NCUA: ‘Millionaire U’ Ruling Jeopardizes All Purchase And Assumptions

    DENVER – NCUA told a federal appeals panel a lower court ruling invalidating provisions of its purchase and assumption agreement with Security Service FCU in the 2007 failure of New Horizons Community FCU could threaten all assisted-merger deals past and future if allowed to stand.

    October 15
  • CUJ content
    American Airlines FCU Exec To Head Bank-Fund Staff FCU

    WASHINGTON – Bank-Fund Staff FCU, the credit union for the World Bank, announced this afternoon that it will hire Eli Vasquez, chief financial officer at American Airlines FCU, as president and CEO of the $3.6 billion credit union.

    By Ed Roberts
    October 15
  • CUJ content
    NCUA’s Metsger: Don’t Expect A Rubber Stamp From Me

    ALEXANDRIA, Va. – New NCUA Board member Rick Metsger vowed that credit unions can expect him to exercise an independent judgment on the three-person panel, even though he has been on the board a little over a month and just moved to Washington from his native Oregon.

    By Ed Roberts
    October 15
  • CUJ content
    Super Glue Used In ATM Card Skimming Bid

    GREENEVILLE, Tenn. – Police say ATMs at Consumer CU and First Tennessee Bank were vandalized last week with super glue in what may have been a scheme to obtain debit cards and account information.

    October 14
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23RD ANNUAL THE MOST POWERFUL WOMEN IN BANKING

Meet The Most Powerful Women in Banking 2025, our annual ranking of the executives at the pinnacle of the industry.

ABM1025_Cover.jpg

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