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Market Intelligence:
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  • Technology
    New CU Mobile Payments Platform To Launch

    LAS VEGAS – One Nevada CU and two credit union technology firms will introduce a new mobile payments system specifically geared for credit unions Monday, called CU Wallet.

    September 20
  • Growth strategies
    Merger Creates Another $1 Billion CU

    OGDEN, Utah – NCUA reported today it has approved the merger of Goldenwest CU with USU Charter CU, creating the 209th credit union over $1 billion in assets.

    September 20
  • Lending
    Mortgage Rates Tumble

    WASHINGTON – Mortgage rates declined this week, after a long-term rise, as signs of a weakening economic recovery emerged, according to Freddie Mac.

    September 19
  • CUJ content
    Oregon Community CU Deploys CO-OP’s NextGen ATMs

    EUGENE, Ore. – Oregon Community CU has installed CO-Financial Service’s and Diebold’s NextGen ATMs – which the companies said combine the functionality of a deposit-taking ATM and a shared branch – at its new Salem branch.

    September 19
  • CUJ content
    Virginia League Endorses McAuliffe For Governor

    RICHMOND, Va. – The Virginia CU League stepped into the high-profile governor’s race and endorsed Democrat Terry McAuliffe.

    September 19
  • CUJ content
    Elevations CU Commits $100,000 To House Flood Victims

    BOULDER, Colo. – Elevations CU has committed $100,000 to house flood victims and has presented a $100,000 challenge grant to the community and the credit union’s membership.

    September 19
  • CUJ content
    Fed, Merchants Seek Expedited Appeal Of Durbin Verdict

    WASHINGTON – The Federal Reserve and merchants challenging the Fed’s Durbin amendment caps on swipe fees asked the D.C. Circuit Court of Appeals to expedite the Fed’s appeal of a lower court ruling invalidating the cap as too high.

    September 19
  • CUJ content
    BECU: Stress Testing Long A Part Of Our ALM Planning

    TUKWILA, Wash. – BECU on Thursday said it also welcomes NCUA’s proposal to conduct stress testing on the largest credit unions, adding it has been conducting its own stress tests for years to determine the proper level of capital adequacy.

    September 19
  • CUJ content
    Native American CDCUs Win $1.3 Million In CDFI Grants

    HONOLULU – The Queens FCU was awarded a $659,000 grant from the Treasury Department’s Community Development Financial Institutions Program, one of three Native American credit unions to win CDFI grants yesterday.

    September 19
  • CUJ content
    CUs Seek Special Accounting Treatment

    NORWALK, Conn. – Credit unions are calling on the Financial Accounting Standards Board to exclude them from the definition of a public business entity under new accounting classifications – potentially exempting them from new rules by FASB or other regulatory entities.

    September 19
  • CUJ content
    Chicago S&L Failure Resurrected As CDCU

    CHICAGO--Self-Help FCU, the California community development credit union which acquired Second Federal Savings & Loan in 2012, is officially reopening the failed southwest side thrift in conjunction with the city’s the Resurrection Project, as Second FCU

    September 19
  • Growth strategies
    Wisconsin’s Westby Co-Op CU To Acquire Deposits, Loans At Bank’s Walmart Branch

    WESTBY, Wis. – Westby Co-Op CU announced plans for an unusual deal this morning in which it will acquire the deposits and loans at Citizens Community Bancorp’s Wisconsin Dells Walmart branch, part of the bank’s plans to close three Walmart branches.

    September 19
  • CUJ content
    Lakeview CU Holds ‘Cash Mob’

    NEENAH, Wis. – Lakeview CU drove business to a Menasha bar and grill Tuesday night by giving away money, as part of a new marketing campaign.

    September 18
  • CUJ content
    Longtime CEO Resigns At Mississippi’s Navigator CU

    PASCAGOULA, Miss. – Navigator CU, the state’s second-largest credit union, announced the resignation yesterday of longtime President Laurin Avara earlier this week.

    September 18
  • CUJ content
    Patrick Conway Is Named New President Of PCUA

    HARRISBURG, Penn. – Patrick Conway has been named the new president and CEO of the Pennsylvania Credit Union Association.

    September 18
  • Lending
    Not Much Loan Growth At Small/Medium CUs, Community Banks

    LAKE BLUFF, Ill. – Even though credit union and bank balance sheets have improved since the financial crisis, loan growth has mostly stalled or has fallen at small credit unions and community banks, according to a new study from Moebs $ervices.

    September 18
  • Corporate credit unions
    NCUA Asks Appeals Court To Save More Corporate CU Claims

    SAN FRANCISCO – NCUA has filed an appeal with the Ninth Circuit U.S. Court of Appeals to reinstate claims against Wachovia Capital (now a unit of Wells Fargo & Co.) and Nomura Asset Acceptance Corp.

    September 18
  • CUJ content
    Bankers See Bigger Revenue Gains In Repeal Of CU Tax Exemption

    WASHINGTON – As they lobby Congress for repeal of the credit union tax exemption, the bankers, predictably, have a different estimate of how much revenue a tax on credit unions would raise – one of the keys being looked at by lawmakers as they weigh proposals for tax reform.

    September 18
  • CUJ content
    North Carolina SECU Favors NCUA’s Proposed Stress Tests

    RALEIGH, N.C. – State Employees’ CU, one of four $10 billion-plus credit unions that would be stress-tested under a proposal being discussed by NCUA, is all in favor of the tests now undergone by big banks and insists the results should be made public, as they are for the banks.

    September 18
  • Corporate credit unions
    NCUA Asks 9th Circuit To Save More Corporate CU Claims

    SAN FRANCISCO – NCUA filed an appeal yesterday with the Ninth Circuit U.S. Court of Appeals to reinstate claims against Wachovia Capital (now a unit of Wells Fargo & Co.) and Nomura Asset Acceptance Corp., which both originated subprime loans packaged into mortgage-backed securities that figured into the 2009 failure of WesCorp FCU.

    September 18
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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.

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