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Market Intelligence:
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  • Lending
    Little Loan Growth At Small/Medium CUs And 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 Services.

    September 18
    meobs-091813-550.jpg
  • Compliance
    NCUA To Stress Test Biggest CUs

    COEUR D’ALENE, Idaho – NCUA said today its Office of National Examinations and Supervision is drafting a proposed rule to require annual stress tests at credit unions with assets exceeding $10 billion.

    September 18
  • CUJ content
    Conway Named New PCUA President

    HARRISBURG, Pa. – Patrick Conway has been named the new president/CEO of the Pennsylvania Credit Union Association. Conway succeeds long-time president Jim McCormack, who retires at year-end.

    September 18
  • Branch network
    Maine’s University CU Breaks Ground On New HQ

    ORONO, Maine – University CU on Tuesday began clearing ground at the historic 1820s Katahdin Building – which was gutted by fire in 2009 – on a new 16,000-square-foot, Greek Revival-style structure that will serve as its administrative offices.

    September 17
  • CUJ content
    Meritrust CU Pledges $225,000 To Fund Entrepreneur Program

    WICHITA, Kan. – Meritrust CU announced a $225,000, three-year grant to support Wichita State University’s Center for Entrepreneurship outreach programs.

    September 17
  • CUJ content
    Minnesota’s Financial One CU Introduces New CEO

    COON RAPIDS, Minn. – Financial One CU said Ross Bloomquist, its executive vice president since 2009, has been promoted to president and CEO of the $64-million credit union.

    September 17
  • CUJ content
    Banks Pay $10 Million To Settle Overdraft Suits

    SALT LAKE CITY – Zions National Bank and three other banks have agreed to pay a total of $10 million to customers who say they fraudulently processed transactions using a “high-to-low” scheme that caused them to accumulate multiple overdrafts.

    September 17
  • Branch network
    SAC FCU Plans Walmart Branch

    BELLEVUE, Neb. – SAC FCU plans to open a branch inside a new Walmart Supercenter, under construction downtown.

    September 17
  • CUJ content
    Colo. Flooding Spares CUs; Imparts Biz-Continuity Lesson

    BOULDER, Colo. – Although credit unions here experienced little physical damage from the record storm that slammed the city and surrounding areas, CU executives say they did learn a vital business-continuity lesson.

    September 17
  • CUJ content
    CUs Poised For Impending Intro Of Tax Reform Bill

    WASHINGTON – Members of the tax-writing House Ways and Means Committee could get their first glimpse of a tax reform bill as early as next month, heightening ongoing efforts to preserve the credit union tax exemption.

    September 17
  • CUJ content
    Navy FCU Staff Made Members’ Safety Top Priority During Deadly Shooting

    WASHINGTON--When the deadly shooting spree on the Washington Navy Yard began Monday, staff of the Navy FCU office located on the base immediately gathered members together and locked the credit union’s doors, waiting for the gunfire to end.

    September 17
  • CUJ content
    Colorado Flooding Spares CUs; <br />Imparts Business-Continuity Lesson

    BOULDER, Colo.--Though credit unions in Boulder experienced little physical damage from the record storm that slammed the city and surrounding areas, CU executives say they did learn a vital business-continuity lesson.

    September 17
  • Fraud
    Bogus Tax Returns Laundered Through Alabama Telco CU

    MONTGOMERY, Ala. – An Alabama man was arrested and charged yesterday with filing dozens of phony federal income tax returns and hiring accomplices to deposit more than $200,000 of proceeds into accounts at Alabama Telco CU and a local bank, Community Bank & Trust.

    September 17
  • Lending
    CUNA Unveils Mortgage Compliance Resources on CUNA.org

    WASHINGTON – CUNA has unveiled a new compliance resource for CFPB Mortgage Rules.

    September 16
  • CUJ content
    Lake State CU Implements eDOC’s DocLogic Image Processing

    MOOSE LAKE, Minn. – Lake State CU has signed with eDOC Innovations to deploy DocLogic, a core image processing suite of products.

    September 16
  • Growth strategies
    Operating Engineers FCU Inks With Geezeo

    LIVERMORE, Calif. – Operating Engineers FCU has signed with Geezeo to offer the company's Personal Financial Management solution to its members.

    September 16
  • Payments
    Indiana Members CU Introduces Affinity Debit Cards For Local High Schools

    INDIANAPOLIS – Indiana Members CU is offering new debit card options that features two area high schools’ mascots.

    September 16
  • CUJ content
    Post Community CU Converts To CU*BASE

    BATTLE CREEK, Mich. – Post Community CU has signed with CU*Answers to deploy the CUSO’s CU*BASE online processing agreement.

    September 16
  • Technology
    Eli Lilly FCU Rolls Out Q2 Online Banking Platform

    INDIANAPOLIS – Eli Lilly FCU has implemented the Q2platform, which the company said will provide the credit union’s members with a unified experience across all channels and consolidating reporting.

    September 16
  • Technology
    Melrose CU Adds StrikeForce’s Protect ID Authentication

    QUEENS, N.Y. – Melrose CU has purchased StrikeForce's ProtectID Two-Factor Out-of-Band authentication technology to protect its corporate network and meet regulatory compliance.

    September 16
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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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