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Market Intelligence:
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  • Growth strategies
    Founders FCU Converts Year-End Dividend To Loyalty Rewards

    LANCASTER, S.C. – Founders FCU, which has rewarded members with as much as $10 million in year-end bonus dividends in recent years, announced it is converting the annual member payout to a loyalty reward.

    September 5
  • Fraud
    Appeals Court Revives CUs’ Suit In Heartland Payments Breach

    NEW ORLEANS – A federal appeals court this week overturned a lower court ruling and remanded an appeal by four credit unions and three banks who sued Heartland Payments System for a massive 2008 data breach that exposed millions of credit union and bank cardholders to fraudulent transactions.

    September 5
  • Compliance
    NCUA Cracks Down On ‘Open’ CUs

    ALEXANDRIA, Va. – NCUA is warning credit unions about advertising that anyone can join, without limitation, saying such an offer may be in violation of laws and regulations.

    September 5
  • CUJ content
    Cops Find Demand Notes In Alleged Bandit’s Home

    WATSONVILLE, Calif. – Police found hand written notes demanding cash and clothing believed worn during six area armed robberies by a woman on trial for being the “Central Coast Bandit.”

    September 4
  • CUJ content
    Well-Known Director At University Of Hawaii FCU Passes

    HONOLULU – University of Hawaii FCU said Farouk Wang, a director at the $550-million credit union for more than 30 years and longtime member of the board at CUNA Mutual, died last weekend at 70.

    September 4
  • Technology
    Melrose CU Signs For StrikeForce Security’s Authentication Solution

    NEW YORK – Melrose CU has purchased StrikeForce's ProtectID Two-Factor Out-of-Band Authentication technology to protect its corporate network from cyber attacks.

    September 4
  • CUJ content
    Granite State CU Selects FMSI’s Teller Management System

    MANCHESTER, N.H. – Granite State CU has deployed Financial Management Solutions Inc.’s Teller Management System for staff scheduling.

    September 4
  • Technology
    Black Hills FCU Overhauls Digital Offerings Through Fiserv

    RAPID CITY, S.D. – Black Hills FCU deployed Corillian Online and Mobiliti from Fiserv, along with several complementary solutions, as part of an overhaul of its digital brand.

    September 4
  • CUJ content
    BECU’s Gary Oakland Wins Wegner Award for Lifetime Achievement

    MADISON, Wis. – The National CU Foundation announced that Gary Oakland, longtime CEO at BECU, the former Boeing Employees’ CU, and a leading advocate for state chartered credit unions, is one of three winners of the 2014 Herb Wegner Memorial Award for Lifetime Achievement.

    September 4
  • CUJ content
    Honolulu City Councilor Fined For Undisclosed CU Ties

    HONOLULU – City Councilwoman Ann Kobayashi has agreed to pay a $500 ethics fine for not disclosing her role as a director for six CUSOs of Aloha Pacific FCU when she introduced and voted for a bill that could have lowered the property taxes of credit unions.

    September 4
  • CUJ content
    California/Nevada CU Leagues To Offer Obamacare Solution

    RANCHO CUCAMONGA, Calif. – The California/Nevada CU Leagues have signed with Digital Benefits Marketplace to offer a private benefits exchange option for their credit unions looking for a solution to the Affordable Health Care Act, known as Obamacare.

    September 4
  • Fraud
    Father, Son Guilty In $220,000 Armored Truck Heist At Navy Federal

    BALTIMORE—Five men, including the 48-year-old planner and his 20-year-old son who drove the getaway car, pleaded guilty to a June 2012 hold-up of an armored truck at Navy FCU when $220,000 was stolen in metro Washington, D.C.

    September 4
  • Growth strategies
    Self-Help CU Cleared For Redevelopment Project

    DURHAM, N.C. – The City Council approved a project by Self-Help CU that will bring a cooperative grocery and other businesses to the underserved neighborhood of West Chapel Hill Street.

    September 4
  • Corporate credit unions
    Court Deals NCUA Another Setback In Wall Street Claims

    WICHITA, Kan. – A federal court yesterday dismissed almost $2 billion of civil claims NCUA filed against JP Morgan Chase for the sale of mortgage-backed securities sold by Washington Mutual Bank to U.S. Central FCU, WesCorp FCU and Southwest Corporate FCU, the latest in a string of dismissals issued by the court in the credit union regulator’s efforts to recoup losses for the corporate credit union bailout.

    September 4
  • Technology
    Card Services For CUs Inks M-Banking Deal With Monitise

    TAMPA, Fla. – Card Services For CUs announced this morning it has expanded its mobile banking portfolio to include Monitise's Bank Anywhere and will offer Monitise's mobile banking services to its 2,600 member credit unions.

    September 4
  • CUJ content
    CORRECTION: Sierra Central CU's CEO

    An item in the Sept. 3 issue of Credit Union Journal's Daily News Update had a mistake regarding management of Sierra Central Credit Union in Yuba City, Calif. John Cassidy remains CEO of Sierra Central, while former COO Ron Sweeney now is president.

    September 3
  • CUJ content
    Ascentra CU Names Dale Owen CEO

    BETTENDORF, Iowa – Ascentra CU has named Dale Owen, its acting CEO since the May death of longtime head Paul Lensmeyer, as president and CEO of the $300-million credit union.

    September 3
  • Lending
    Maryland’s SECU Signs With CU Realty Services

    LINTHICUM, Md. – State Employees’ CU of Maryland yesterday said it contracted with CU Realty Services to provide members a full range of home-buying services.

    September 3
  • Technology
    UMassFive College FCU Adds Fiserv’s Mobile Services

    HADLEY, Mass. – UMassFive College FCU has extended its relationship with Fiserv and signed to implement the company’s account processing and mobile financial services.

    September 3
  • Technology
    Members Choice CU Inks With Geezeo

    PEORIA, Ill. – Members Choice CU said it will integrate Geezeo’s personal financial management product into its online banking platform.

    September 3
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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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