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Market Intelligence:
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  • CUJ content
    Fannie Mae Earns $10 Billion To Pay Down Taxpayer Bailout

    WASHINGTON – Fannie Mae reported a second quarter profit of $10.1 billion, double last year’s second quarter earnings, almost all of which will go to pay down its taxpayer bailout assistance.

    August 8
  • CUJ content
    Tips On Getting Younger Board Members

    LAS VEGAS – Credit union board members here indicated they realize their ranks need to get younger, and three board members under age 40 offered some suggestions on doing just that.

    August 8
  • Corporate credit unions
    NCUA Fights To Save Corporate Claims

    WICHITA, Kan. – NCUA asked a federal appeals court for an expedited review of last month’s lower court ruling dismissing $550 million in claims against Barclays Capital, saying unless the ruling is overturned it could lead to the dismissal of more than $5.2 billion of claims against Wall Street banks for the failure of five corporate credit unions.

    August 8
  • Corporate credit unions
    Catalyst Corporate Seeks Derivatives Powers

    PLANO, Texas – Catalyst Corporate FCU has asked NCUA, which is poised to lift its ban on financial derivatives, to let it deal interest rate swaps, caps, and options to credit unions through its investment subsidiary.

    August 8
  • Branch network
    Lacamas Community CU Rolls Out Customized Diebold ATMs At New Branch

    CAMAS, Wash. – Lacamas Community CU said this morning its new branch in nearby Andreson will feature customized ATMs from Diebold that feature deposit automation and so-called concierge services that allow members to bypass teller lines while providing more time for credit union staff to help members with more advanced financial service needs.

    August 8
  • Growth strategies
    Scott CU Signs Sponsorship Deal With NFL’s St. Louis Rams

    EDWARDSVILLE, Ill. – Scott CU, located a 15-minute drive from St. Louis, announced a three-year partnership yesterday with the St. Louis Rams football team that includes TV and radio commercials, spots on the scoreboard at the Rams’ Raymond James Stadium and the Rams’ weekly TV show, a presence on the Rams’ website and a number of community events.

    August 8
  • CUJ content
    Student Loan Service LendKey Raises $12.5 Million in Venture Funds

    NEW YORK – LendKey, provider of private student loans for credit unions formerly called Fynanz, announced the closing of an additional $12.5 million in Series B venture funding.

    August 7
  • CUJ content
    Freddie Mac Reports Another Profit

    WASHINGTON – Freddie Mac reported a $5 billion second quarter net yesterday, up from $3 billion for the same quarter last year, and its seventh quarterly profit in a row.

    August 7
  • Technology
    HOPE CU Rolls Out Bluepoint’s Mobile Remote Deposit Capture

    JACKSON, Miss. – HOPE Credit Union has deployed Bluepoint Solutions’ mobile remote deposit capture solution, QwikDeposit ToGo, as part of the credit union’s mobile banking app powered by Malauzai Software.

    August 7
  • Payments
    Xceed Financial CU Inks Cards Deal With TMG

    EL SEGUNDO, Calif. – Xceed Financial CU has signed with The Members Group to provide it with card processing services.

    August 7
  • Technology
    Sharonview FCU Adds Silanis e-Signatures

    FORT MILL, S.C. – Sharonview Federal Credit Union has signed with Silanis Technology of Quebec to implement the company’s on-premise e-signing software.

    August 7
  • CUJ content
    Directors Express No Interest In Getting Paid

    LAS VEGAS – While the concept of getting paid for something formerly done for free might seem attractive, credit union board members attending the 36th Annual Directors’ Convention here Wednesday panned the idea of CUs paying volunteers.

    August 7
  • Growth strategies
    Tyco FCU Now Reach FCU

    MENLO PARK, Calif. – Tyco FCU, the $103-million credit union for Tyco International, has changed its name to Reach FCU as an outreach to remote members.

    August 7
  • Branch network
    Ohio’s KEMBA Financial CU Plans Five New Branches

    GAHANNA, Ohio – Fast-growing KEMBA Financial CU said it plans to add as many as five new branches in the next few years, as it grows to meet an expanded field of membership.

    August 7
  • Compliance
    New Flurry Of Disability Act Suits

    NASHVILLE – A prolific plaintiffs’ lawyer who has filed more than 100 suits against credit unions and banks over provisions of the Americans With Disabilities Act requiring all ATMs to be accessible to the sight impaired added another seven ADA actions Monday, including six filed here in federal court.

    August 7
  • CUJ content
    Well-Known California CU Exec Gary Bell Passes

    BERKELEY, Calif. – Cooperative Center FCU announced that Gary Bell, president of the $105 million credit union and a member of the Consumer Financial Protection Bureau’s inaugural Credit Union Advisory Council, died last week at 54 from a bacterial sinus infection.

    August 7
  • Branch network
    University FCU Inks ATM Maintenance Deal With Diebold

    AUSTIN, Texas – University (of Texas) FCU said this morning it signed with Diebold to provide its fleet of more than 100 Opteva ATMs, including four Interactive Financial Centers, or tellerless branches, with a variety of maintenance, security and compliance services.

    August 7
  • Branch network
    University FCU Inks ATM Maintenance Deal With Diebold

    AUSTIN, Texas – University (of Texas) FCU said this morning it signed with Diebold to provide its fleet of more than 100 Opteva ATMs, including four Interactive Financial Centers, or tellerless branches, with a variety of maintenance, security and compliance services.

    August 7
  • Branch network
    Cardtronics Enters Europe

    HOUSTON – Cardtronics said this morning it has continued its acquisitions spree with a deal to acquire Cardpoint Limited, an operator of 7,100 ATMs in the U.K. and Germany for $153 million cash, representing the ATM giant’s first foray into Continental Europe.

    August 7
  • CUJ content
    Pen Air FCU Announces Partnership With BALANCE

    PENSACOLA, Fla. – Pen Air Federal Credit Union said it has formed a partnership with BALANCE Financial Fitness Program to provide its members with unbiased money management information and services.

    August 6
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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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