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  • Fraud
    Court Grants Allsouth FCU Phishing Rights In Bid To Unmask Online Fraud

    COLUMBIA, S.C. – A federal court ordered Comcast to divulge the identities of certain Internet subscribers to AllSouth FCU in its bid to discover the perpetrators of an online phishing scam targeting its members.

    May 31
  • Performance reports
    SELCO Community CU Acquires Troubled Greater Oregon FCU

    EUGENE, Ore. – SELCO Community CU, the state’s third-largest credit union, is adding three branches with a deal to merge struggling Greater Oregon FCU, a one-time $45 million credit union based in Burns, Ore.

    May 31
  • Technology
    Baxter CU Pilots Uniform CU Standard For Financial Data Exchange

    VERNON HILLS, Ill. – Baxter CU this week became the first credit union to go live with a proposed credit union standard for the integration of credit union data across diverse channels, a specification being called CU Financial Exchange, or CUFX.

    May 31
  • CUJ content
    International CU Day Theme Announced

    Playing off of CUNA's new "Unite for Good" slogan, the World Council of Credit Unions has selected "Credit Unions Unite for Good: A Better Way" as the theme for this year's International Credit Union Day coming up Oct. 17.

    May 31
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  • CUJ content
    Navy Tech Ends 36 Years On Chartway FCU Board

    VIRGINIA BEACH, Va. – Chartway FCU said Al Merritt, a mechanical engineering technician with the U.S. Navy for 30 years, retired from its board of directors after 36 years, and a total of 46 years as a volunteer.

    May 30
  • CUJ content
    Vermont FCU Adds FMSI’s Teller Management Solution

    BURLINGTON, Vt. – Vermont FCU has adopted Financial Management Solutions Inc.’s Teller Management System.

    May 30
  • Technology
    Desert Schools FCU Chooses ACI Worldwide’s Online Banking

    PHOENIX – Desert Schools FCU has signed with ACI Worldwide to implement the company’s online banking and bill payment services.

    May 30
  • Lending
    Mortgage Rates Climb To 12-Month High

    WASHINGTON – Long-term mortgage rates followed government bonds higher this week, with the average rate on a 30-year fixed-rate mortgage jumping to a one-year high, according to Freddie Mac.

    May 30
  • CUJ content
    States Balk At Visa/MasterCard Deal

    NEW YORK – Numerous U.S. states this week joined big box retailers and merchant trade groups in objecting to a $7.25-billion Visa and MasterCard class action settlement.

    May 30
  • Growth strategies
    A Turnaround Story That Gets Attention

    ORLANDO, Fla. – A credit union that turned $300,000 in losses into a $1 million net gain has drawn the attention of two interested parties: NCUA, and attendees at Credit Union Journal’s Grow Show here.

    May 30
  • Growth strategies
    Tippets Shares North Island’s Recovery Story

    ORLANDO, Fla. – San Diego-based North Island CU has long had a strong connection with the U.S. Navy and a local Naval Air Station, so it is fitting that former CEO John Tippets would rely on a nautical metaphor for one element of that CU’s turnaround.

    May 30
  • Growth strategies
    Commonalities in Two Different Paths To Growth

    ORLANDO, Fla. – Two CEOs who have taken different paths to arrive at similarly successful places when it comes to returning value to members emphasized the same points to attendees at Credit Union Journal’s Grow Show here: success requires a sound strategy and singular focus.

    May 30
  • Technology
    San Diego County CU Debuts Card Switching App

    SAN DIEGO – San Diego County CU said this afternoon it has introduced a new capability for its mobile technology which allows Visa card holders to transfer their credit card accounts from other financial institutions to a San Diego County CU Visa credit card.

    May 30
  • Performance reports
    Membership Growth Spurts

    ALEXANDRIA, Va. – Credit unions added 800,000 new members in the first quarter of the year, the best quarter ever for membership growth, NCUA said this afternoon.

    May 30
  • Fraud
    Member Sentenced To Eight Years For MBL Fraud

    LAS VEGAS – A member of Lockheed FCU (now Logix FCU) was sentenced yesterday to 98 months in federal prison and ordered to pay $4.9 million restitution for making false statements to obtain a $7.5 million member business loan that eventually went sour and siphoning more than $1.3 million of the proceeds for himself.

    May 30
  • Compliance
    CUs Petition For FASB Carve-Out

    NORWALK, Conn.—Credit unions are overwhelmingly scoring a proposal by the Financial Accounting Standards Board to incorporate predictions of future loan performance in their calculations for allowance for loan losses and are asking the accounting rule-setters for an exemption from the proposal if it is finalized.

    May 30
  • CUJ content
    GTE Financial Raises $42,000 For Local Scholarships

    TAMPA, Fla. – GTE Financial’s first scholarship golf tournament fundraiser raised more than $42,000 for area students to pursue their academic goals.

    May 29
  • CUJ content
    Leominster CU Promotes Exec To CEO

    LEOMINSTER, Mass. – Leominster CU has named John O’Brien, its senior vice president of lending, as president and CEO of the $675-million credit union.

    May 29
  • Technology
    Air Academy FCU Adds Mobile Capture Through Malauzai Software

    COLORADO SPRINGS, Colo. – Air Academy FCU has introduced a mobile remote deposit capture program in partnership with Malauzai Software and Bluepoint Solutions.

    May 29
  • CUJ content
    California Coast CU Partners With StillSecure For Compliance

    SAN DIEGO – California Coast CU has signed with StillSecure to provide it with the company’s Network Access Control solution, Safe Access, to help tackle complicated issues such as FFIEC and NCUA compliance.

    May 29
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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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