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  • Compliance
    NCUA Endorses Secondary Capital Bill

    WASHINGTON – NCUA Chairman Debbie Matz issued her support this morning for a bill that would allow credit unions to raise secondary capital.

    May 3
  • Technology
    $10K THINK Prize Awarded For Virtual Teller System Idea

    CHICAGO—This year's $10,000 CO-OP THINK Prize went to Technicolor FCU's Robert Baron, for his idea for a "virtual teller system."

    May 3
  • CUJ content
    Earnings Surge At FIS On mFoundry Deal

    JACKSONVILLE, Fla. – FIS, formerly known as Fidelity National Information Services, reported its first quarter earnings soared 31% to $144.1 million, partly due to its acquisition of mobile banking developer mFoundry.

    May 2
  • CUJ content
    Earnings Decline At Cardtronics

    HOUSTON – Cardtronics, the world’s biggest ATM operator, reported a 9% decline in first quarter earnings yesterday, to $9.1 million, even as transaction volume continued to grow.

    May 2
  • CUJ content
    Assistant Manager Jailed In CU Fraud

    PITTSBURGH – A former assistant manager of defunct Lawrence County School Employees FCU was sentenced to 30 months in federal prison and ordered to repay nearly $223,000 for her role in an embezzling scheme that also saw her former boss, the CEO of the $7-million New Castle, Penn., credit union, convicted.

    May 2
  • CUJ content
    Carolina Cooperative CU Chooses TRC Interactive For Fraud Training

    CHARLOTTE, N.C. – Carolina Cooperative CU has selected TRC Interactive’s First Line of Defense ~ Fraud Detection and Loss Prevention Challenge, an online interactive experiential exercise for credit unions.

    May 2
  • CUJ content
    Members CU Names CU Veteran New CEO

    TRAVERSE CITY, Mich. – Members CU has hired Andrew Kempf, president of Preferred FCU, as president and CEO of the $215-million credit union.

    May 2
  • Lending
    Mortgage Rates Keep Pushing Lower

    WASHINGTON – Mortgage rates declined this week for the fifth week in a row, inching nearer to record lows, according to Freddie Mac.

    May 2
  • CUJ content
    Alameda CU To Merge Into Provident CU

    ALAMEDA, Calif. – Alameda CU, a one-time $43-million community credit union, has agreed to merge into nearby Provident CU, a $1.8-billion credit union in nearby Redwood.

    May 2
  • CUJ content
    CP FCU Wins Big Research Grant Deposit

    JACKSON, Mich. – CP FCU has been chosen as the depository for the MedSAU Fund, a research collaboration between the University of Michigan Health System and Spring Arbor University.

    May 2
  • CUJ content
    New Jersey Banker To Head Philadelphia’s Sb1 FCU

    PHILADELPHIA – Sb1 FCU, the former SmithKline employees’ credit union, announced this afternoon it hired Robert Werner, chief operating officer of Two River Community Bank in nearby Middletown, N.J., as president and CEO of the $600 million credit union.

    May 2
  • Performance reports
    ACI Worldwide Says Online Resources, S1 Deals Push It Into The Red

    NAPLES, Fla. – ACI Worldwide, which has emerged as one of the leading service providers for credit unions, reported this morning that losses widened to $2.2 million for its first quarter, from $1.8 million a year ago, because of costs related to its recent acquisitions of Online Resources Corp. and S1 Corp.

    May 2
  • CUJ content
    NCR Breaks Back Into The Black

    DULUTH, Ga. – NCR Corp. reported a $61 million profit for its first quarter, compared to a $19 million loss for the first quarter last year, as revenue surged 13%.

    May 1
  • CUJ content
    Cardtronics Acquires ATM Management Firm

    HOUSTON – Cardtronics on Wednesday announced it has acquired Aptus Financial, a Portland, Ore., provider of services to 3,300 ATMs – the vast majority owned by credit unions, banks and independent merchants.

    May 1
  • CUJ content
    MasterCard Reports Higher Earnings

    PURCHASE, N.Y. – MasterCard reported a 12% increase in first quarter net income yesterday, to $766 million, as spending on its network grew.

    May 1
  • CUJ content
    Visa Earnings Slide, Minus Tax Break

    FOSTER CITY, Calif. – Visa on Wednesday reported a 2% decline in second quarter earnings to $1.27 billion, because of a tax gain last year for the same quarter of $208 million.

    May 1
  • CUJ content
    Bar-Cons FCU Converts Core Processing To Sharetec Core

    COLUMBUS, Ind. – Bar-Cons FCU has selected the Sharetec System as its new core processing system.

    May 1
  • Technology
    Old Ocean FCU Chooses CU*Answers’ Network Services

    BAY CITY, Texas – Old Ocean FCU has selected CU*Answers Network Services as its managed technologies service provider, utilizing the complete care and virtual branch business continuity services.

    May 1
  • CUJ content
    Dade County FCU Implements Print Hardware Upgrade From Mosaic

    MIAMI – Dade County FCU has completed the first round of a company-wide printer and copier refresh by Mosaic Business Solutions.

    May 1
  • CUJ content
    Sharon CU Debuts Intuit’s Android Tablet App

    SHARON, Mass. – Sharon CU has introduced Intuit Financial Services’ Android tablet banking app.

    May 1
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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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