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Market Intelligence:
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  • Growth strategies
    Connecticut Eyes CU Savings Lottery

    HARTFORD, Conn. – The state’s House of Representatives passed legislation yesterday that would allow the state's credit unions to offer savings raffles or lotteries, which would make Connecticut the seventh state to allow savings contests.

    April 25
  • CUJ content
    Wyoming’s Atlantic City FCU Pledges $25,000 To New Community Center

    LANDER, Wyo. – Atlantic City FCU on Wednesday committed to donating $25,000 to the construction of Lander’s future community center, which burned down.

    April 24
  • CUJ content
    ‘Bad Hair Bandit’ Collared

    LOUISVILLE, Ky. – A man who robbed as many as seven area credit unions and banks wearing various wigs pleaded guilty to five counts of armed robbery last week.

    April 24
  • CUJ content
    United Shoreline FCU Signs With eFraud Prevention

    NEW HAVEN, Conn. – United Shoreline FCU has chosen eFraud Prevention LLC to provide it with fraud prevention services.

    April 24
  • CUJ content
    Golden Plains CU Adds TRC Interactive For Online Training

    GARDEN CITY, Kan. – Golden Plains CU has selected TRC Interactive to provide it with online instruction through CreditUnionTrainingOnline for its employees.

    April 24
  • CUJ content
    Maine’s NorState FCU Promotes EVP To CEO

    MADAWAKSA, Maine – NorState FCU has named Susan Whitehead, its executive vice president, the next president and CEO of the $156-million credit union.

    April 24
  • CUJ content
    1st United Services CU Offers Legal Services

    PLEASANTON, Calif. – 1st United Services CU, in partnership with RocketLawyer, is providing members with free legal documents and offering to find a local lawyer to help with other legal issues.

    April 24
  • Branch network
    CAP COM FCU Cleared to Build 118,000-Square-Foot Headquarters

    COLONIE, N.Y. – CAP COM FCU on Tuesday night received final approval to build a new three-story, 118,400-square-foot office here.

    April 24
  • CUJ content
    Fledgling CU Seeks Faith-Based Financial Pledges

    YOUNGSTOWN, Ohio – The Community of Faith CU, a credit union in the chartering stage, is soliciting financial commitments from 100 area churches in an effort to raise $150,000 that will qualify it for a $1.5 million non-member deposit from the Ohio CU League.

    April 24
  • CUJ content
    HR/TD Council Conference: Big Changes To Employee Benefits

    ANAHEIM, Calif. – Health insurance has been regarded by most American companies as a standard employee benefit since World War II, but two experts say that is changing.

    April 24
  • CUJ content
    Elementary School Student Learns $1 Million Deposits Do Not Earn What They Used To

    JACKSON, Mich. – CP FCU, which operates 33 in-school branches, provided limousine services and prizes totaling about $500 to an 11-year-old student at St. John Elementary School who won the credit union’s “Millionaire for a Day” contest.

    April 24
  • Fraud
    Wright-Patt Wins Dismissal Of $10 Million Privacy Suit

    DAYTON, Ohio – A federal judge yesterday dismissed a $10 million Privacy Act suit brought against Wright-Patt CU by a family who claimed the credit union illegally shared their account information with the FBI and local police investigating allegations of PIN or VIN flipping of heavy construction equipment rentals.

    April 24
  • CUJ content
    Connecticut League’s CEO To Head Bay State’s IC FCU

    FITCHBURG, Mass. – IC FCU said this morning it has hired Anthony Emerson, president of the CU League of Connecticut the past five years, as president and CEO of the $475 million credit union.

    April 24
  • Performance reports
    Navy Federal Steers Towards Record Year

    VIENNA, Va. – Navy FCU reported a record $218.2 million first quarter net income this morning, up 29% from last year’s first quarter, as the world’s biggest credit union continued to land record mortgages.

    April 24
  • Technology
    Velocity CU Adds Online Chat

    AUSTIN, Texas – Velocity CU announced this morning it has launched a secure online chat interface for members on its webpage.

    April 24
  • CUJ content
    Business Partners Posts Profitable Q1

    CHATSWORTH, Calif. – Commercial real estate lending CUSO Business Partners, LLC reported it turned a profit in the first quarter, thanks to a reduction in overhead expenses.

    April 23
  • CUJ content
    Freedom CU Holds Lottery For Free Phillies Tickets

    PHILADELPHIA – Now through the end of May, when an existing Freedom CU member goes paperless, he or she will automatically be entered into a random drawing for a chance to attend a Freedom “Party At The Ballpark!” to see Major League Baseball’s Philadelphia Phillies.

    April 23
  • CUJ content
    NCUA Inspector General To Retire

    ALEXANDRIA, Va. – NCUA on Tuesday announced that William DeSarno, the agency’s Inspector General the past eight years who authored scathing reports on NCUA’s culpability in the corporate credit union debacle, is retiring June 1 and will be succeeded by James Hagen, the agency’s Deputy Inspector General for Audit.

    April 23
  • CUJ content
    Fairwinds CU Exec To Head Seminole Schools FCU

    SANFORD, Fla. – Seminole Schools FCU yesterday said it hired Dan Kelley, regional vice president for branch services at Fairwinds CU the past eight years, as president and CEO of the $38-million credit union.

    April 23
  • CUJ content
    Missouri’s BluCurrent CU Says CEO Ends 35-Year Tenure

    SPRINGFIELD, Mo. – BluCurrent CU, formerly Springfield Postal Employees CU, said Steve Pierson is ending 38 years with the credit union – the last 35 as CEO – and will be succeeded as president and CEO of the $148-million institution by Executive Vice President Craig Tabor.

    April 23
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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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