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Market Intelligence:
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Industry Data
  • CUJ content
    Kansas City CU Hires New CEO

    KANSAS CITY, Mo. – Kansas City CU has named Eric Jones, a former executive at Mazuma CU, as president and CEO of the $24-million credit union.

    March 31
  • CUJ content
    CEO Ends 35 Years At 1st MidAmerica CU

    BETHALTO, Ill. – Don Reedy, president and CEO of 1st MidAmerica CU, will retire at the end of May, ending a 35-year career with the $482-million credit union.

    March 31
  • Technology
    Eli Lilly FCU Converts To Mortgage Cadence’s Symphony Loan Platform

    INDIANAPOLIS – Eli Lilly FCU has signed with Mortgage Cadence LLC to implement the company’s Symphony loan solution this spring.

    March 31
  • CUJ content
    NCUA Bans Thieving CEOs

    ALEXANDRIA, Va. – NCUA on Friday banned Crystal Lankford, former CEO of H.B.E. CU, from the credit union industry for her criminal conviction of stealing $636,000 from the tiny Seward, Neb., credit union.

    March 31
  • Growth strategies
    Summit FCU Launches $1 Million Loan Saver Challenge

    GREENSBORO, N.C. – Summit FCU has introduced a promotion aimed at helping members transfer loans from high-cost predatory lenders to the credit union.

    March 31
  • CUJ content
    Court Challenge To Check Printer’s Going Private Deal

    WILIMINGTON, Del. – Lawyers for billionaire financier Ronald Perelman last week told the Delaware Chancery Court the owner of MacAndrews & Forbes Worldwide did not shortchange other shareholders of M&F Worldwide when he bought up the M&F shares he did not own and took the parent of check printing giant Harland Clarke private in 2011.

    March 31
  • Growth strategies
    Lake Trust CU Member Wins $22,500 MasterCard Sweepstakes

    LANSING, Mich. – A member of Lake Trust CU is the winner of MasterCard’s 2012 Priceless New York Sweepstakes and he and his wife will enjoy a four day, three night trip to New York City, as well as a show, dinner, guided tour, a $2,000 MasterCard gift card and $7,500 cash--all valued at $22,500.

    March 29
  • CUJ content
    CEO Denies Responsibility For Huge Texans CU Failure

    DALLAS – The former CEO of Texans CU rebutted NCUA allegations that his negligence caused the failure of the one-time $2 billion credit union, being run under NCUA conservatorship the past two years.

    March 29
  • Fraud
    Lending Chief Charged With Falsifying $340,000 Of Loans For Himself

    HOUSTON – The former vice president of lending at Members Choice CU was charged yesterday with creating $340,000 of loans in unwitting members’ names that he used to pay his credit card bills, his taxes, and for home improvements, among other things.

    March 29
  • CUJ content
    Philadelphia FCU In $50,000 Sponsorship Of Philly Cycling Classic

    PHILADELPHIA – Philadelphia FCU has agreed to pay $50,000 to help sponsor the first the first Parx Casino Philly Cycling Classic this summer.

    March 28
  • CUJ content
    Wine Auction Raises $500,000 For Children’s Miracle Network

    DANA POINT, Calif. – The eighth annual California and Nevada CUs for Kids Wine Auction raised $500,000 for the 1 Children’s Miracle Network Hospitals in the two states.

    March 28
  • CUJ content
    TopLine FCU Joins Seven-Year Student Study

    MAPLE GROVE, Minn. – TopLine FCU has joined Hennepin Technical College and Brooklyn Park Campus in a seven-year study funded by the U.S. Department of Education tracking students’ academic performance, college preparation, enrollment and achievement.

    March 28
  • Payments
    Hartford Healthcare FCU Signs With Covera For Cards Processing

    HARTFORD, Conn. – Hartford Healthcare FCU on Thursday said it has contracted with Covera, a unit of the CU Association of New York, for both credit and debit/EFT processing.

    March 28
  • Technology
    Consumers CU Adds Andera’s oFlows Automated Account Opening

    WAUKEGAN, Ill. – Consumers CU has implemented Andera’s oFlows paperless platform for account opening and loan applications.

    March 28
  • Branch network
    Credit Union ONE Opens New Contact Center

    FERNDALE, Mich. – Credit Union ONE has opened a new Member Contact Center, which it said will help provide a higher level of service to its members.

    March 28
  • Lending
    Mortgage Rates Rise

    WASHINGTON – Mortgage rates tipped up this week amid an expanding housing market, according to Freddie Mac.

    March 28
  • CUJ content
    Authorities Bust Global Card Skimming Network

    BUCHAREST, Romania – Law enforcement agencies in Europe, America and Australia arrested 70 suspects in a Romanian-based ATM skimming ring that allegedly used bogus ATM cards to drain nearly $3 million from credit union and bank accounts around the world.

    March 28
  • Corporate credit unions
    NCUA Lowers Corporate Assessment Projections

    ALEXANDRIA, Va. – NCUA yesterday reduced its projections for future corporate credit union assessments and estimated this year’s assessments will be between eight and 11 basis points, or $800 million to $1.1 billion.

    March 28
  • Growth strategies
    Director Pay Bill Advances In Washington

    OLYMPIA, Wash. – Legislation that would allow state chartered credit unions to pay their directors has moved through the Senate and is advancing towards a vote in the House, as credit unions around the country look for new ways to recruit members of their boards.

    March 28
  • Technology
    Patelco CU Hires New IT Chief After DDoS Attacks

    PLEASANTON, Calif. – Patelco CU, which suffered website downages after two hacker attacks, said this morning it hired a new chief information officer who will be responsible for information technology and information services at the $4 billion credit union.

    March 28
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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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