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  • Corporate credit unions
    Court Moves To Dismiss Some NCUA Corporate Claims

    LOS ANGELES – In a ruling that could severely hamper NCUA’s recovery efforts in the corporate credit union bailout, a federal court yesterday tentatively dismissed some of NCUA’s $491 million of claims against Goldman Sachs & Co. on the grounds that they were filed too late.

    March 15
  • CUJ content
    CU Robber Charged In 10-Year-Old Unsolved Murder

    FORSYTH, Mo. – A convicted credit union robber serving a 14-year-prsion sentence this week was charged with an unsolved murder that occurred 10 years ago.

    March 14
  • CUJ content
    Mountain America CU Awards $14,000 In Financial Ed Grants

    WEST JORDAN, Utah – Mountain America CU awarded a total of $14,000 in grants to three local high schools during its inaugural DECA Financial Literacy Challenge.

    March 14
  • Branch network
    Numerica Opens Branch In Former Bank Building

    SPOKANE, Wash. – Numerica CU plans to open two new branches by the end of next year, including one this year in the two-story former First National Bank Building downtown.

    March 14
  • Lending
    Langley FCU To Use Mortgage Cadence’s Symphony For Loan Originations

    HAMPTON ROADS, Va. – Langley FCU yesterday said it signed with Mortgage Cadence LLC to implement the company’s Symphony platform to support the credit union’s rapidly expanding mortgage program.

    March 14
  • Lending
    Mortgage Rates Rise To Six-Month Highs

    WASHINGTON – Mortgage rates climbed this week to their highest levels since last August, as stronger-than-expected employment growth drove up yields for the government securities that guide home loans, according to Freddie Mac.

    March 14
  • CUJ content
    Businessman Guilty Of Kiting Thousands Of Checks

    TOPEKA, Kan. – A local businessman on Thursday pleaded guilty to writing more than 5,000 insufficient funds checks in a check kiting scheme that defrauded Educational CU and two Topeka banks.

    March 14
  • CUJ content
    FIS Completes Takeover Of mFoundry

    JACKSONVILLE, Fla. – FIS on Thursday said it has completed the acquisition of mobile banking pioneer mFoundry.

    March 14
  • Compliance
    CFPB Stakes Out New Ground Over Student Loan Servicers

    WASHINGTON -- The Consumer Financial Protection Bureau proposed a rule today that would give it supervisory authority over certain nonbank student loan servicers, but a special carve-out will exempt all credit unions and student loans CUSOs.

    March 14
  • Corporate credit unions
    NCUA Approves Another Corporate Merger

    ALEXANDRIA, Va. – The NCUA Board voted in closed meeting this morning to approve the combination of Alloya Corporate FCU with Michigan’s CenCorp CU, with the latest corporate merger creating one of the nation's largest corporates with more than $3 billion in assets.

    March 14
  • Growth strategies
    Better Branches Measures Every Branch Visit

    SAN FRANCISCO – Better Branches Technology introduced a new way to measure lobby and teller interactions this morning that records every branch visit in real time, instead of by measuring transactions.

    March 14
  • Growth strategies
    Second Time’s The Charm For Big Ohio Community Charter Bid

    ALEXANDRIA, Va. – The NCUA Board approved a sprawling four-county charter this morning for CinFed FCU, which failed in its earlier bid for a much larger eight-county, three-state FOM covering more than two million people.

    March 14
  • CUJ content
    New England FCU Donates $26,000 To Children’s Hospital

    WILLISTON, Vt. – New England FCU contributed a check for $26,453, representing funds raised during the credit union’s annual Big Change Roundup, to Vermont Children’s Hospital.

    March 13
  • CUJ content
    Serial Robber Sentenced For CU Holdups

    POWELL, Wyo. – A Utah man who pleaded guilty to holding up credit unions and banks in four states after being arrested in North Dakota was sentenced to more than nine years in federal prison.

    March 13
  • Compliance
    Washington Regulator Says CU Can Call ‘Supervisory’ Committee ‘Audit’

    OLYMPIA, Wash. – State regulators said state chartered credit unions may establish an audit committee and substitute it for the mandated supervisory committee as long as it encompasses the same oversight functions as the traditional supervisory panel.

    March 13
  • CUJ content
    Nikkei CU Opts For Share One’s NewSolutions Core Processor

    GARDENA, Calif. – Nikkei CU has converted to Share One’s NewSolutions data processing system.

    March 13
  • Growth strategies
    Michigan’s Chiropractic FCU Grows In Wisconsin

    FARMINGTON, Mich. – Chiropractic FCU has received approval from NCUA to expand into Michigan and serve chiropractors there.

    March 13
  • CUJ content
    Sentencing Postponed In $107,000 CU Heist

    BIRMINGHAM, Ala. – A federal judge on Wednesday continued the sentencing hearing for one of two robbers in the 2008 armed holdup of $106,950 from Fort McClellan CU in Jacksonville, Fla.

    March 13
  • CUJ content
    California Senate Confirms DFI Commissioner

    SACRAMENTO, Calif. – The California state Senate unanimously confirmed Teveia Barnes as commissioner of the state Department of Financial Institutions, an agency that regulates more than 300 state chartered credit unions and banks.

    March 13
  • CUJ content
    NCUA Board Petition Has Gathered 4,000 Signatures

    WASHINGTON – A petition calling on the White House to include “commitment to cooperative principles” among the criteria used when nominating someone for the NCUA Board has now gathered approximately 4,000 signatures.

    March 13
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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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