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  • CUJ content
    Loan Chief Banned For $60 Million MBL Fraud

    ALEXANDRIA, Va. – NCUA this afternoon banned from credit unions Robert Liddle, the former chief of member business lending at Yuma, Arizona’s AEA FCU for engineering a $60 million MBL fraud that almost sunk the one-time $410 million credit union.

    January 31
  • CUJ content
    Pennsylvania League’s Jim McCormack Retires

    HARRISBURG, Penn. – The Pennsylvania CU Association announced this morning that Jim McCormack, its long-time president and CEO, is retiring at year-end.

    January 31
  • Technology
    FIS Acquires Mobile Banking Pioneer mFoundry

    JACKSONVILLE, Fla. – In the latest of a new flurry of deal-making, FIS announced this morning it has agreed to acquire the 78% it doesn’t own of mFoundry, one of the first providers of mobile technology for credit unions and banks, for $120 million in cash.

    January 31
  • Technology
    ACI Worldwide To Acquire Online Resources Corp.

    NEW YORK – ACI Worldwide, which acquired back-office service provider S1 Corp. last year, has agreed to purchase Online Resources Corp. in an all-cash deal valued at $126.6 million, the two companies announced this morning.

    January 31
  • CUJ content
    ‘Bad Hair Bandit' To Plead Guilty

    LOUISVILLE, Ky. – A man and his wife plan to plead guilty to robbing seven area credit unions and banks in 2011, according to police.

    January 30
  • CUJ content
    Verity CU Offers $6,000 Home Video Prize

    SEATTLE – Verity CU kicked off its second Cartwheel for a Cause contest by inviting anyone in Washington state 18 years or older to submit a short video to win $5,000 for the cause of their choice and $1,000 for him or her.

    January 30
  • Technology
    Caprock FCU Adds SIGNiX E-Signatures

    LAMESA, Texas – Caprock FCU said it signed with SIGNiX to use the company’s digital signature service for online signatures.

    January 30
  • Technology
    Postal CU Signs For CRIF Lending’s Decisionmaking Solution

    WOODBURY, Minn. – Postal CU has signed with CRIF Lending Solutions to provide members with immediate decisioning on their loan requests, which will enable the majority of members who apply for a loan to receive a decision on their request in as little as 60 seconds.

    January 30
  • Branch network
    Community Powered FCU Opens New Headquarters

    BEAR, Del. – Community Powered FCU announced the opening of its new office and headquarters building here.

    January 30
  • Performance reports
    ESL FCU Pays $7.25 Million Member Bonus

    ROCHESTER, N.Y. – ESL FCU paid a dividend to members totaling $7.25 million this month.

    January 30
  • CUJ content
    Chief Loan Officer Guilty Of Falsifying CU Records

    SAN ANTONIO – A former vice president and chief loan officer at Southside CU on Tuesday pleaded guilty to falsifying the institution’s books to hide non-payments on a local car dealer’s $1.4 million line of credit with the credit union.

    January 30
  • CUJ content
    Pressure Mounts On CFPB Nomination

    WASHINGTON – The Competitive Enterprise Institute and the 60 Plus Association on Wednesday called on the Senate to delay the confirmation proceedings for Richard Cordray, director of the Consumer Financial Protection Bureau, until the implications of last week’s federal court ruling invalidating recess appointments – similar to Cordray’s – are better understood.

    January 30
  • CUJ content
    Program To Help Train Disabled For CU Work

    WEST ORANGE, N.J. – The non-profit Kessler Foundation yesterday awarded a $484,452 Signature Employment Grant to the National Disability Institute in Washington, D.C., to fund a program that will train disabled people to work in credit unions.

    January 30
  • Performance reports
    Durbin Amendment Costly For North Carolina SECU

    RALEIGH, N.C. – State Employees CU, one of just three credit unions restricted by enactment of the Durbin amendment, said the provision limiting fees on debit transactions cost it about $40 million in lost revenue in 2012.

    January 30
  • CUJ content
    United Nations FCU Buys Insurance Agency

    LONG ISLAND CITY, N.Y.—United Nations FCU said this afternoon its UNFCU Financial Services LLC, CUSO has acquired Industrial Coverage Corp, a privately-held, full service commercial and personal insurance agency located in nearby Patchogue, Long Island.

    January 30
  • Technology
    CO-OP Financial Launches New Virtual Branch

    RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services announced this morning it is introducing CO-OP Sprig, a multi-institution “virtual credit union branch” giving members the ability to make person-to-person payments and aggregate their accounts in a single portal.

    January 30
  • Fraud
    Alaska ‘Condo King’ Sentenced To Three Years In Prison For MBLs Fraud

    ANCHORAGE – Prominent real estate developer Lee Baker, Jr., known locally as “The Condo King,” was sentenced yesterday to three years behind bars for a lying to Denali Alaskan FCU to obtain as much as $9.4 million in member business loans to finance a condominium development.

    January 30
  • Growth strategies
    Washington’s Justice FCU Expands Into Georgia

    CHANTILLY, Va. – Justice (Department) FCU has spread its wings from this Washington suburb and opened two Georgia branches, after acquiring Georgia Department of Public Safety CU.

    January 29
  • CUJ content
    Wichita’s Catholic Family FCU Hires New CEO

    WICHITA, Kan. – Catholic Family FCU hired Michael Taylor, executive vice president and operations manager at Northwest United FCU, a Catholic credit union based in Arvada, Colo., as president and CEO of the $27-million faith-based credit union.

    January 29
  • CUJ content
    Alliance CU’s CEO Retires

    FENTON, Mo. – Alliance CU said its CEO Dennis Sommer is retiring March 1, after 28 years heading the now $200-million credit union.

    January 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.

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© 2026 Arizent. All rights reserved.