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Market Intelligence:
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  • CUJ content
    Troubled Connecticut CU Merged Out

    HARTFORD, Conn. – Connecticut regulators on Thursday said they have approved the merger of The Greater Norwalk CU, a one-time $31-million credit union that has reported losses the past four years, into North East Alliance FCU, a $75-million credit union based in nearby Nanuet, N.Y

    January 3
  • CUJ content
    Greylock FCU Wins $155,000 Workforce Training Grant

    PITTSFIELD, Mass. – Greylock FCU and Leominster CU were among 87 Bay State companies to be awarded worker training grants from the state.

    January 3
  • CUJ content
    Florida Hospital CU Signs Processing Pact With CU*Answers

    ALTAMONTE SPRINGS, Fla. – Florida Hospital CU has signed with CU*Answers to convert its processing to the company’s CU*BASE core processing system.

    January 3
  • Technology
    Boeing Helicopters CU Adds Andera’s oFlows Account Opening

    RIDLEY PARK, Penn. – Boeing Helicopters CU has signed with Andera to implement the company’s oFlows paperless platform for online account opening.

    January 3
  • Growth strategies
    IH Mississippi Valley CU Inks Card Deal With IQR Consulting

    MOLINE, Ill. – IH Mississippi Valley Credit Union has signed with IQR Consulting to conduct an in-depth analysis of the cooperative’s credit card and checking account portfolios.

    January 3
  • Lending
    Mortgage Rates Hold Near Record Lows

    WASHINGTON – Long-term mortgage rates started the New Year in the same holding pattern they have had for months, remaining near all-time lows, according to Freddie Mac.

    January 3
  • Growth strategies
    Public Service CU Continues Expanding To Community Base

    DENVER – Public Service CU, which expanded into two counties last year, has applied to Colorado regulators to serve almost 1 million people in the state’s El Paso and Douglas counties.

    January 3
  • Corporate credit unions
    NCUA Seeks Corporate CU Recompense From Former GMAC Unit

    NEW YORK – NCUA has joined a variety of creditors in the huge Residential Capital LLC bankruptcy seeking a mediator to review its claims of $300 million in recompense for the failures of U.S. Central FCU and WesCorp, among the credit union agency’s growing claims over the collapse of the corporate system.

    January 3
  • CUJ content
    Teller Charged With $620,000 Theft In CUMIS Civil Suit

    CINCINNATI – A teller at CINCO Family Financial Center CU was charged in a civil suit with stealing $620,000 from the credit union’s vault and cash dispensers at its Clifton branch by inserting $1 bills within the bricks of $50s and $100s to replace the $50 and $100 bills that she stole.

    January 3
  • CUJ content
    CEO Convicted Of Looting $3.4 Million From Her Tiny CU

    The former president and sole employee at Women’s Southwest FCU, a tiny feminist credit union shuttered by NCUA in October, pled guilty yesterday to stealing $3.4 million from the credit union over 11 years.

    January 3
  • Technology
    NCR Acquires Video Teller-Developer uGenius

    NCR Corp. announced this morning it has acquired uGenius, the pioneer in video teller machines being used in as many as a dozen credit unions.

    January 3
  • CUJ content
    CU Recruiter To Head Tucson Old Pueblo CU

    Tucson Old Pueblo CU said this afternoon it hired Vern Babilon, a long-time credit union executive and head of his own credit union recruiting firm, GVBabilon Associates, as president and CEO of the $135 million credit union.

    January 3
  • CUJ content
    Atlanta Children’s Hospital Names Unit For Delta Community CU

    ATLANTA – Children’s Healthcare of Atlanta and Children’s Miracle Network have recognized Delta Community CU for the credit union’s ongoing support, which includes $1.6 million in contributions, by naming Egleston Hospital’s Cardiac Catheterization Lab for the credit union and its outgoing CEO Rick Foley.

    January 2
  • CUJ content
    Collections Manager Stole Vehicle Insurance Checks

    ORLANDO, Fla. – NCUA has barred a former collections manager at McCoy FCU from the credit union industry for her conviction on charges of embezzling $167,000 of vehicle insurance checks paid to the credit union.

    January 2
  • CUJ content
    MY CU Services Introduces Group Buying For Supplies

    MIDDLETOWN, Penn. – MY CU Services, a CUSO for Mid-Atlantic Corporate FCU, has launched a new program aimed at lowering workplace supply costs for credit unions by utilizing a group-buying strategy.

    January 2
  • Performance reports
    DATCU CU Rewards Members For Record Year

    DENTON, Texas – DATCU CU, which recorded its best year ever, shared record earnings with its members by paying $974,000 in special dividends Jan. 1.

    January 2
  • Performance reports
    AMOCO FCU Pays Members $1 Million Bonus

    TEXAS CITY, Texas – AMOCO FCU will celebrate another strong year by paying its members $1 million in bonus dividends and loan interest refunds, its 17th straight member bonus.

    January 2
  • Performance reports
    CoVantage CU Pays Members $1.5 Million

    ANTIGO, Wis. – CoVantage CU announced $1.5 million in patronage dividends were paid to the credit union’s borrowing and saving members.

    January 2
  • Technology
    Belvoir FCU Adds Biometric Fingerprint Authentication For Employees

    WOODBRIDGE, Va. – Belvoir FCU has implemented a new technology called DigitalPersona, a biometrics fingerprint authentication system, for its employees.

    January 2
  • CUJ content
    NCUA Approves More Low-Income CUs

    ALEXANDRIA, Va. – NCUA said it approved more than two dozen additional credit unions for low-income status in the final weeks of the year, making 811 credit unions qualified in 2012 for the designation, which exempts credit unions from the member business loan cap and allows them to accept non-member deposits and to raise supplementary capital.

    January 2
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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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