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Market Intelligence:
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  • CFPB News & Analysis
    Credit unions fear Supreme Court ruling could politicize CFPB

    The Consumer Financial Protection Bureau's leadership structure could be set for a revamp, but there may be political reasons for both parties to maintain the status quo. Either option could prove problematic for the industry.

    By Aaron Passman and Melissa Angell
    July 1
    CFPB headquarters
  • M&A
    SC Telco to rebrand post-merger

    The Greenville, S.C.-based institution will gain three branches and about $100 million in assets if members of Anderson Federal Credit Union approve the transaction.

    By Henry Ren
    Reporter
    June 30
  • Financial crimes
    NCUA issues single June prohibition order

    The regulator banned a former CU employee from working in financial services on the basis of allegations that he misused funds when working at an Indiana credit union.

    By Melissa Angell
    Reporter
    June 30
    ncua 2
  • It's time to eliminate field-of-membership requirements

    Credit unions won the day as the Supreme Court rejected an appeal that would have limited consumers' access to financial services. Now Congress must act to remove those field-of-membership restrictions entirely.

    June 30
    Jim Nussle
    Jim Nussle
    America's Credit Unions
  • Field of membership
    What’s next for credit union membership rule?

    The industry claimed victory over banks as the Supreme Court elected not to hear a challenge to a controversial 2016 rule, but the landscape has shifted dramatically since NCUA approved the measure.

    By Aaron Passman and Melissa Angell
    June 30
  • Law and regulation
    Week ahead: Next steps unclear after Supreme Court wins

    The Supreme Court ruled the Consumer Financial Protection Bureau's leadership structure is unconstitutional and refused to hear a lawsuit over the NCUA's field of membership rule. Credit unions are watching to see what happens now.

    By Melissa Angell
    Reporter
    June 29
    Capitol Hill, Washington D.C.
  • Field of membership
    Supreme Court won't hear bankers' appeal in credit union membership suit

    The court's decision not to consider an appeal from the American Bankers Association is likely to be the last step in a legal saga dating back to 2016.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    June 29
    U.S. Supreme Court
  • Cyber Security
    Why cyber insurance is taking on new urgency for credit unions

    With more employees than ever working from home due to the coronavirus, credit unions' networks may be less secure than usual. But purchasing cyber insurance to help cover the costs if a breach occurs isn't as clear cut as it may seem.

    By Melissa Angell
    Reporter
    June 29
  • Interest rates
    Negative interest rates can't be ruled out, analyst warns

    A recent blog post argues that the industry must get ready for the possibility of the Federal Reserve lowering rates below zero.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    June 26
  • Branding
    Phoenix-area credit union rebrands after merger

    Following the completion of a merger between Canyon State CU and Deer Valley CU, the combined institution has unveiled its new name.

    By Melissa Angell
    Reporter
    June 26
  • Career advancement
    Transportation FCU makes interim CEO permanent

    M.J. Neusneger joined the credit union as chief financial officer in May 2019 before being appointed interim CEO five months later.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    June 26
    M.J. Neusneger, president and CEO of Transportation FCU
  • Corporate credit unions
    NCUA to pay $171M to stakeholders of failed corporate credit union

    Nearly 900 institutions are set to receive a payout related to the demise of Southwest Corporate FCU, but the agency could ultimately return as much as $2.5 billion tied to the corporate credit union failures of 2009 and 2010.

    John Reosti Author Image
    By John Reosti
    Reporter
    June 25
    NCUA Chairman Rodney Hood, pictured here during virtual testimony before the Senate Banking Committee earlier this year.
  • NCUA
    NCUA’s Hood would 'certainly love' to see MBL cap eliminated

    National Credit Union Administration Chairman Rodney Hood told a NAFCU audience now is the time to take action on the member business lending cap so credit unions can continue to help with the coronavirus recovery.

    By Melissa Angell
    Reporter
    June 25
    Hood and Berger during NAFCU event
  • Earnings
    American Heritage hits milestones for membership, asset growth

    The Philadelphia-based credit union crossed the $3 billion-asset threshold despite a drop in first-quarter earnings.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    June 25
  • After a string of policy wins, credit union advocacy can’t stop now

    Despite success lobbying for PPP inclusion and the elimination of Regulation D, the industry must continue to push for additional reforms.

    June 25
    Carrie Hunt
    Carrie Hunt
  • Professional development
    Will credit unions' pivot to virtual conferences be permanent?

    With most major industry events cancelled or moved online for the remainder of the year, it's unclear whether a retooled format can replicate the education and networking many in the movement have come to expect.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    June 25
  • Election 2020
    Rep. Maloney fights to hold seat in New York

    A key Democrat on the House Financial Services Committee, Rep. Carolyn Maloney has a slim lead over a primary challenger, Suraj Patel, a progressive political activist and New York University professor.

    Neil Haggerty is the Congress reporter for American Banker.
    By Neil Haggerty
    Reporter
    June 24
    Rep. Carolyn Maloney, D-N.Y., has served in the House of Representatives since 1993.
  • CUSOs
    Lucro Commercial Solutions outlines succession plan

    Nick Darvill, who is currently president of the credit union service organization, will take over as CEO when Jim Gallagher retires from that position.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    June 24
  • CUSOs
    Shared branching CUSO expands, unveils new name

    CU Service Network has split into two divisions as part of a wider rebranding effort.

    By Melissa Angell
    Reporter
    June 24
    Doug Burke, president and CEO of Aux and InNetwork
  • Credit unions must evolve in the wake of the coronavirus

    The pandemic has propelled digital banking to the forefront faster than expected and in ways that will have a lasting impact for credit unions.

    June 24
    Larry Nichols
    Larry Nichols
    Member Driven Technologies
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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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