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Market Intelligence:
AI
Payments
Research
  • 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
  • Coronavirus
    6 ways the coronavirus has changed credit unions

    The outbreak has completely upended whatever expectations the industry had heading into 2020. Here's key areas that have been shaped by the pandemic, some potentially forever.

    By Jackie Stewart and Aaron Passman
    June 24
  • Growth strategies
    NCUA extends application deadline for MDI mentoring grants

    The number of credit unions serving as minority depository institutions continues to decline, but those CUs often focus on rural and under-served communities, a priority for NCUA Chairman Rodney Hood.

    By Melissa Angell
    Reporter
    June 23
  • NCUA’s new low-income definition will benefit military, not credit unions

    Bankers’ criticism that the expanded designation would bolster the largest credit unions is misguided.

    June 23
    B. Dan Berger
    B. Dan Berger
    National Association of Federally-Insured Credit Unions
  • Cyber attacks
    Why a hack at Wells Fargo matters to credit unions

    In a new twist on an old scam, cybercriminals have tried to get thousands of people to surrender their Wells bank account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's name.

    Penny Crosman Cropped
    By Penny Crosman
    Executive Editor, Technology at Arizent
    June 23
  • Payments
    Travel, entertainment spending remain weak despite rebound

    Consumer spending has improved as state lockdown orders are lifted but many continue to hold off on taking trips and entertainment activities.

    By Henry Ren
    Reporter
    June 22
    CUJ-062220-SPENDING (1).jpeg
  • Law and regulation
    Week ahead: NCUA to address exams, possible capital changes

    Though the agenda is unclear, the National Credit Union Administration's board meeting could include the long-awaited credit union version of the Community Bank Leverage Ratio.

    By Melissa Angell
    Reporter
    June 22
    Capitol Hill, Washington D.C.
  • Succession planning
    Harvard credit union executive promoted to CEO

    Craig Leonard, who has spent a decade at Harvard University Employees Credit Union, will take the helm in July following longtime CEO Gene Foley's retirement.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    June 22
    Craig Leonard will take the helm at Harvard University Employees Credit Union in July.
  • Deposits
    Credit unions are being flooded with deposits. What do they do now?

    Consumers are parking their funds at financial institutions as lending slows and interest rates remain near zero, making it difficult for credit unions to deploy these deposits.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    June 22
    CUJ-061620-LOANTOSHARERATIO (1).jpeg
  • NCUA
    NCUA’s plan to return back to work could involve on-site exams this July

    The credit union regulator has outlined a multiple step plan to return employees to normal operations.

    By Melissa Angell
    Reporter
    June 19
    ncua 2
  • Diversity and equality
    More credit unions close to commemorate Juneteenth

    Navy Federal Credit Union, United Heritage Credit Union, Truliant Federal Credit Union and others are giving employees time off on Friday to observe the holiday that celebrates the end of slavery.

    By Melissa Angell
    Reporter
    June 19
  • The civil rights issue of our generation

    As the U.S. celebrates Juneteenth, it's imperative that credit unions find ways to ensure all Americans have access to the banking services necessary to thrive.

    June 19
    Rodney E. Hood
    Rodney E. Hood
  • NCUA
    How Trump's latest nominee could reshape the NCUA board

    Kyle Hauptman, who will be nominated to fill the seat held by Mark McWatters, is a staunch opponent of the Dodd-Frank Act. That could mean more policy clashes on the board if he is confirmed by the Senate.

    By Melissa Angell
    Reporter
    June 19
    CUJ-61820-KH (1).jpeg
  • M&A
    Small Ohio credit union to merge into Pathways Financial

    Members of Standard Register Federal Credit Union are expected to vote on the proposed merger into Pathways Financial Credit Union in August.

    By Melissa Angell
    Reporter
    June 18
    CUJ-61820-NL.jpeg
  • Diversity and equality
    Virginia Credit Union to close on Friday in honor of Juneteenth

    The North Chesterfield, Va.-based institution joins a list of banks that are also closing to commemorate the end of slavery.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    June 18
  • CFPB News & Analysis
    Credit union groups cheer latest CFPB commission bill

    Sen. Deb Fischer, R-Neb., has introduced a bill that would convert the bureau's leadership to a five-person bipartisan commission. Similar legislation was introduced in the House in March.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    June 18
    CFPB headquarters
  • Compliance
    ‘Costly and onerous’: Weighing in on NCUA’s bank purchase rule

    A proposal from the credit union regulator was criticized for being needlessly complex and not requiring enough transparency.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    June 18
  • Branding
    Virginia-based credit union with military roots rebrands

    NSWC Federal Credit Union is rolling out a new name in the hopes of boosting membership and dispelling misconceptions about who can join.

    By Melissa Angell
    Reporter
    June 17
  • Mortgages
    Mortgages boom as other lending slows, but for how long?

    Credit unions have seen historic mortgage growth so far this year despite the pandemic, but there are concerns some institutions may be overly relying on refinancing and not focusing enough on generating new purchase business.

    By Melissa Angell
    Reporter
    June 17
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