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Market Intelligence:
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  • Lending
    Loan Volume Surged During First Three Quarters

    WASHINGTON--Credit unions have posted their strongest-ever loan performance through their first three quarters of 2012, according to analysis of 5300 Call Report data by Callahan & Associates.

    November 21
  • Technology
    MoneyDesktop Unveils ‘Bubble Budgets’

    PROVO, Utah – MoneyDesktop has announced the launch of its MoneyMobile app which empowers financial institutions to maintain their existing relationships with account holders, quickly add users and drive loan volume.

    November 19
  • Fraud
    Last Defendant In Huge Cleveland Fraud Pleads Guilty

    CLEVELAND – The last of 26 people charged in the massive fraud at St. Paul Croatian FCU pleaded guilty yesterday to bank fraud and money laundering in the $185 million scheme.

    November 19
  • CUJ content
    Louise Hinton Dies, Longtime CEO At Campus FCU

    GAINESVILLE, Fla. – Louise Hinton, a passionate credit union advocate who worked at Campus FCU for 35 years, eventually become CEO, died Nov. 6 at 87.

    November 19
  • CUJ content
    Robber Guilty In Three CU Heists

    TOPEKA, Kan. -- A Kansas City, Mo., man was convicted in a jury trial Friday of four armed robberies, including three at local credit unions.

    November 19
  • Branch network
    St. Lawrence FCU Cleared For 11,000-Foot Expansion

    OGDENBURG, N.Y. -- St. Lawrence FCU has announced plans to expand their branch and main office at 800 Commerce Park Drive with a 10,944-square-foot addition.

    November 19
  • Branch network
    Detroit Metro CU Opens In City Offices

    DETROIT – Detroit Metropolitan CU celebrated a new branch opened inside the Coleman A. Young Municipal Center.

    November 19
  • Technology
    AltaOne FCU Adds Andera’s oFlows Online Deposit Opening

    RIDGECREST, Calif. – AltaOne FCU has chosen the oFlows multi-channel platform for online deposit account opening.

    November 19
  • CUJ content
    First Citizens’ FCU Sends ‘Model’ Citizen To Broadway

    FAIRHAVEN, Mas. – First Citizens’ FCU has named Mark Cook, a local advocate for the homeless, its 2nd Annual Model Citizen and awarded him a trip to New York City and two tickets to a Broadway show.

    November 19
  • Lending
    Navy Federal Originates $1 Billion In October Mortgages

    VIENNA, Va. -- Navy FCU said yesterday its October mortgage closings surpassed $1 billion, a new monthly milestone.

    November 19
  • Technology
    Malauzai Pilots Mobile Bill Payment By Picture

    AUSTIN, Texas -- Malauzai Software announced today the launch of Picture PayO, a mobile payment solution that enables users to complete payments via the camera on their smartphone or tablet mobile device.

    November 19
  • CUJ content
    Family CU Robbers Linked To 7 Heists

    KATY, Texas – A father and his two teens who were arrested for last month’s armed robbery at 1st Community CU may be responsible for as many as seven hold-ups in two states.

    November 19
  • Growth strategies
    Alliant CU Taps LPL Financial For Investment Services

    CHICAGO – Alliant CU announced this morning it signed with LPL Financial to provide its members with third-party brokerage, wealth management and trust services.

    November 19
  • Lending
    Radian To Insure Self-Adjusting HarmonyLoan Mortgage

    PHILADELPHIA – Radian Guaranty said Friday it has agreed to provide private mortgage insurance in the self-adjusting HarmonyLoan mortgage provided by several credit unions through Mortgage Harmony Corp.

    November 18
  • Fraud
    Tyndall FCU Hit By Credit Card Fraud

    PANAMA CITY, Fla. – Dozens of Tyndall FCU members have reported fraud on their credit card statements and police are investigating potential ties to local merchants.

    November 18
  • Branch network
    Bank Branch Deal Prompts Community Charter Bid

    KEEWATIN, Minn. -- Central Hanna Employees CU has decided to convert to a community charter after it acquired a downtown branch from American Bank.

    November 18
  • Branch network
    Austin Telco FCU Expands With Plans For New Headquarters

    AUSTIN, Texas – Austin Telco FCU has bought a 75,000-foot office building that will house its new headquarters, the latest area credit unions with plans for larger new offices.

    November 18
  • Growth strategies
    Landmark CU Expands With Another Merger

    NEW BERLIN, Wis. – Giant Landmark CU, the product of 10 mergers the last three years, has agreed to acquire Dodge Central CU, a healthy $52 million Beaver Dam credit union with branches in four Wisconsin communities.

    November 18
  • Branch network
    USAlliance Moves Into Harlem With Deal For Tiny CU

    RYE, N.Y. -- USAlliance FCU has acquired a branch in New York’s Harlem neighborhood with the merger of El Barrio FCU, a troubled $1 million credit union.

    November 18
  • Fraud
    NCUA Seeks $6 Million From CEO In Alleged Embezzlement

    CLEVELAND – NCUA on Friday asked a federal court to award it $6.3 million from the manager of a tiny credit union that allegedly stole $2.1 million during a 20-year fraud.

    November 18
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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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