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Market Intelligence:
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  • CUJ content
    CUNA Plans One More Major Push For MBL Bill

    WASHINGTON – CUNA is expecting as many as 500 credit union executives and small business owners to Hike the Hill in the days following Thanksgiving as a final effort to land the member business lending bill during Congress’s lame duck session.

    November 7
  • CUJ content
    Banks Join CUs To Rescue Montana Senator

    BILLINGS, Mont. – In one of the most expensive Senate races ever, freshman Democrat Jon Tester won re-election over the state’s lone House member, Denny Rehberg, with a broad coalition of credit unions and banks helping to boost the incumbent.

    November 7
  • CUJ content
    ‘Fiscal Cliff’ Talks Seen As MBLs Vehicle

    WASHINGTON – A brief post-election congressional session focusing on a year-end budget deadline being called the “fiscal cliff” is posing new opportunities for credit unions to push the member business loan bill, according to credit union lobbyists.

    November 7
  • Lending
    Appeals Court Backs NCUA In Rescinded Florida Real Estate Deal

    MIAMI – A federal appeals court yesterday denied a request by Power Financial CU to order NCUA to uphold a $15 million real estate loan deal the federal regulator had agreed to, then rescinded because the borrowers did not fit within the credit union’s field of membership.

    November 7
  • Growth strategies
    Redstone FCU Launches Check Cashing CUSO

    HUNTSVILLE, Ala. – Redstone FCU this morning introduced a new CUSO that will offer a variety of low-cost lifeline services, including check cashing, money orders, Western Union money transfers, bill pay, and reloadable prepaid cards to members and non-members.

    November 7
  • CUJ content
    CU Champions Survive Congressional Elections

    WASHINGTON – Several important congressional credit union allies were headed towards reelection in close races last night, ensuring that credit union legislation will be forwarded in the next Congress.

    November 7
  • CUJ content
    Inventor Of Consumer Financial Protection Bureau Wins Senate Seat

    BOSTON – Democrat Elizabeth Warren, the one-time credit union foe and the creator of the Consumer Financial Protection Bureau, was elected to the U.S. Senate yesterday, defeating Republican incumbent Scott Brown.

    November 6
  • Growth strategies
    Cleveland’s Firefighters Community CU Acquires Ailing Union CU

    CLEVELAND – Firefighters Community CU said it has merged into it United Food and Commercial Workers Local 880 CU, a troubled $11 million credit union.

    November 6
  • Growth strategies
    Miami’s JetStream FCU Absorbs Mercy Hospital CU

    MIAMI LAKES, Fla. – Members of $20 million Mercy (Hospital) CU voted to merge their credit union into $135 million JetStream FCU, creating a credit union, with more than $150 million in assets, eight branch locations, and over 19,000 members throughout Miami Dade County and Puerto Rico.

    November 6
  • Cards
    Four Points FCU Starts New Cards Program Through Primax

    OMAHA, Neb. – Four Points FCU has contracted with Primax to implement and provide support services for the credit union's credit card issuing program.

    November 6
  • Cards
    America First CU Launches ABC Deals Cash-Back Program

    RIVERDALE, Utah --America First CU has rolled out the ABC Deals cash-back program that offers members cash back on as much as 15% of Visa credit or debit purchases.

    November 6
  • Technology
    Akcelerant Acquires CorePROFIT Solutions

    MALVERN, Penn. -- Akcelerant, a provider of software technology and advisory services to credit unions and banks, has agreed to acquire CorePROFIT Solutions, which provides profitability measurement, for among others, Mid-Atlantic Corporate FCU.

    November 6
  • Lending
    Freddie Mac Reports Another Quarterly Profit

    WASHINGTON – Troubled secondary mortgage market giant Freddie Mac reported net income of $2.9 billion this morning for its second quarter, its second straight quarterly profit and the latest sign of a rebounding mortgage market.

    November 6
  • CUJ content
    CU Robbery Interrupts Utah Voting

    OREM, Utah – Police closed voting at two nearby precincts yesterday after and armed robbery just before noon at Alpine CU

    November 6
  • Corporate credit unions
    Appeals Court To Review Whether Clock Ran Out On NCUA’s Wall Street Claims

    DENVER – A federal appeals court agreed this morning to hear an appeal by RBS Securities and Wells Fargo’s Wachovia Capital Markets on whether NCUA filed suit against the Wall Street banks too late to satisfy the statute of limitations on securities claims for the failure of the five corporate credit unions.

    November 6
  • CUJ content
    Chief Lobbyist To Succeed Tom Gaines As Tennessee League CEO

    CHATTANOOGA, Tenn. – The Tennessee CU League announced this morning that Fred Robinson, its chief lobbyist, will succeed Tom Gaines as president and CEO.

    November 6
  • CUJ content
    Cash Is King In Hurricane Sandy Aftermath

    CARTERET, N.J. – With electricity, telephone landlines and cellphone power all out, staff at MidState FCU gathered here amid lanterns and flashlights last Friday to disperse much-needed cash to members who were unable to pay for food, gas and other necessities in the wake of Hurricane Sandy.

    November 6
  • CUJ content
    FIS Says Earnings Drop After Asset Sale

    JACKSONVILLE, Fla. – FIS yesterday reported its third quarter earnings dropped 36% to $86.8 million, due to a $56-million loss associated with the sale of its Healthcare Benefit Solution unit in August.

    November 5
  • CUJ content
    Kellogg Community FCU Founder Dies At 99

    BATTLE CREEK, Mich. – Dale Chidester, one of 13 Kellogg employees to pool their savings in 1941 to charter what became Kellogg Community FCU, has passed away at 99.

    November 5
  • Lending
    Navy FCU Doubles Mortgage Book

    VIENNA, Va. – Navy Federal Credit Union originated $2.63 billion of home mortgages in the third quarter, more than doubling its production of a year ago.

    November 5
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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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