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Market Intelligence:
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  • Technology
    Technology CU Adds Anytime, Anywhere Mobile Check Deposit

    SAN JOSE, Calif. – Technology CU has launched its new mobile check deposit service, which it said is an enhancement to the credit union’s mobile banking application for iPhone and Android smart phones.

    November 5
  • CUJ content
    Thieving Loan Officer Spared Prison

    BENSENVILLE, Ill. – A former mortgage officer who stole $179,000 from Bensenville Community CU and spent some of the money on tickets to a Jay-Z concert and an extreme cage-fighting match yesterday was sentenced to two months in the county jail and to pay restitution.

    November 5
  • CUJ content
    TopLine FCU Launches Insurance Line

    MAPLE GROVE, Minn. – TopLine FCU is opening its own insurance agency that will offer home and auto insurance.

    November 5
  • CUJ content
    CUNA Mutual To Accelerate Collateral Protection Collections

    MADISON, Wis. – CUNA Mutual Group said it and State National Companies, its partner on collateral protection insurance, are joining with Akcelerant, a provider of connected software technology, to improve CPI collections activities for credit unions.

    November 5
  • Payments
    AmEx Seeks To Check Visa/MasterCard Deal

    NEW YORK – American Express, which is both a customer and competitor of Visa and MasterCard, on Friday filed a formal objection to the landmark antitrust settlement with the two card networks, saying if approved it could preclude AmEx from pursuing its own legal remedies against Visa and MasterCard.

    November 5
  • CUJ content
    Cleveland Financier Pleads Guilty To $19-Million CU Fraud

    CLEVELAND – Real estate developer A. Eddy Zai on Monday pleaded guilty to bribing the CEO of St. Paul Croatian FCU to obtain $19 million in fraudulent loans, helping precipitate the 2010 collapse of the $240-million credit union.

    November 5
  • Growth strategies
    PenFed Realty Buys Florida Firm

    ALEXANDRIA, Va. – Pentagon FCU said its wholly owned Prudential PenFed Realty CUSO has acquired another full service realtor, Prudential Coastal Properties, a Florida-based agency serving the Panhandle from Pensacola to Panama City.

    November 5
  • Corporate credit unions
    U.S. Central Figure Joins Miami Law Firm

    MIAMI – Shutts & Bowen, LLP, announced this afternoon it has hired Francois Henriquez, the former general counsel at U.S. Central FCU who headed the failed corporate credit union under NCUA conservatorship, to work in its credit union practice.

    November 5
  • CUJ content
    Rick Webb Retires After Building Northern Maryland’s Atlantic Financial FCU

    HUNT VALLEY, Md. -- Rick Webb, who built Atlantic Financial FCU into one of the biggest credit unions in northern Maryland, is retiring after 20 years as CEO of the now-$100 million credit union.

    November 5
  • Performance reports
    FICO Reports Lower Net, Despite Sales Surge

    MINNEAPOLIS – FICO, the maker of the ubiquitous credit score, reported a 14% decline in fourth quarter earnings to $21.2 million, even while revenues rose 16% during the period to $186.1 million.

    November 4
  • Performance reports
    First Marblehead, Newest CU Student Loan Player, Reports First Quarter Loss

    BOSTON – First Marblehead Corp., a provider of a private label student loan platform which acquired credit union student lender Cology last month, reported a loss of $13.9 million for its fiscal first quarter.

    November 4
  • Technology
    Greater TEXAS FCU Adds Malauzai’s Smartphone App

    AUSTIN, Texas -- Greater TEXAS FCU introduced its free mobile app for Android and iPhone last week.

    November 4
  • Branch network
    St. Mary’s Bank Lands ATM Contract For Regional Airport

    MANCHESTER, N.H. – St. Mary’s Bank won a contract to install two ATMs in Manchester-Boston Regional Airport, an hour north of Boston.

    November 4
  • Growth strategies
    NASA FCU Adds American Association For The Advancement of Science

    BOWIE, Md. – NASA FCU has been approved to serve 120,000 members of the American Association for the Advancement of Science and 261 affiliates serving 10 million scientists in fields ranging from plant biology to dentistry.

    November 4
  • Fraud
    Businessman Charged In $3 Million Loan Fraud In St. Paul Croatian FCU Failure

    CLEVELAND – Authorities on Friday charged Aziz Ukshini, the owner of Hard Rock Crushing Ltd.; and Azmet Inc., with obtaining $2.8 million in fraudulent loans from St. Paul Croatian FCU, the one-time $240 million credit union that collapsed in 2010 amid the biggest credit union fraud ever.

    November 4
  • Growth strategies
    CitizensFirst CU Buys Chatter Yak! CUSO

    OSHKOSH, Wis. – CitizensFirst CU said Friday it has acquired Chatter Yak!, LLC a CUSO providing outreach and marketing to young people.

    November 4
  • CUJ content
    Officer Survives Shooting In CU Robbery

    MARSHALLTOWN, Iowa -- Doctors have released the Marshalltown Police officer who suffered a gunshot wound to the leg during a police chase following Friday morning’s armed robbery at Lennox Employees CU.

    November 4
  • CUJ content
    CUNA Chases Congressional CU Majority

    WASHINGTON – While interest group left and right, red and blue, will pursue a partisan majority in Congress in tomorrow’s elections, the one thing that drives CUNA and its unprecedented financial participation in 60 of 70 open congressional seats is the aim for a solid credit union majority in the next Congress.

    November 4
  • Lending
    CUs Open Vaults For Hurricane Relief

    NEW YORK – Credit unions around the county were reaching out over the weekend to needy members and employees, donating emergency aid for Hurricane Sandy relief and doing what they do best--offering special loans to begin the rebuilding after last week’s devastating storm.

    November 4
  • CUJ content
    Officer, Suspect Hit In Shootout Following CU Hold-Up

    MARSHALLTOWN, Iowa – A police officer was rushed to the hospital this morning after he was shot by one of two suspects fleeing an armed robbery at Lennox Employees CU.

    November 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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