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Market Intelligence:
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  • Lending
    Manatee Community FCU Launches Subprime Car Loans

    MANATEE, Fla. – Manatee Community FCU and CareerEdge of Florida Inc. have teamed with Enterprise Car Sales to offer an affordable car purchase program for low-income workers in Manatee County.

    October 24
  • Compliance
    Department Of Interior FCU Signs With COMPASS 4 CUs For Compliance

    WASHINGTON – Department of Interior FCU has contracted with COMPASS 4 CUs to provide it with regulatory compliance support and assistance.

    October 24
  • Technology
    Pacific Marine CU Adds Vertifi’s DeposZip

    OCEANSIDE, Calif. -- Pacific Marine CU has signed with Vertifi Software LLC to implement the CUSO’s DeposZip mobile remote deposit capture solution.

    October 24
  • Lending
    Countryside FCU Qualifies For SBA Loans

    DEWITT, N.Y. – Countryside FCU has been approved by the U.S. Small Business Administration as a qualified lender for the SBA’s 7(a) loan guaranty program.

    October 24
  • Branch network
    State Employees CU Of Maryland Opens At University Of Maryland

    LINTHICUM, Md. – State Employees CU of Maryland officially opened its 22nd branch Monday at the University of Maryland in downtown Baltimore.

    October 24
  • Cards
    Card Services For CUs Signs Ad Firm

    TAMPA, Fla. – Card Services for CUs, the nation’s largest card processor for credit unions, has chosen local advertising firm Dunn&Co. as its agency of record.

    October 24
  • Branch network
    Northwest Community CU Eyes New Headquarters

    SPRINGFIELD, Ore. – Northwest Community CU has submitted a proposal to officials in Eugene to buy a 1.8-acre city-owned plot and develop it into a new headquarters for the $720 million credit union.

    October 24
  • CUJ content
    Feds Near Deal On Big CU Fraud

    CLEVELAND – A hearing in the fraud trial of developer A. Eddy Zai was abruptly cancelled last week as lawyers for Zai, accused of obtaining $19 million in fraudulent loans from failed St. Paul Croatian FCU, have begun negotiating with federal prosecutors in an attempt to reach a plea deal.

    October 24
  • Compliance
    Vermont SECU Says Member Data Sent To Landfill

    MONTPELIER, Vt. -- The Vermont State Employees CU said unencrypted computer tapes containing personal data and transaction records were inadvertently thrown into a landfill.

    October 24
  • Cards
    Visa Names Morgan Banker As New CEO

    FOSTER CITY, Calif. – Visa Inc. announced this morning that Charles Scharf, the former head of retail banking at JPMorgan Chase & Co., will succeed Joseph Saunders as CEO of the world’s largest payments company.

    October 24
  • CUJ content
    A Founding Member Of Texans CU Passes

    DALLAS – John McCormack, an eyewitness to the attack on Pearl Harbor and a founding member of Texans CU, died last Friday at 95 of natural causes at his home here.

    October 23
  • Technology
    Delta Community CU Launches WhereScape RED For Data Warehousing

    ATLANTA -- Delta Community CU has purchased WhereScape RED to develop an enterprise data warehouse running the Teradata database on a Teradata Data Warehouse Appliance.

    October 23
  • Cards
    Metro Health Services FCU Inks First Data Processing Deal

    OMAHA, Neb. – Metro Health Services FCU has signed with First Data for both debit and credit card processing services.

    October 23
  • Lending
    Farmers Insurance Group FCU Pilots Portfolio 360’s New Loan Management Platform

    LOS ANGELES – Farmers Insurance Group FCU has begun using Portfolio 360 Inc.’s Mosaic Loan Intelligence Platform that enables credit unions to manage loan portfolio data from a single centralized system.

    October 23
  • Technology
    Truliant FCU Installs Caringo’s Object Storage Solution

    WINSTON-SALEM, N.C. – Truliant FCU has implement Caringo’s CAStor object storage software for the long-term storage of business-critical files including call center audio, video, check images, ATM receipts and email archives.

    October 23
  • Branch network
    Altoona Regional Health System FCU To Build New Home

    ALTOONA, Penn. – Altoona Regional Health System FCU has hired national design form Momentum to build a new headquarters for the $26 million credit union.

    October 23
  • Branch network
    Columbia CU Plans New Office Project

    VANCOUVER, Wash. -- Columbia CU has submitted a request to the city to build a second office building at its main operation center.

    October 23
  • Branch network
    Scott CU Unveils New $12 Million Headquarters

    EDWARDSVILLE, Ill. – Fast-growing Scott CU officially opened its new 51,000-square-foot offices yesterday, more than tripling the size of its old headquarters in nearby Collinsville.

    October 23
  • Growth strategies
    Mergers Create Two More Washington CU Giants

    SEATTLE – Members of Prevail CU yesterday approved the combination of their credit union into Lakewood-based Harborstone CU, creating a $1 billion credit union serving 69,000 members at 17 branches across the state.

    October 23
  • Corporate credit unions
    NCUA Approves Catalyst Corporate’s Deal For Arizona’s FirstCorp

    PLANO, Texas – The NCUA Board in closed meeting last week approved the acquisition by Catalyst Corporate FCU of Arizona’s troubled FirstCorp CU in a so-called purchase and assumption deal, continuing the revival of Catalyst, the remnants of failed Southwest Corporate FCU.

    October 23
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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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