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Market Intelligence:
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  • Lending
    Mortgage Rates Inch Up From Record Lows

    WASHINGTON -- Average mortgage rates in the U.S. rose over the past week, though fixed rates remained near historic lows, according to Freddie Mac.

    October 11
  • CUJ content
    Temporary Teller Stole $100,000 From Member Accounts

    CHARLSTON, W,V. – CUMIS Insurance Society filed suit yesterday against a one-time temporary employee at South Charleston Employees FCU it says withdrew $104,000 from two members’ accounts while she was working at the credit union.

    October 11
  • Cards
    Another Group To Fight Visa/MasterCard Deal

    NEW YORK -- The American Booksellers Association announced yesterday that it is joining the National Association of Convenience Stores, the National Retail Federation, the Retail Industry Leaders Association, and other merchant groups opposing the proposed $7.25 billion settlement of a federal antitrust lawsuit over Visa and MasterCard credit card swipe fees.

    October 11
  • Technology
    FedComp Moves Internet Banking Clients To Database Management Services

    FAIRFAX, Va. – FedComp announced it is switching all 130 of its VirtualCU credit union clients to Database Management Services’ HomeCU product.

    October 11
  • Growth strategies
    Redstone FCU Sees Open Solutions Inc.’s DNA As Profit Center

    HUNTSVILLE, Ala. -- For Redstone FCU, part of the new competitive strategy is to actually sell its own technology expertise, through Open Solutions Inc.’s DNA online apps store.

    October 11
  • Growth strategies
    NCUA Board To Vote Big Community Charter

    ALEXANDRIA, Va. – The NCUA Board is scheduled to vote next week on one of the broadest community charters before it for the past few years, a request by BMI FCU to serve about two million residents in the greater Columbus, Ohio, area, the state capital.

    October 11
  • Technology
    BAI Show Wows CU Attendees

    WASHINGTON – Credit union executives were so impressed by the latest innovations and ideas presented at the annual BAI Retail Delivery Conference this week that many were already budgeting to make purchases and implement new cutting-edge technologies on display here.

    October 11
  • Compliance
    FASB Bid On Interest Rate Risk Gets CU Thumbs-Down

    NORWALK, Conn. – Credit union executives are calling on the Financial Accounting Standards Board to exempt credit unions from a proposed rule aimed at helping public investors, which would require a variety of new disclosures on interest rate and liquidity risk from financial institutions.

    October 11
  • CUJ content
    Redwood CU Gives $95,000 To United Way

    SANTA ROSA, Calif. – Redwood CU has donated $95,000 to the United Way’s workplace giving campaign.

    October 10
  • Growth strategies
    Shreveport FCU Collaborates On Financial Empowerment Center

    SHREVEPORT, La. – Shreveport FCU collaborated with the City of Shreveport Department of Community Development on the new Jewella Whitehouse Financial and Business Empowerment Center, which opened here last week.

    October 10
  • CUJ content
    Duo Plead Guilty In $170,000 State Department FCU ATM Scam

    ALEXANDRIA, Va. -- A man and woman accomplice agreed to plead guilty to siphoning $170,000 from State Department FCU through a phony ATM deposit scheme.

    October 10
  • Branch network
    Sb1 FCU Opens In Philadelphia Navy Yard

    PHILADELPHIA – Sb1 FCU, the one-time SmithKline Laboratories credit union that recently converted to a community charter, opened a new branch in the Philadelphia Navy Yard.

    October 10
  • Technology
    USAlliance FCU Installs NCR’s APTRA eMarketing

    RYE, N.Y. – USAlliance FCU has implemented NCR's cross-channel marketing software APTRA eMarketing to help improve its marketing communications to its 40,000 members.

    October 10
  • Technology
    Scient FCU Adds Online Resources’ Architect Digital Banking

    GROTON, Conn. – Scient FCU, the Pfizer Corp. credit union known till recently as Ledge Light FCU, has signed with Online Resources Corp. to implement the company’s Architect digital banking solution and bill payment services.

    October 10
  • CUJ content
    Member Shot To Death At The ATM

    MEMPHIS -- Police are looking for the two armed men who they say tried to rob a woman at an Orion FCU ATM Tuesday night, and then shot her as she tried to get away, forcing her into a fatal crash with a utility pole.

    October 10
  • Corporate credit unions
    Judge Shields NCUA’s Matz, Hyland From WesCorp Testimony

    WASHINGTON – A federal magistrate ruled that NCUA Board members Debbie Matz and Gigi Hyland need not testify in the suit against top WesCorp FCU executives, but approved a bid by the WesCorp figures to depose the one-time chief corporate examiner and the agency’s two on-site examiners.

    October 10
  • Growth strategies
    BAI Retail Delivery Conference Offers One-Stop Shopping For CUs

    WASHINGTON – From the latest technology for ATMs to mobile banking and remote deposit capture, more than 300 credit union executives marveled like kids in a candy store at the offerings at this year’s annual BAI Retail Delivery Conference here where more than 1,000 companies are showing their wares.

    October 10
  • CUJ content
    The Golden 1 CU Brings Back Pete Snyder To Head Investments Unit

    SACRAMENTO, Calif. – The Golden 1 CU announced this afternoon it hired Pete Snyder, its former vice president for financial services who later built the investment services CUSO at Addison Avenue FCU to one of the leading CUSOs in the country, to head the investment and insurance departments at the $8 billion credit union.

    October 10
  • Technology
    Anheuser-Busch Employees' CU Implements NCR's Mobile Software

    ST. LOUIS -- Anheuser-Busch Employees' CU has deployed NCR APTRA Passport software for mobile, enabling members to use their mobile device cameras to scan and safely deposit checks while at home or on the go.

    October 10
  • CUJ content
    Elderly Armored Car Worker Guilty Of Stealing From CU ATMs

    HONOLULU – A 68-year-old employee of an armored car company has agreed to plead guilty to stealing as much as $164,000 from four Hickam FCU ATMs he was supposed to be filling with cash.

    October 10
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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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