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Market Intelligence:
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  • CUJ content
    SAC FCU To Sell Prepaid Cab Fare For Drunk Drivers

    OMAHA, Neb. – SAC FCU is selling prepaid cards for cab bare for local partyers who drink too much to drive home.

    October 7
  • Technology
    One Nevada CU Implements KIVA Group’s Respect Sales Management Solution

    LAS VEGAS – One Nevada CU has installed KIVA Group’s Respect sales management software to measure and provide incentives across its branch network.

    October 7
  • Branch network
    Navy FCU Opens In Baltimore Suburb

    VIENNA, Va. – Navy FCU will open its 14th Maryland branch in the Baltimore suburb of Glenn Burnie Tuesday to serve more than 21,000 local members.

    October 7
  • Performance reports
    More Troubled CUs Merged Out

    ALEXANDRIA, Va. – NCUA reported Friday it approved another 24 mergers, 13 of which will eliminate troubled credit unions.

    October 7
  • Corporate credit unions
    WesCorp Figures Still Want Testimony Of Outgoing NCUA Board Member Hyland

    LOS ANGELES – Lawyers for former WesCorp FCU CEO Bob Siravo and CFO Todd Lane filed documents in federal court Friday saying they still want to depose Gigi Hyland on what she knew about the agency’s approval of the failed corporate’s risky investments, even though Hyland resigned from the NCUA Board the same day.

    October 7
  • Corporate credit unions
    NCUA Sells U.S. Central Headquarters

    LENEXA, Kan. – NCUA has reached agreement to sell the offices of U.S. Central FCU, just as it was scheduled to shut down the operations of the one-time $52 billion central bank for credit unions last week.

    October 7
  • CUJ content
    Well-Known CU Exec Dies Of Heart Attack Leaving Work

    ENDICOTT, N.Y. – Employees and members of Visions FCU were mourning the death of Jack Houseknecht, the credit union’s well-known chief operating officer, who died of heart attack he suffered in the parking lot at work last Tuesday, at 56.

    October 7
  • Lending
    Feds Crack Nigerian HELOC Scheme

    ALBUQUERQUE, N.M. – One of seven Nigerians who allegedly drained $4 million of fraudulent home equity lines of credit from a half dozen credit unions was arraigned here last week following his arrest in Georgia.

    October 7
  • CUJ content
    Credit Unions Win Right To Use 'Bank'

    BURLINGTON, Vt. – State regulators reversed course this afternoon and decided afterall that credit unions, specifically Vermont State Employees CU, can use the words “bank” and “banking” in their advertising.

    October 5
  • Performance reports
    NCUA: CDCU Manager Cooked The Books

    ALEXANDRIA, Va. – NCUA reported this morning it believes the manager of O.U.R. FCU, a Eugene, Ore., community development credit union that failed last year, deliberately manipulated the accounting and misstated financial reports to hide a capital hole of more than $2 million in the $5 million CDCU, prompting its NCUA takeover.

    October 5
  • Growth strategies
    California’s Logix FCU Granted Huge Teachers Group

    ALEXANDRIA, Va. – NCUA reported this morning it approved a request from Logix FCU, the former Lockheed Employees FCU, to serve 325,000 members of the California Teachers Association, putting the $3.3 billion credit union in new competition with numerous educational credit unions.

    October 5
  • Payments
    Heritage Family CU Adds IQR Consulting For Cards Analysis

    RUTLAND, Vt. – Heritage Family CU has signed with IQR Consulting to provide it with a review of its credit and debit card portfolio performance.

    October 4
  • CUJ content
    Denali Alaskan FCU Adds Silver Peak Disaster Recovery

    ANCHORAGE, Alaska – Denali Alaskan FCU has implemented a disaster recovery solution using Dell Compellent and Silver Peak.

    October 4
  • CUJ content
    DHCU Community CU Implements Microsoft Office 365

    MOLINE, Ill. – DHCU Community CU has installed Microsoft Office 365 from its core processing provider, Jack Henry & Associates’ Symitar.

    October 4
  • Payments
    Nutmeg State FCU Converts Cards Processing To The Members Group

    ROCKY HILL, Conn. – Nutmeg State FCU has completed the conversion of its credit card processing to The Members Group.

    October 4
  • CUJ content
    Kinecta FCU Offers cuautocoupon

    MANHATTAN BEACH, Calif. – Kinecta FCU has signed with cuautocoupon, Inc., to offer the company’s savings program for auto service, parts or accessories.

    October 4
  • CUJ content
    Branch Manager Charged In $80,000 Theft

    DENVER – A branch manager at Westerra CU was indicted on charges of stealing $80,000 from the credit union’s Green Mountain branch.

    October 4
  • Lending
    Mortgage Rates Keeping Falling To New Depths

    WASHINGTON – Mortgage rates fell still lower this week, to all-time lows, according to Freddie Mac.

    October 4
  • CUJ content
    NCUA Sues Another Wall Street Bank Over MBS

    WICHITA, Kan. – NCUA on Thursday filed a civil suit against Credit Suisse Securities USA, alleging the Wall Street investment bank sold $715 million of faulty residential mortgage-backed securities to U.S. Central FCU, WesCorp FCU and Southwest Corporate FCU, and helped precipitate the collapse of the three corporate credit unions.

    October 4
  • CUJ content
    Patent Firm Sues Texans CU Over Mobile Alerts

    PLANO, Texas – A Delaware patent company yesterday filed suit against Texans CU, claiming the Richardson, Texas, credit union is infringing with the technology it uses to provide electronic banking and mobile alerts.

    October 4
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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.

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