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Market Intelligence:
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  • Technology
    Mobile App Promo Offers Donation of Employees’ Time

    SAN ANTONIO – San Antonio FCU has introduced a new “GO” mobile app with a joint promotion in which people can vote on the charitable cause to which its employees will donate their time.

    August 23
  • CUJ content
    Ventura County CU Selects LendingQB Platform

    COSTA MESA, Calif. – Ventura County Credit Union has selected LendingQB’s LOS platform, an end-to-end, browser-based loan origination system.

    August 22
  • CUJ content
    CFE FCU Awards $29,000 in Scholarships

    LAKE MARY, Fla. – CFE Federal Credit Union has awarded $29,000 in scholarships to college-bound students.

    August 22
  • CUJ content
    Football Coach To Appear In Commercials

    TUCSON, Ariz. – Vantage West Credit Union here has signed on for its fourth year as sponsor of the coin toss before football games at the University of Arizona.

    August 22
  • Growth strategies
    More Than $1 Million Saved In Nebraska

    OMAHA, Neb. – With five months left in the year, the Save-To-Win program has helped Nebraska credit union members save more than $1 million, according to the Nebraska Credit Union League.

    August 22
  • Payments
    Underserved Spending $29 Billion On Non-Bank Financial Services

    DES MOINES, Iowa – Underserved consumers, including those in the Hispanic community, are spending in excess of $29 billion per year on non-bank financial services, such as money orders, check-cashing and payday advances – meaning prepaid reloadable cards provide CUs an excellent entryway to serve this consumer segment.

    August 22
  • CUJ content
    Mother, Son Admit Guilt In $14M Phony Loan Scam

    BINGHAMTON, N.Y. – A mother and son have entered guilty pleas to illegally obtaining more than $14 million in loans from Broom County Teachers FCU.

    August 22
  • Growth strategies
    Minnesota Partnership Aimed At Public Deposits

    ST. PAUL, Minn. – Saying it is seeking to strengthen credit unions’ ability to accept public deposits, the Minnesota Credit Union Network’s Network Service Corp. has entered into a partnership with American Deposit Management, which provides treasury services.

    August 22
  • Branch network
    Rivermark To Close Two More Branches

    BEAVERTON, Ore. – The $550-million Rivermark Community Credit Union said it plans to close branches in Clackamas and Newberg, Ore., and will focus on encouraging members to use mobile and online solutions for transactions.

    August 22
  • Compliance
    Relations With Examiners ‘Average’ To ‘Somewhat Difficult’

    ARLINGTON, Va. – The relationship between many CUs and their examiners remains strained, according to a recent NAFCU survey of its membership.

    August 22
  • Lending
    Mortgage App Volume Falls 7.4%

    WASHINGTON – Mortgage application volume fell 7.4% for the week ending Aug. 17 with loan rates inching up but remaining near historic lows.

    August 22
  • CUJ content
    Two More Analyses Find Bank Checking Fees Increasing

    FOSTER CITY, Calif. – Two more studies have found banks are increasing checking charges while CUs continue to hold the line on free checking.

    August 22
  • CUJ content
    Vermont Hearing Takes Place On Use of Words 'Bank' and 'Banking'

    MONTPELIER, Vt. — Representatives from Vermont State Employees CU here said today's pre-conference hearing went almost exactly as expected. The CU is in a legal dispute with the state's Department of Financial Regulation (DFR) over use of the words "bank" and "banking."

    August 22
  • Corporate credit unions
    FirstCorp Members Approve 'Unique' Consolidation With Catalyst

    PHOENIX – Members of FirstCorp have officially approved a “unique consolidation” of the corporate into Catalyst Corporate FCU, Plano, Texas.

    August 21
  • CUJ content
    Automated Calls From Scammers In Two Parts of Country

    EAU CLAIRE, Wis. – Credit union members in two different parts of the country have been receiving fraudulent automated calls on their cell phones claiming their debit and/or credit cards had been compromised.

    August 21
  • Performance reports
    South Florida Educational FCU Pays $2M Special Dividend

    MIAMI – South Florida Educational FCU has paid a special Shared Earnings Dividend of $2 million to its members.

    August 21
  • CUJ content
    McDonald Named CEO At Northwest FCU

    HERNDON, Va. – The $2.2-billion Northwest Federal Credit Union has named Chris McDonald as its new CEO, succeeding Gerrianne D. “Winky” Burks, who plans to retire in mid-January after a 41-year career at NWFCU.

    August 21
  • Performance reports
    ROA Improves, But Lending Slows

    ARLINGTON, Va. – While credit union performance metrics in June showed improvement in several categories, lending slowed, according to NAFCU’s Economic & CU Issues Monitor.

    August 21
  • Growth strategies
    Mich. CUSOs OK’d To Provide Small Biz Equity Investments

    LANSING, Mich. – The Michigan Commissioner of Financial and Insurance Regulation has signed an order authorizing CUSOs to provide small business equity investments to Michigan credit unions and their members.

    August 21
  • Compliance
    Regs May Mean An End To Open-Ended Lending

    MADISON, Wis. – Credit unions have struggled in their attempts to comply with regulations regarding multi-featured open-end lending the last two years, and one compliance expert believes CUs will have to opt for closed-end lending in most cases.

    August 21
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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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