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Market Intelligence:
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Industry Data
  • Technology
    United FCU Chooses TRC Interactive For Online Training

    ST. JOSEPH, Mich. – United FCU has signed with TRC Interactive for the company’s Web-based training through its CreditUnionTrainingOnline.

    August 8
  • Technology
    Cumberland County CU Chooses eDOC’s ProDOC Packages

    FALMOUTH, Maine – Cumberland County CU has signed with eDOC Innovations to implement the company’s ProDOC Packages, an e-document workflow solution.

    August 8
  • CUJ content
    One-Time CU Volunteer To Head Arizona’s RAY FCU

    KEARNY, Ariz. – RAY FCU has hired Adam Perlman, who started his credit union career as a volunteer on the credit committee, as president of the $5.5-million credit union for miners.

    August 8
  • CUJ content
    ACI Worldwide Swings To A Loss On S1 Integration

    NAPLES, Fla. – ACI Worldwide, Inc., which makes software for electronic payments, reported a second quarter loss of $4.7 million on costs related to last year’s acquisition of S1 Corp.

    August 8
  • CUJ content
    Fannie Mae Has $2.2 Billion Profit

    WASHINGTON – Fannie Mae reported a $2.2 billion second quarter net yesterday, the latest sign that the worst of the housing crisis may be over.

    August 8
  • Lending
    FHLB Seattle Provides Mortgage Funding To Utah CUs

    SEATTLE – The Federal Home Loan Bank of Seattle on Wednesday said it purchased $238 million of Utah Housing Corp. bonds that were used to finance mortgages by several of Utah’s biggest credit unions and banks.

    August 8
  • Lending
    Massachusetts Passes Mortgage Foreclosure Reform

    BOSTON – Massachusetts Gov. Deval Patrick has signed a new law that will make it harder for credit unions and banks to foreclose by requiring lenders to jump through additional hoops.

    August 8
  • CUJ content
    Group Eyes CU For Non-Profits

    SAN FRANCISCO – A national organization for non-profit groups is planning to charter its own credit union to provide credit and other forms of financing for an estimated 11,000 non-profits nationwide.

    August 8
  • Branch network
    Cardtronics Adds 6,200 ATMs To World’s Biggest Network

    HOUSTON – Cardtronics, the key EFT switch for credit unions, said this morning it has acquired Minneapolis-based ATM Network Inc. and its contracts with 6,200 merchant-owned ATMs.

    August 8
  • CUJ content
    Day in the Life of Credit Unions Participants Now Being Accepted

    WEST PALM BEACH, Fla. – Credit Union Journal is now accepting participants in one of its most popular features: the annual Day in the Life of Credit Unions project.

    August 7
  • CUJ content
    Insuritas Raises $10 Million In New Capital

    EAST WINDSOR, Conn. – Insuritas, provider of a turnkey insurance agency, yesterday said it has successfully raised $10 million in new capital, the first capital raised by the company since it was repurchased from Jack Henry & Associates, Inc., in a management buy out in 2008.

    August 7
  • CUJ content
    Ringleader Charged In Check Counterfeiting

    HARTFORD, Conn. – The purported head of a small check counterfeiting ring was arrested here Tuesday.

    August 7
  • Technology
    McGraw-Hill FCU Rolls Out iPad Banking

    EAST WINDSOR, N.J. – McGraw-Hill FCU is launching its new mobile banking iPad app.

    August 7
  • CUJ content
    Fox Communities CU Absorbs Troubled Green Bay CU

    APPLETON, Wis. – Fox Communities CU picked up an additional branch with its acquisition of Green Bay’s Sunrise CU, an ailing $20-million credit union.

    August 7
  • Technology
    Navy Army Community CU Opts For Fiserv’s Branch Capture Solution

    CORPUS CHRISTI, Texas – Fast-growing Navy Army Community CU said it has selected a range of Fiserv solutions to enhance its check deposit and processing services.

    August 7
  • Payments
    Sen. Durbin Lobbies Against Visa/MasterCard Deal

    WASHINGTON – Sen. Richard Durbin, author of the 2010 Dodd-Frank Act rule capping debit card fees, is telling retailers the proposed $7.2-billion antitrust settlement with Visa and MasterCard is bad for them and should be rejected.

    August 7
  • CUJ content
    Businessman Sentenced To Prison In St. Paul Croatian FCU Fraud

    CLEVELAND – A local businessman was sentenced to nine years in prison Tuesday for his role in a fraud ring that led to the 2010 failure of St. Paul Croatian FCU, one of the largest credit union collapses in history.

    August 7
  • Compliance
    Consumer Bureau Exempts Most CUs from Remittance Rule

    WASHINGTON – The Consumer Financial Protection Bureau on Tuesday said credit unions and banks with fewer than 100 remittances per year are exempt from a requirement that providers of international money transfers provide upfront fee disclosures.

    August 7
  • CUJ content
    Obama Move Could Help CUs Skirt MBL Cap

    WASHINGTON – As many as 1,000 additional credit unions are eligible for NCUA’s low-income designation and the exemptions it affords, including from the member business loan cap, under a White House initiative unveiled yesterday to try to alleviate conditions caused by the historic drought plaguing much of the country.

    August 7
  • Performance reports
    Manager Charged In CDCU Collapse

    PHILADELPHIA – The president of a small community development credit union was charged this afternoon with embezzling $2.3 million from the institution, which led to last year’s failure.

    August 7
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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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