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Market Intelligence:
AI
Payments
Research
  • Corporate ethics
    Scandals push NCUA to launch new ethics office

    The credit union regulator created its Office of Ethics Counsel after two high-profile incidents tarnished the agency's reputation.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    April 22
    ncua 2
  • CUJ content
    Filene's latest research targets coronavirus's economic impact

    The four-year project aims to track the ways consumers make and manage their money, which have been dramatically altered by the global pandemic.

    By Melissa Angell
    Reporter
    April 22
    Taylor Nelms, senior director of research at the Filene Research Institute
  • Earnings
    First-quarter earnings plummet at Navy Federal

    The largest credit union in the world increased its provision by 28% from a year earlier.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 22
    CUJ-042220-NAVYFEDERAL.jpeg
  • Paycheck Protection Program
    Senate passes PPP expansion with credit union carve-out

    The House is expected to vote later this week on the bill expanding emergency relief for small businesses reeling from the effects of the coronavirus.

    Neil Haggerty is the Congress reporter for American Banker.
    By Neil Haggerty
    Reporter
    April 21
    “This bipartisan agreement will provide more ... funding for the Paycheck Protection Program, which is already helping millions of small-business employees receive paychecks instead of pink slips,” said Senate Majority Leader Mitch McConnell, R-Ky.
  • NCUA
    NCUA report cites progress in diversity efforts but room to grow

    The credit union regulator released its annual diversity report, which showed that more minorities were in senior roles but examiners remained predominantly white and male.

    By Melissa Angell
    Reporter
    April 21
    NCUA-CUJ421-20.jpeg
  • Succession planning
    Veridian Credit Union names longtime employee as next CEO

    Renee Christoffer will take over leading the institution when Monte Berg, the current president and CEO, steps down at the end of July.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 21
  • Coronavirus
    Coronavirus shutters credit union industry's biggest summer conferences

    Major national and international summer shows were all canceled within 24 hours of one another, and many smaller state-level events have already been called off or postponed.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    April 21
  • Paycheck Protection Program
    Congress eyes $310B in emergency loans. Will credit unions get a slice?

    Lawmakers are considering a plan to reserve Paycheck Protection Program funds for lenders with $50 billion in assets or less, a figure that would include nearly all credit unions.

    By Jon Prior
    Staff Writer
    April 20
  • M&A
    Canyon State Credit Union to scoop up another Phoenix-based institution

    Southwest HealthCare Credit Union agreed to merge into Canyon State because of increased competition and regulatory demands.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 20
  • Payments
    Credit, debit card spending continues to falter: PSCU

    Overall credit card spending is down 32% while debit card purchases have declined by 12% for the week ending April 12.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 20
    CUJ-042020-SPENDING (1).jpeg
  • Law and regulation
    Week ahead: PPP 2.0, commercial lending bill introduced and more

    Congress won’t be back to Washington for at least two weeks but credit unions already have a laundry list of requests for lawmakers to consider.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    April 20
    Capitol Hill, Washington D.C.
  • Compliance
    Coronavirus pushes NCUA to relax rule on late call report fees

    This is the first time since 2014 that the regulator won't penalize credit unions that file within 30 days of the deadline.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    April 20
    ncua-seal-cuj-121117.JPG
  • Earnings
    Big banks' earnings could hold coronavirus warnings for credit unions

    Smaller institutions should prepare themselves for some of what the competition has experienced, including increased provisions for losses and declining net interest margins.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 20
    CUJ-041720-CREDITUNIONPROVISIONS (2).jpeg
  • How CDFIs can help ease the coronavirus crisis

    Community development financial institutions, including credit unions, have a unique role to play as the nation weathers the economic fallout from COVID-19, but they can't do it alone.

    April 17
    Cathie Mahon
    Cathie Mahon
    Inclusiv
  • Paycheck Protection Program
    Credit union groups tell Congress PPP action ‘cannot wait’

    State and federal trade associations are calling on lawmakers to move past an impasse after the Paycheck Protection Program ran out of money in just two weeks.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    April 17
    Illustration depicting an illuminated neon sign with a small business concept.
  • Coronavirus
    Can credit unions protect 'essential' staff from the coronavirus?

    Despite limiting branch access and embracing social distancing, member-facing employees at some institutions have contracted COVID-19, and those few could be the tip of the iceberg.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    April 17
  • Law and regulation
    NCUA board approves coronavirus relief measures on liquidity, appraisals

    The National Credit Union Administration is giving lenders and borrowers extra time to complete appraisals to ensure mortgages are still being completed despite the pandemic.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    April 16
  • Law and regulation
    Hundreds of thousands of emergency small-business loan applications in limbo

    The Small Business Administration stopped approving loans when the Paycheck Protection Program hit its cap.

    John Reosti Author Image
    By John Reosti
    Reporter
    April 16
  • MBL
    House bill would temporarily lift credit union commercial lending cap

    Legislation announced Wednesday would allow credit unions to make coronavirus relief loans to businesses without fear of bumping up against the member business lending cap.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    April 16
    p1a3s1dckr1l7qfdtruerrv1u26.jpg
  • Cyber Security
    NCUA raises cybersecurity concerns as credit union staff go remote

    Many credit union employees are currently working from home to slow the spread of COVID-19 but this can invite more attacks from cyber criminals.

    By Melissa Angell
    Reporter
    April 15
    ncua 2
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