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Market Intelligence:
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  • CUJ content
    Accounting Assistant Fingered In $780,000 CU Theft

    TUCSON, Ariz. – An accounting employee at Pinal County FCU has been identified by authorities in the embezzlement $780,000 from the Casa Grande credit union.

    August 5
  • Corporate credit unions
    Progress In WesCorp Talks

    LOS ANGELES – Lawyers for NCUA failed to reach a settlement last week with representatives for Todd Lane, the former chief financial officer at WesCorp FCU, but talks will continue towards a deal.

    August 5
  • Cards
    Opposition Builds Against Visa/MasterCard Antitrust Deal

    NEW YORK – Another key merchants group weighed in Friday against the Visa and MasterCard antitrust settlement, putting increasing pressure on the landmark deal that must still be approved by a federal judge.

    August 5
  • Cards
    CU Cardholder Olympics Bound

    LAKE MARY, Fla. – One lucky member of CFE FCU is headed to London for the Olympics, the winner of Visa London 2012 Olympic Games Sweepstakes.

    August 3
  • Branch network
    Senate Brinkmanship Stalls ATMs Bill

    WASHINGTON – The Senate adjourned yesterday for its annual five-week summer vacation, leaving behind numerous credit union-critical bills, including the bipartisan bill to eliminate redundant fee disclosures at the ATM—even though the credit union-backed measure passed the House unanimously last month.

    August 3
  • 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 2
  • CUJ content
    North Carolina SEC Finances Elder Care Facility

    RALEIGH, N.C. – State Employees’ CU said its SECU Foundation is providing a 10-year, $2.5-million, low-interest loan to assist with the construction of a Program for All-inclusive Care for the Elderly, or PACE facility in Pittsboro, N.C.

    August 2
  • Technology
    Lake Michigan CU Adds Online Resources’ Architect Digital Banking

    GRAND RAPIDS, Mich. – Lake Michigan CU said it has successfully launched Online Resources Corp.’s Architect Digital Banking solution, converting nearly 102,000 members to the new platform after a “smooth” implementation.

    August 2
  • Technology
    DFCU Financial Implements Hyland Software’s OnBase ECM Solution

    DEARBORN, Mich. – DFCU Financial has signed with Hyland Software to add the company’s OnBase enterprise content management system.

    August 2
  • Branch network
    MidFlorida CU Opens Two More Branches

    LAKELAND, Fla. – MidFlorida CU, which is integrating mergers on Florida’s west and east coasts, is opening a new branch in Plant City in a former Regions Bank branch.

    August 2
  • Branch network
    Navy Federal Lands Outside Arizona’s Fort Huachuca

    SIERRA VISTA, Ariz. – Navy FCU is opening its fourth Arizona branch here Monday near Fort Huachuca, which will serve Army and Air Force personnel.

    August 2
  • Branch network
    Randolph-Brooks FCU Plans Four New Branches

    LIVE OAK, Texas – Randolph-Brooks FCU opened its administration services center in north Austin Wednesday and plans to open four new branches in the near future.

    August 2
  • Lending
    Mortgage Rates Rise From Record Lows

    WASHINGTON – Average rates on 30- and 15-year fixed mortgages climbed slightly higher this week, breaking a run that saw rates match or set new record lows for 13 out of the past 14 weeks, according to Freddie Mac.

    August 2
  • CUJ content
    Delta Community CU Wins ATM Disclosure Suit

    ATLANTA – Delta Community CU last week won dismissal of an ATM disclosure suit brought by a New York man who has filed at least six suits under the Electronic Funds Transfer Act.

    August 2
  • Technology
    Liberty Savings FCU Wins $100K Makeover From Horsetail, CU Journal

    JERSEY CITY, N.J. – Liberty Savings Federal Credit Union has been selected as the winner of a $100,000 CU Extreme Network Makeover, sponsored by Horsetail Technologies and Credit Union Journal.

    August 2
  • CUJ content
    NCUA Clears Space Coast CU Spin-Off Of Jacksonville Branches

    MELBOURNE, Fla. – Space Coast CU announced this afternoon that NCUA and state regulators have approved the spin-off of its two Jacksonville branches to Alive CU, a continuation of its efforts to shed assets acquired in the 2009 acquisition of giant failure Eastern Financial Florida CU.

    August 2
  • Technology
    MoneyDesktop Acquires Mobile Budgeting Provider MoneyReef

    PROVO, Utah – MoneyDesktop, the provider of the popular online personal financial management solution, announced this morning it has acquired MoneyReef, a Provo-based start-up provider of Reimburse, a mobile budgeting service.

    August 2
  • Compliance
    Court Says CUMIS Not Liable For CU HELOC Fraud Claim

    LOS ANGELES – A state appeals court yesterday upheld a lower court ruling that CUNA Mutual Group’s CUMIS Insurance Society is not responsible for a $243,700 fraudulent home equity line of credit transfer overseas because the credit union making the bond claim did not comply with the insurer’s required security procedures before making the wire transfer.

    August 2
  • CUJ content
    Getaway Car Driver Convicted In Three CU Heists

    PORTLAND, Ore. – A woman who drove the getaway car in several credit union and store robberies yesterday pleaded guilty to interference with commerce by robbery and conspiracy to commit bank robbery.

    August 1
  • CUJ content
    NCUA Bars CU Employee For $450,000 Theft

    ALEXANDRIA, Va. – A former employee of Pacific Advantage FCU who stole $450,000 from the Burlingame, Calif., credit union was among five credit union workers banned from the credit union industry by NCUA yesterday.

    August 1
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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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