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Market Intelligence:
AI
Payments
Research
  • One way credit unions can make mortgages more profitable

    Credit unions that take advantage of hedging could see better execution and increased profitability in their mortgage operations.

    April 6
    Scott Colclough
    Scott Colclough
    Vice Capital Markets
  • Coronavirus
    Savings down, spending up on account of coronavirus: Report

    A new survey shows more Americans are tapping into their savings as job losses rise and the pandemic's impact on the economy gets worse.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 6
  • Michigan
    Membership growth continues to slow in Michigan

    Credit unions in the Great Lakes State saw widespread membership growth in 2019 but it was the third consecutive year in which the pace of growth slowed.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 6
    CUJ-040620-MICHIGANMEMBERSHIPGROWHT.jpeg
  • Coronavirus
    Week ahead: More coronavirus relief expected for credit unions

    Congress and financial regulators have implemented a number of measures to help the industry survive the financial impact of the pandemic, and a fourth phase of stimulus could be coming.

    By Melissa Angell
    Reporter
    April 6
    Capitol Hill, Washington D.C.
  • Auto lending
    Credit unions are 'going to see auto lending die' because of coronavirus

    Car loans make up about a third of credit unions' total lending portfolio, and any drop in that sector could resonate across the entire industry.

    By Melissa Angell
    Reporter
    April 6
    CUJ-auto-4120 (1).jpeg
  • Coronavirus
    Ukranian credit unions reopen doors after 17-day coronavirus shutdown

    CUs in the Eastern European nation were originally shuttered out of fears they could further the spread of COVID-19 but have been allowed to resume operations provided certain safety precautions are met.

    By Melissa Angell
    Reporter
    April 3
  • Charter conversions
    State taxes motivate Iowa credit union to switch charters

    Cobalt Credit Union is currently a state-chartered institution but is looking to once again become a federal one because of Iowa state taxes.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 3
    Gail DeBoer, president and CEO of Cobalt Credit Union
  • Compensation
    Wauna Credit Union rolls out coronavirus hazard pay

    The Oregon-based institution is the latest to offer bonus pay for branch staff facing additional risks by coming to work.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    April 3
    p19iq27pg41vvk1u0enk71o7o9v9n.jpg
  • Digital banking
    Credit unions lag in tech. Coronavirus is changing that.

    Limiting access to branches because of the pandemic has forced executives to re-examine whether they offer enough mobile and online services.

    By Melissa Angell
    Reporter
    April 3
  • Coronavirus
    Economy to contract by 20% this quarter: CUNA Mutual

    The insurance and research company expects the U.S. to fall into a recession as unemployment spikes and the GDP declines.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 2
    CUJ-040220-GDP.jpeg
  • Consumer lending
    Congress mulls further coronavirus relief for consumers

    If Capitol Hill plans another round of stimulus, Democrats could have more leverage to demand steps such as suspending overdraft fees – a measure which could have a big impact on credit union revenue.

    Neil Haggerty is the Congress reporter for American Banker.
    By Neil Haggerty
    Reporter
    April 2
    Democrats like Sen. Sherrod Brown of Ohio, left, supported measures such as a temporary ban on overdraft fees. But many consumer protection proposals did not make it in to the final stimulus package negotiated by Senate Minority Leader Chuck Schumer, D-N.Y.
  • M&A
    New Jersey credit unions get members' OK to move ahead with merger

    South Jersey Gas Employees Federal Credit Union will merge into Jersey Shore Federal Credit Union on June 1.

    By Melissa Angell
    Reporter
    April 2
    p19erv6tk11uci18c2v7jjmpmcub.jpg
  • Coronavirus
    Coronavirus could worsen credit union merger slowdown

    The number of deals per year was declining even before the pandemic, and it's unclear when things might pick up again.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 2
    CUJ-033120-MERGERS (1).jpeg
  • M&A
    Members approve credit union merger in Alabama

    Alabama Rural Electric Credit Union will merge into Alabama One later this year, creating a combined institution with a reach across 57 counties.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    April 1
    p1a1v2b8mcoie1buimdkeh5ckkb.jpg
  • Coronavirus
    Credit unions get 60 extra days to comment on corporate CU rule

    For the second time in a week, the National Credit Union Administration has delayed the deadline for public comment on a proposed regulation.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 1
    ncua 2
  • Embezzling
    NCUA bans three individuals from industry in March

    Last month's enforcement actions included the former CEO of Western Heritage Federal Credit Union in Alliance, Neb.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    April 1
    gavel-fotolia.jpg
  • Digital banking
    Ukrainian credit unions closed, banks open amid coronavirus: WOCCU

    CUs in the Eastern European nation don’t offer online financial services, meaning a predominantly older membership base could be at increased risk for contracting COVID-19.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    April 1
    ukraine.jpeg
  • Coronavirus
    Coronavirus mortgage boom could wind up a bust for credit unions

    Some institutions have seen application volumes rise by more than 300% following the Fed's emergency rate cuts, but there are fears that CUs who bulk up on home loans now could pay the price later.

    By Jessica Qiao
    Contributor
    April 1
  • Coronavirus
    NCUA rolls out more coronavirus assistance for credit unions

    The regulator will provide $4 million in loans and $800,000 in grants so institutions can assist their communities during the pandemic.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    March 31
  • Coronavirus
    Hiway Federal Credit Union paying front-line staff coronavirus bonuses

    The St. Paul, Minn.-based institution will provide a 20% bonus to member-facing staff who are at additional risk during the outbreak since they are "essential employees."

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    March 31
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