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Market Intelligence:
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  • Growth strategies
    State Regulator Rejects Texas-Sized FOM For Conglomerate CU

    AUSTIN, Texas – The Texas CU Division denied an application from Resource One CU, a product of six mergers, to cover a huge swatch of territory covering more than five million people in Harris, Collin and Denton counties.

    July 8
  • Growth strategies
    Sioux Empire FCU Expands To Additional Counties

    SIOUX FALLS, S.D. -- Sioux Empire FCU has expanded its field of membership to include residents in McCook or Turner counties.

    July 8
  • CUJ content
    Board Chairman To Head Florida’s Bay CU

    PANAMA CITY, Fla. – Bay CU said Friday it named Ray Crisp, a former chairman of its board, as president and CEO of the $70 million credit union.

    July 8
  • Branch network
    IH Mississippi Valley CU Debuts High Tech Branch

    MOLINE, Ill. -- IH Mississippi Valley CU is opening a new branch in nearby Galesburg tomorrow that eliminates the traditional teller line and replaces it with several benefits of technology.

    July 8
  • Compliance
    Canada To Eliminate FOM To Promote More Competition With Banks

    TORONTO – The Finance Ministry last week proposed regulation that would allow credit unions to be regulated at the national level and to operate across Canada and beyond their current provincial boundaries.

    July 8
  • Compliance
    State Regulators Order Halt To Phony CU Claim

    SAVANAH, Ga. -- The Georgia Department of Banking and Finance demanded that the so-called Georgia Entertainer's Credit Union stop claiming to be a state-chartered credit union based in Smyrna, Ga., according to a cease-and-desist order made public Friday.

    July 8
  • CUJ content
    FASB Eyes New Disclosures On Liquidity, Interest Rate Risk

    NORWALK, Conn. – Credit unions and other entities will have to disclose more about the risks they may face in meeting their financial obligations and in dealing with changes in interest rates under a proposal issued by the Financial Accounting Standards Board.

    July 8
  • Lending
    Developer Charged In MBLs Fraud

    INDIANAPOLIS -- An Evansville real estate developer was charged in a federal indictment unsealed Friday with defrauding local lenders of more than $10.8 million in loans financing the River House project in downtown Evansville, including almost $5 million in member business loans he arranged from Centra CU.

    July 8
  • Corporate credit unions
    NCUA Finally Shutters WesCorp

    ALEXANDRIA, Va. – NCUA announced Saturday morning the completion of its liquidation of WesCorp FCU, marking the end of the most costly failure in credit union history.

    July 7
  • CUJ content
    A Half-Dozen Other Insights From Author Tom Peters

    Famed business guru and author Tom Peters offers insights to credit unions.

    July 6
  • Corporate credit unions
    A Look At Factors That Will Affect Corporates Moving Forward

    While debate persists over whether the new corporate structure affords the credit union community greater investment safety, discussion continues regarding the viability of the new marketplace.

    July 6
  • Corporate credit unions
    Other Views On Changes In Risk

    CEO of Mid-Atlantic FCU and Victor Vrigian, Jr. share their views on changes in risk and regulation.

    July 6
  • Compliance
    With Healthcare, Larger CUs May Be Able To Help Smaller CUs

    Large credit unions have a real opportunity to assist their smaller counterparts as they begin the process of implementing the new healthcare law according to Suzanne Oliver, SVP of educational services with Mountain America CU.

    July 6
  • CUJ content
    Corporate Central CU Rolls Out Fed Correspondent Service

    MUSKEGO, Wis. – Corporate Central CU announced this afternoon it is now offering its member credit unions access to the Federal Reserve’s discount window through a new correspondent arrangement with the central bank.

    July 6
  • Lending
    Court Clears NCUA In Dispute Over Fraudulent Arizona MBLs

    PHOENIX – A federal court yesterday dismissed a suit by a Yuma developer who claims AEA FCU, which is now being run under conservatorship by NCUA, illegally foreclosed on three of his properties that were financed as part of a massive member business loan fraud.

    July 6
  • CUJ content
    Deadline Extended For CU Journal Best Practices

    WEST PALM BEACH, Fla. -- Due to the number of requests for extensions, Credit Union Journal has extended the deadline for entries for its 2012 Best Practices Awards to July 9.

    July 5
  • Lending
    California’s Members 1st CU Offers Sallie Mae Private Loans

    REDDING, Calif. – Members 1st CU has partnered with Sallie Mae to offer its members private student loans through Sallie’s Smart Option Student Loan program.

    July 5
  • Growth strategies
    Coast Central CU Launches P2P Payments

    EUREKA, Calif. -- Coast Central CU has launched Fiserv’s Popmoney person-to-person payment service.

    July 5
  • Growth strategies
    Lake State FCU Adds Brokerage Services From INVEST Financial

    MOOSE LAKE, Minn. – Lake State FCU, with $184 million in assets, has signed with INVEST Financial Corp. to provide its members with brokerage and investment services.

    July 5
  • Lending
    Tuscaloosa CU Offers Refis To Subprime Members

    TUSCALOOSA, Ala. -- Tuscaloosa CU is backing a program to help home buyers with poor credit realize their dreams of home ownership, following the departure of the big banks from the local mortgage market.

    July 5
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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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