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Market Intelligence:
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  • CUJ content
    Retired Auto Worker Must Repay $1.5 Million He Withdrew From ATMs

    DETROIT – A retired General Motors worker was sentenced to 15 months in prison and ordered to repay $1.5 million he gambled away at three local casinos after a Bank of America computer glitch allowed him to withdraw the money from several ATMs.

    July 5
  • Compliance
    ATM Plaintiff Must Show He Paid The Fee

    OMAHA, Neb. -- A federal court ruled this week that a non-member suing Mutual First FCU over the disclosure provisions of the Electronic Funds Transfer Act has not shown he was injured by the credit union’s failure to post its disclosures because it is not clear he paid the fee and ordered him to show cause why the suit should not be dismissed.

    July 5
  • CUJ content
    Accountant Pleads Guilty In St. Paul Croatian FCU Scheme

    CLEVELAND – The accountant for well-known developer A. Eddy Zai pleaded guilty yesterday to charges in connection with the massive fraud that siphoned tens of millions of dollars in phony loans from St. Paul Croatian FCU.

    July 5
  • CUJ content
    CUMIS Won’t Forgive Thieving Clergyman

    ALBANY, N.Y. – CUMIS Insurance Society said it won’t forgive a defrocked church pastor for stealing from the credit union where he worked, necessitating a $400,000 bond payout by the credit union insurer.

    July 5
  • Technology
    FIS, Unisys Team Up on $10K Donation To CMN on CU's Behalf

    Two credit union vendors have teamed up to make a $10,000 donation to Children's Miracle Network in honor of Virginia CU, which won the FIS/Unisys FIRST Award for 2012.

    By Ed Roberts
    July 3
  • CUJ content
    Point Breeze CU Awards $15K In Scholarships

    Ten high school seniors were awarded a $1,500 college scholarship from Point Breeze CU.

    By Ed Roberts
    July 3
  • CUJ content
    Vermont State Employees' CU Donates $120K To Foodbank

    Vermont State Employees' Credit Union said it will provide $120,000 over the next three years in donations to help the Vermont Foodbank move food around the state.

    By Ed Roberts
    July 3
  • CUJ content
    Mountain America CU Expands Insurance CUSO

    Mountain America CU said its Mountain American Insurance CUSO is partnering with Moreton & Co. to provide commercial and health benefit insurance solutions to its business clients.

    By Ed Roberts
    July 3
  • CUJ content
    MidWest America FCU Signs With INVEST Financial

    MidWest America FCU has signed with INVEST Financial Corp. to provide its members with brokerage and investment services.

    By Ed Roberts
    July 3
  • CUJ content
    Suspect Arrested Depositing Stolen Bank Funds In CU

    A man believed responsible for Tuesday's robbery at Chase Bank was arrested after he walked into a Security Service CU branch in the same shopping center and tried to deposit the stolen money.

    By Ed Roberts
    July 3
  • Technology
    Lender Processing Services Acquires LendingSpace

    Lender Processing Services has acquired LendingSpace, a provider of mortgage loan origination software solutions.

    By Ed Roberts
    July 3
  • CUJ content
    Arkansas CUs To Use 'My CU Is Everywhere'

    The Arkansas CU League said it will begin using the "My Credit Union is Everywhere" video developed by CU*Answers as part of a statewide cooperative ad campaign.

    By Ed Roberts
    July 3
  • CUJ content
    Catalyst Completes Consolidation With Western Bridge

    Catalyst Corporate FCU reported it has completed its consolidation with Western Bridge Corporate following the transfer of core systems, billing, wire services and Internet connectivity.

    By Ed Roberts
    July 3
  • Lending
    California Passes Bill Barring Foreclosures In Modification

    State lawmakers approved new mortgage protections for California homeowners that prevent credit unions and banks from foreclosing on a mortgage holder who's applied for a modification.

    By Ed Roberts
    July 3
  • Lending
    Space Coast CU Wins Court Challenge Over MBLs Participations

    ORLANDO, Fla. – A federal court this morning dismissed a suit brought by New York’s Sperry Associates FCU over failed participations it bought from the MBLs CUSO of Eastern Financial Florida CU, the failed Florida giant that was acquired in 2009 by Space Coast CU.

    July 3
  • Compliance
    Lawyers Win In CU ATM Suits

    BIRMINGHAM, Ala. – A federal court here awarded $19,000 Friday to a law firm suing Guardian CU for failure to post ATM disclosures and a lesser amount, $2,500, to the named plaintiff in the case who filed suit under the Electronic Funds Transfer Act on behalf of non-member users of two credit union-owned ATMs.

    July 3
  • 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 2
  • Branch network
    Spokane Teachers CU Plans New Green Branch

    SPOKANE, Wash. – Spokane Teachers CU has broken ground on a new green branch in Moran Prairie, which will be the $1.6-billion credit union’s 16th branch.

    July 2
  • CUJ content
    Florida State University CU Stages Tent Sale

    TALLAHASSEE, Fla. – Florida State University CU partnered with Autowise Buying Services for a car sale at the credit union’s Tree Capital Branch in Perry last weekend.

    July 2
  • Lending
    Tobyhanna FCU Creates Relief Loan For Scranton City Employees

    SCRANTON, Penn. – Tobyhanna FCU has issued a “holiday” on employee member loan payments, allowing them to skip their monthly loan payments for the months of July and August.

    July 2
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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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© 2026 Arizent. All rights reserved.