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Market Intelligence:
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  • Lending
    Motorola Employees CU Signs Deal With CRIF Lending

    SCHAUMBERG, Ill. – Motorola Employees CU has signed with CRIF Lending Solutions to implement the company’s CRIF ACTion origination system.

    June 27
  • CUJ content
    Captive Indoor Media Launches Voice Messaging For CUs

    LOUISVILLE, Ky. – Captive Indoor Media on Wednesday said it is now offering an on-hold voice messaging application for its popular digital signage tool, Codigo.

    June 27
  • CUJ content
    Livid Tech CU Member Launches Anti-Conversion Effort

    SAN JOSE, Calif. – A longtime member of $1.6-billion Technology Credit Union, which is asking members to approve its conversion to a mutual savings bank, is fighting to stop the process.

    June 27
  • CUJ content
    Another Big California CU Hit By Overdraft Suit

    SAN JOSE, Calif. – A member of Alliant CU, a Chicago-based credit union giant with major operations in California, this week filed suit against the credit union regarding its alleged practices of paying off debit card transactions, the fifth big California credit union to be targeted in an overdraft suit over the last week.

    June 27
  • CUJ content
    New ATM Vigilantes Emerge

    NEWARK, N.J. – A local duo this week filed five new lawsuits citing credit unions and banks for their alleged lack of disclosures as required by the Electronic Funds Transfer Act, and challenging for the title of most prolific ATM plaintiffs.

    June 27
  • CUJ content
    NCUA Sees Peril In Dismissal Of Wall Street MBS Suit

    NEW HAVEN, Conn. – NCUA this week joined a local union in asking a federal appeals court here to overturn a lower court ruling dismissing the union’s claims against several Wall Street banks regarding mortgage backed securities the banks sold to the union.

    June 27
  • CUJ content
    Teller Barred For $440,000 Theft

    TACOMA, Wash. – NCUA today banned a former teller at KBR CU from credit unions for stealing more than $440,000 from the tiny credit union for employees of Simpson Construction.

    June 27
  • Lending
    Bankers Fight CUs’ Effort On New York Tax

    ALBANY, N.Y. – The American Bankers Association weighed in on credit unions’ efforts for an exemption from state mortgage taxes, telling the state’s highest court the bid represents an effort by credit unions to tilt the competitive balance in New York by allowing them to offer mortgage “tax-free loans".

    June 27
  • Compliance
    House Panel Endorses ATM Disclosure Fix

    WASHINGTON – A key House panel swiftly approved a bill this morning that would eliminate the Electronic Funds Transfer Act’s requirement that credit unions and banks disclose the fees they charge at the ATM twice—on the outside of the ATM and on-screen—and sent the bill on for a vote of the full House.

    June 27
  • Compliance
    Federal Court Certifies Class Action In CU ATM Suit

    MEMPHIS, Tenn. – A federal court yesterday certified a suit for class action status that claims that Hope Community CU violated provisions of the Electronic Funds Transfer Act requiring ATM owners to disclose to customers on-site what fees will be charged for using the cash machine.

    June 27
  • CUJ content
    Final Days To Submit Entries For CU Journal Best Practices

    WEST PALM BEACH, Fla. – Credit Union Journal is still accepting entries for its 2012 Best Practices Awards, but time is rapidly running out.

    June 26
  • Technology
    San Diego County CU Relaunches P2P Payment Service

    SAN DIEGO – San Diego County Credit Union said it is relaunching its person-to-person payment service under a new name, Popmoney.

    June 26
  • CUJ content
    Member Pleads Guilty To Loan Application Fraud

    ROCHESTER, N.Y. – A member of Family First FCU last week pleaded guilty to bank loan application fraud for providing false information regarding his income to obtain lines of credit at his credit union and two banks.

    June 26
  • CUJ content
    Sharetec Offers Fraud Alerts

    INDIANAPOLIS – Sharetec Systems, provider of core processing systems to more than 300 credit unions, on Tuesday said it is now providing fraud alerts.

    June 26
  • CUJ content
    Meriwest CU Gets FHLB Affordable Housing Funds

    SAN FRANCISCO – Meriwest CU won a $160,000 affordable housing grant from the Federal Home Loan Bank of San Francisco that will go to build a Habitat for Humanity home in Walnut Creek.

    June 26
  • CUJ content
    AltaOne FCU Gets New System From Voice Smart Networks

    RIDGECREST, Calif. – AltaOne FCU has completed a multi-year, multitier voice system makeover at its 11 branches from Voice Smart Networks.

    June 26
  • Technology
    RIA FCU Adds VSoft’s Branch Capture

    ROCK ISLAND, Ill. – RIA FCU has signed with VSoft for the company’s branch item capture and image exchange solutions.

    June 26
  • CUJ content
    Robber In Six Holdups Sentenced To 30 Years Behind Bars

    WATERLOO, Iowa – A young bank robber who had just been sentenced to 30 years in state prison waved and blew a kiss through the jail courtroom viewing glass to his family, including his child – who was born after his 2010 arrest for six armed robberies, including three at local credit unions.

    June 26
  • Payments
    Feds Sue Wyndham Hotels Over Cards Breach

    WASHINGTON – The Federal Trade Commission on Tuesday filed suit against Wyndham Hotels, claiming the hotel and timeshare company’s failure to establish standard security measures led to three data breaches at its hotels in less than two years, exposing as many as 670,000 credit cards to hackers.

    June 26
  • CUJ content
    Flood Insurance Bill Held Up – By Anti-Abortion Bid

    WASHINGTON – The Senate’s plans to vote as soon as today a bipartisan, credit union-backed bill to reauthorize the federally subsidized flood insurance program for another five years could be held up indefinitely while Senate leaders deal with an attempt by one Republican to add an anti-abortion provision to the bill.

    June 26
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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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