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Market Intelligence:
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  • Compliance
    Plaintiffs Bar Targets CUs On Overdrafts

    SAN JOSE, Calif. – Big credit unions are being targeted anew for their practices on overdrafts for debit transactions, with three new class action suits filed yesterday in federal court here charging Star One CU, Kern Schools FCU and SchoolsFirst FCU with unfair and deceptive practices regarding their use of “batching,” or paying off the biggest transactions before the most recent.

    June 22
  • CUJ content
    CU Robber Kills Himself As Police Close In

    COTTONWOOD, Ariz. -- Authorities say a man fatally shot himself after robbing a Credit Union West branch yesterday afternoon.

    June 21
  • CUJ content
    Still Time 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 running out.

    June 21
  • CUJ content
    Associated CU Raises $11,000 For Military Relief At Golf Tournament

    MARIETTA, Ga. – Associated CU donated $11,000 to Operation HomeFront Georgia, money it raised during its second annual Making Caring Count Golf Tournament at Dunwoody Country Club.

    June 21
  • Technology
    CommonWealth One FCU Offers $5,000 In iTunes Gift Cards

    ALEXANDRIA, Va. – CommonWealth One FCU and Intuit Financial Services are trying to boost mobile banking adoption by offering a $10 iTunes gift card every time a member downloads and reviews iPhone, iPad or Android mobile banking applications.

    June 21
  • Technology
    Michigan’s Advantage One FCU Adds MShift’s M-Banking

    BROWSNTONE, Mich. – Advantage One FCU will offer its members mobile banking services through a partnership with MShift and Card Services for CUs.

    June 21
  • Technology
    San Francisco FCU Tries Second Version Of Mobile Banking

    SAN FRANCISCO – San Francisco FCU has implemented a new mobile banking solution from PM Systems, the credit union’s second version of m-banking.

    June 21
  • Growth strategies
    ORNL FCU Signs Brokerage Deal With INVEST Financial

    OAK RIDGE. Tenn. – ORNL FCU announced it contracted with INVEST Financial to provide its members with brokerage and investment services.

    June 21
  • Technology
    Kinecta FCU Adds Shastic’s Facebook Lead Generator

    MANHATTAN BEACH, Calif. – Kinecta FCU has adopted Shastic’s Facebook lead generator, called Calcubot, which allows loan estimates to be saved and feedback to be solicited from friends, family and advisors.

    June 21
  • Lending
    Mortgage Rates Fall Back Into Record Low Territory

    WASHINGTON – Mortgage rates declined again near record lows this week amid worsening economic indicators, after rising slightly last week, according to Freddie Mac.

    June 21
  • Lending
    Fannie, Freddie Allow Short Sales For Military

    WASHINGTON – The regulator for Fannie Mae and Freddie Mac yesterday said it will give the two mortgage giants the ability to allow military members who are ordered to switch bases – known as Permanent Change of Station orders – and who are still current on their mortgages to sell their homes through a short sale.

    June 21
  • Growth strategies
    California Mega Church Seeks CU Charter

    RANCHO CUCAMONGA, Calif. – The Abundant Living Family Church, one of

    June 21
  • Payments
    New Overdraft Suit Charges America’s First FCU With ‘Batching’ Debit Transactions

    BIRMINGHAM, Ala. – In the latest of a growing number of consumer suits over overdraft practices, a group of America’s First FCU’s members claims the credit union manipulates electronic debit transactions from the highest to the lowest dollar amounts, in order to create overdrafts and the accompanying fees.

    June 21
  • CUJ content
    CEO Musical Chairs: Tennessee Exec To Head Florida’s Pen Air FCU

    PENSACOLA, Fla. – Pen Air FCU announced this afternoon the hiring of Stewart Ramsey, president of Tennessee’s Fort Campbell FCU, as president and CEO of the $1.2 billion credit union.

    June 21
  • Compliance
    New Suit Challenges Constitutionality Of Consumer Financial Protection Bureau

    WASHINGTON – A community bank in Texas is filing a class action suit this afternoon challenging the constitutionality of the Dodd-Frank Act and its establishment of the Consumer Financial Protection Bureau.

    June 21
  • Lending
    MBLs Leader Seeks Extension Of SBA Loan Programs

    WASHINGTON – A top credit union business lender urged Congress this morning to extend two fledgling Small Business Administration programs that have provided billions of dollars in capital to community borrowers and are scheduled to expire in September.

    June 21
  • CUJ content
    Still Time To Submit Entries For CU Journal Best Practices

    WEST PALM BEACH, Fla. – Credit Union Journal is now accepting entries for its 2012 Best Practices Awards.

    June 20
  • CUJ content
    American Heritage FCU’s ‘Gelatin Olympics’ Raises $25,000

    PHILADELPHIA – Employees and members of American Heritage FCU took a plunge into 700 gallons of red gelatin, helping to raise $25,000 for the Children’s Seashore House at the Children’s Hospital during the credit union’s 19th annual Gelatin Olympics last week.

    June 20
  • CUJ content
    Homeless Man Charged In CU Holdup

    LONGVIEW, Wash. – A homeless man accused of robbing Lower Columbia Longshoremen’s CU on March 7 was charged with first-degree robbery this week.

    June 20
  • Branch network
    American Heritage FCU Opens In-Store Branch

    PHILADELPHIA – American Heritage FCU opened a new branch inside a ShopRite in Rexborough, which was remodeled recently.

    June 20
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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.

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