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  • Lending
    Texans CU Sheds REO Condo Development

    DALLAS – Credit Union Liquidity Services, the wholly owned CUSO for troubled Texans CU, has sold the note on the troubled Residence at Hotel Palomar, a half-filled a nine-story luxury high-rise condominium, to Westdale Capital.

    May 20
  • CUJ content
    North Island Financial CU’s John Tippets Re-Retires After Engineering Giant Turn-Around

    SAN DIEGO – John Tippets, who retired as CEO of American Airlines FCU in 2008 only to un-retire in 2009 to try and lead deeply troubled North Island Financial CU back to solvency, is retiring again after putting the one-time $1.8 billion credit union back on solid ground.

    May 20
  • Lending
    Guilty Verdict In $200,000 Trashing Of CU Foreclosure

    SAN DIEGO -- A woman accused with her husband of causing an estimated $210,000 in damages to her French Valley home after it was foreclosed on by San Diego Metropolitan CU was found guilty Friday, while the jury is still out on charges against her husband.

    May 20
  • Performance reports
    Wisconsin CU Is Year’s Fifth Failure

    WAUSAU, Wis. – NCUA this evening liquidated Wasau Postal Employees CU and assigned the remnants of the one-time $10 million credit union to nearby giant CoVantage CU.

    May 18
  • Technology
    Image-Enabled ATMs Land At American Airlines FCU

    FORTH WORTH, Texas – American Airlines FCU said this afternoon it has completed the installation of new image-enabled ATMs at 15 of its branches.

    May 18
  • Lending
    Risk Score Introduced For Used Car Portfolios

    Black Book has introduced a new risk score to help financial institutions better manage risk within the used car loan portfolio.

    May 18
  • Corporate credit unions
    NCUA Bars CEO, Chairman of Failed U.S. Central FCU

    ALEXANDRIA, Va. – NCUA said this morning it has barred the former CEOs of U.S. Central FCU and Members United Corporate FCU from working for or with any corporate credit union for their roles in two of the biggest credit union failures.

    May 18
  • Growth strategies
    Alaska USA FCU Signs Investment Pact With CUNA Brokerage Services

    ANCHORAGE, Alaska -- Alaska USA FCU said this morning it is bringing CUNA Mutual Group’s CUNA Brokerage Services investment program to its 450,000 members.

    May 18
  • Cards
    Fast-Food Workers Charged With Skimming CU Cards

    AUSTIN, Texas – After an investigation prompted by local credit unions, two employees at Popeye’s Chicken were arrested Wednesday and charged with stealing customers’ credit and debit card information using a skimming device.

    May 18
  • CUJ content
    Texas CU Figure Joe Thornton Passes

    TEXARKANA, Texas – Credit union executives and volunteers are mourning Tuesday’s death of Joe Thornton, longtime president of Texas FCU and a former CUNA Board member, at 76.

    May 17
  • CUJ content
    Director Ends 55 Years On Florida CU Board

    GAINESVILLE, Fla. – Dr. John Rawls is retiring from the Florida CU Board of Directors on May 31 after more than 55 years of service.

    May 17
  • CUJ content
    Western Vista FCU Inks With TRC Interactive For Online Teller Training

    CHEYENNE, Wyo. – Western Vista FCU has signed with TRC Interactive to implement the company’s TellerSolutionOnline training system.

    May 17
  • Branch network
    OnPoint Community CU Opens Safeway Branch

    PORTLAND, Ore. – OnPoint Community CU is opening a new branch inside a Safeway supermarket in Rose City on May 30.

    May 17
  • Lending
    Arizona State CU Introduces Home Construction Loans

    PHOENIX – Arizona State CU said it has added construction loans to its home loan portfolio in anticipation of an improving economy.

    May 17
  • CUJ content
    More ADA Suits Spell More CU Legal Troubles

    PITTSBURGH – A legally blind man who filed a flurry of suits over the ATM provisions of the Americans with Disabilities Act over the past few weeks followed up with three more this week, including one naming USX FCU as defendant.

    May 17
  • Growth strategies
    Freedom CU Launches ‘Freedom From Banks’ Ads

    WARMINSTER, Penn. – Freedom CU is rolling out a new media campaign on radio, television and billboards in greater Philadelphia touting “Freedom From Banks.”

    May 17
  • CUJ content
    Feds Seek Long Prison Term In MBLs Fraud

    PHOENIX – Prosecutors are recommending a judge sentence the former member business loan chief at Yuma’s AEA FCU to a 20-year prison term because of the large losses the MBL fraud cost the one-time $410-million credit union, bringing it to its knees.

    May 17
  • CUJ content
    Senate Gets Bill On ATM Disclosures

    WASHINGTON – The Senate yesterday introduced its own bill that would end the requirement for dual fee disclosures at ATMs, which would leave only the on-screen disclosure.

    May 17
  • CUJ content
    ‘Felony Lane’ Leads CU Fraud Leader to Jail

    HARTFORD, Conn. – The leader of an east coast fraud ring that stole purses from parked cars then used stolen identification to impersonate credit union and bank account holders to steal an estimated $2.5 million was sentenced to 20 years in federal prison this morning.

    May 17
  • Corporate credit unions
    NCUA Follows WesCorp Settlement With Cease & Desist

    ALEXANDRIA, Va. – NCUA followed up yesterday’s legal settlement with former WesCorp executive Robert Burrell with a cease and desist order barring the former chief investment officer at WesCorp from working for any corporate credit union; consulting or advising a corporate on investments; or selling any investments to a corporate.

    May 17
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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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