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Market Intelligence:
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Industry Data
  • Technology
    KBR CU Opts For Sharetec Core Processing System

    TACOMA, Wash. – KBR CU has implemented Sharetec’s core processing system.

    April 18
  • Technology
    Great NorthWest FCU Adds eDoc Innovations’ ProDoc Receipts

    ABERDEEN, Wash. – Great NorthWest FCU has signed with eDOC Innovations to implement the company’s ProDoc Receipts for electronic receipt processing.

    April 18
  • Technology
    Bellco CU Rolls Out CO-OP Financial’s My Deposit RDC

    GREENWOOD VILLAGE, Colo. – Bellco CU has launched CO-OP Financial Services’ My Deposit remote check deposit for iPhone and Android phones.

    April 18
  • Lending
    CFE FCU Makes Almost $3 Million Of Loans At Tent Sale

    LAKE MARY, Fla. – CFE FCU said its recent car sale at the Central Florida Fairgrounds in Orlando produced more than $2.7 million in new loans, about three times as much as previous tent sales.

    April 18
  • Lending
    Earnings Slide At Sallie Mae, As Private Loans Surge

    NEWARK, Del. – Student loan giant Sallie Mae reported a 36% decline in first quarter earnings yesterday, to $112 million, even as it’s growing private loan business rose by 23%, to $1.2 billion.

    April 18
  • Technology
    Equifax Introduces Data Mining Product

    ATLANTA – Credit bureau Equifax rolled out a new data mining product yesterday called B2B Marketing Compass, a marketing analytics system that allows organizations to define the ideal customer profile and identify hidden market and wallet share.

    April 18
  • Technology
    Mitek Claims USAA Stole Its RDC Patent To Make ‘Knock-Off’ Version

    SAN DIEGO – In the latest dust-up over new financial technology, Mitek Systems responded to a patent infringement suit filed against it by USAA over remote deposit capture technology by filing its own patent suit against the Texas insurance company.

    April 18
  • Compliance
    IRS To Require CU, Bank Reporting For Nonresident Aliens

    WASHINGTON – In a major setback for credit unions and banks, the Internal Revenue Service approved new rules that require depositories to report interest payments to nonresident aliens, starting in 2013.

    April 18
  • Lending
    New Consumer Watchdog Launches Assault On Loan Discrimination

    WASHINGTON – The new Consumer Financial Protection Bureau put banks, credit unions and other lenders on notice this afternoon that it is stepping up enforcement of anti-discrimination laws.

    April 18
  • Payments
    PenFed Wants Your Credit Card Balance At 4.99%

    ALEXANDRIA, Va. – Pentagon FCU is shopping for credit card holders with outstanding balances at other issuers by offering a 4.99% rate on all balance transfers through June 30--for the life of the balance.

    April 18
  • CUJ content
    HarborOne CU Donates $14,500 To Local Non-Profits

    BROCKTON, Mass. – HarborOne CU has contributed $14,500 to four area nonprofits.

    April 17
  • Lending
    Allied Solutions Intro's iSolutions

    CARMEL, Ind.--Allied Solutions has introduced a new interactive marketing platform called iSolutions it said is designed to help credit unions communicate competitive advantages to their membership and further drive increases in loan volume, portfolio yield, and fee revenue.

    April 17
  • Branch network
    USF FCU Deposits ATM At Tampa Medical Center

    TAMPA, Fla. – USF FCU, which serves the University of South Florida, recently worked with USF Health to place an ATM in the hospital’s new downtown medical research center--the Center for Advanced Medical Learning and Simulation.

    April 17
  • Technology
    Wright-Patt CU Selects TRC Interactive For Fraud Prevention

    FAIRBORN, Ohio – Wright-Patt CU has signed with TRC Interactive to deliver the company’s First Line of Defense – Fraud Detection and Loss Prevention Challenge, an online exercise to keep staff focused on the latest frauds.

    April 17
  • Technology
    North Island CU Implements Violin Memory’s Memory Arrays

    SAN DIEGO – North Island CU has installed Violin Memory’s scalable flash Memory Arrays, to accelerate data processing, providing faster and more efficient services to its members.

    April 17
  • Technology
    Grow Financial FCU Adds Attunity’s Managed File Transfer Solution

    TAMPA, Fla. – Grow Financial FCU has selected Attunity’s managed file transfer solution (formerly known as RepliWeb-MFT), to automate and secure the process of transferring files.

    April 17
  • CUJ content
    CUSO To Help CUs Structure Employee Benefits

    NORTH CHARLESTON, S.C. – South Carolina FCU said yesterday its CU Benefits Solutions CUSO is partnering with Innova Plan Strategies of Charlotte, N.C., to help credit unions and other businesses develop and structure employee benefits, like health and dental and retirement planning.

    April 17
  • Lending
    Soldier Claims CU Repo Violated Servicemembers Act

    NORFOLK, Va. – A member of NAE FCU who enlisted in the Army after the credit union financed his pick-up truck is suing the credit union in federal court here for allegedly violating the Servicemembers Civil Relief Act by failing to reduce the terms of his loan and repossessing his vehicle.

    April 17
  • CUJ content
    Jeanne D’Arc CU Makes Dracut Run On Dunkin

    DRACUT, Mass. – Hundreds of residents were treated to Dunkin Donuts as part of random acts of kindness performed by employees of Jeanne D’Arc CU last week to celebrate the credit union’s 100h anniversary.

    April 17
  • Growth strategies
    Xceed Financial FCU Sued For Overdraft ‘Batching’

    LOS ANGELES – In what is expected to be the start of a new spate of consumer lawsuits against credit unions, a member of Xceed Financial FCU is claiming the credit union engaged in deceptive and unfair practices by re-sequencing his debit transactions in order to create overdrafts in his accounts.

    April 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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