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Market Intelligence:
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  • Technology
    CU Companies CUSO Offers Free iPhone App

    NEW BRIGHTON, Minn. – CU Companies has introduced a free mobile application for the Apple iPhone that allows credit unions to deliver mortgage rates, educational information and a location-based ATM finder.

    April 12
  • Technology
    Freedom CU Adds CO-OP’s My Deposit Mobile Android

    WARMINISTER, Penn. – Freedom CU has introduced CO-OP Financial Services’ My Deposit Mobile service for Android phones.

    April 12
  • Technology
    Utilities Employees CU Signs E-Service Deal With Jwaala

    WYOMISSING, Penn. – Utilities Employees CU said it signed with Jwaala to offer mobile banking and expand its online services.

    April 12
  • Lending
    Mortgage Rates Fall Toward Record Lows

    WASHINGTON – Long-term mortgage rates declined again toward new territory this week, with the average for the 15-year loan dipping to a new low, according to Freddie Mac.

    April 12
  • CUJ content
    Georgia’s Own CU Club Debuts At Atlanta Braves’ Turner Field

    ATLANTA – The Georgia’s Own Credit Union Club will be unveiled on today’s Opening Day at the Atlanta Braves’ Turner Field for season ticket holders who purchased a table in the exclusive, air conditioned club.

    April 12
  • Growth strategies
    North Carolina’s SECU Seeks Super Savings FAT CAT

    RALEIGH, N.C. – State Employees’ CU, which added $3.2 million in savings during last year’s North Carolina Financial Literacy for Youth Month, is hoping to top that amount this year with help from a new super hero during National Credit Union Youth Week, April 23-27.

    April 12
  • CUJ content
    Jefferson CU Assists Cash-Strapped County In Bankruptcy

    BIRMINGHAM, Ala. – Jefferson CU on Thursday said it will provide a line of credit for cash-strapped Jefferson County to make credit card purchases after Bank of America cut the credit limit on the bankrupt county’s credit cards.

    April 12
  • CUJ content
    Disgruntled Member Jailed After Assaulting Teller

    SAN ANTONIO – A member of Service FCU was arrested Wednesday after he allegedly grabbed a teller and punched her in the face for telling him his funds were not available.

    April 12
  • CUJ content
    Merger Creates Maryland CU Giant

    GREENBELT, Md. – Educational Systems FCU, which serves the educational community in five suburban Washington counties, has agreed to merge with troubled Montgomery County Teachers FCU to create Maryland’s seventh-largest credit union with almost $800 million in assets.

    April 12
  • Corporate credit unions
    Third WesCorp Figure Settles NCUA Charges

    LOS ANGELES – A third WesCorp FCU executive being sued by NCUA in connection with the huge corporate credit union failure has agreed to settle the NCUA case, the two sides reported this afternoon.

    April 12
  • Lending
    CUNA Fears Spread Of Strategic Defaults From Fannie, Freddie Proposal

    WASHINGTON – CUNA urged the regulator for Fannie Mae and Freddie Mac today to rethink a proposal to allow the two mortgage giants to forgive principal on at-risk mortgages because of the effects the program would have on the broader mortgage market by encouraging borrowers to enter into strategic defaults in order to pressure their credit unions into similar loan forgiveness.

    April 12
  • CUJ content
    CU*Answers Launches $5 Million Debt Offering

    GRAND RAPIDS, Mich. – CU*Answers, a CUSO serving 190 credit unions, said this morning it hopes to raise as much as $5.4 million in a debt offering to its 104 credit union owners.

    April 12
  • CUJ content
    Demand Dries Up For NCUA’s CDCU Loans

    ALEXANDRIA, Va. – NCUA reported this morning its $18 million Community Development Revolving Loan Fund did not make a single loan in the first quarter of the year and has not made any loans for two years, even as the agency has taken several steps to prime the lending pump.

    April 12
  • Technology
    $100K Network Makeover Now Open – And It’s Free

    BALTIMORE – Horsetail Technologies and Credit Union Journal have partnered to make an extraordinary offer that will result in one credit union receiving a $100,000 Extreme Network Makeover.

    April 11
  • Branch network
    A+ FCU In-School Branch Open To Public

    AUSTIN, Texas – A+ FCU on Wednesday said it plans to open a third high school branch in central Texas in Hendrickson High School in Pflugerville, which will be open to the public, as well as nearby elementary and middle schools.

    April 11
  • CUJ content
    Pen Air FCU Sends Member To Arnold Palmer Golf Tourney

    PENSACOLA, Fla. – Pen Air FCU and MasterCard gave one credit union member a free trip to the annual Arnold Palmer Golf Tournament in Orlando and a visit with the golf great as part of the annual MasterCard Sweepstakes.

    April 11
  • CUJ content
    MONEY FCU Partners With Coins For College

    SYRACUSE, N.Y. – MONEY FCU is teaming up with On Point for Education to collect spare change for the Coins for College campaign.

    April 11
  • Technology
    Park Community FCU Adds Vertifi’s DeposZip

    LOUISVILLE, Ky. – Park Community FCU has signed with Vertifi, a CUSO of EasCorp FCU, to offer DeposZip remote deposit capture service to its members.

    April 11
  • Growth strategies
    Tremont CU Goes Fishing For New Members

    BRAINTREE, Mass. – Tremont CU, which serves residents of greater Boston and more than 200 select groups, was approved by the Massachusetts Department of Banking to add more than 100,000 members of the Massachusetts Fisherman’s Partnership Inc., which consists of 20 subsidiary member organizations.

    April 11
  • Growth strategies
    Bay State CU Takes Mass Transit To Broader Membership

    BOSTON – Mass Bay CU, a 76-year-old credit union originally chartered to serve the Boston Elevated Train Co., then the Massachusetts Bay Transit Authority, was approved by state regulators to serve a board swath covering 1.5 million people surrounding Boston, in Suffolk and Norfolk counties.

    April 11
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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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