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Market Intelligence:
AI
Payments
Research
  • Payments
    Credit union members' holiday spending outpaced national average: Study

    A new report from PSCU shows increases in spending levels and transaction volumes, along with a surge in mobile wallet usage during the holiday shopping season..

    By Melissa Angell
    Reporter
    February 6
    p1als5hhoo1tcuen81642f9oasge.jpg
  • Law and regulation
    Sens. Warren, Brown call on CFPB to suspend task force

    In a letter to CFPB Director Kathy Kraninger, the Democratic senators argue that task force members cannot be trusted to protect consumers because they have represented payday lenders or Wall Street banks, or worked at law firms that did so.

    berry-kate126x126.jpg
    By Kate Berry
    Reporter
    February 6
    U.S. Sen. Elizabeth Warren (D-Mass.)
  • Cyber Security
    CUNA back online after ransomware attack

    Cybersecurity experts said the trade group's description of the event bears the hallmarks of a ransomware attack, which CUNA subsequently confirmed.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 6
    cybersecurity-hack-data-breach-cloud
  • Cyber Security
    How real is the deepfake threat?

    New technologies are making fraud detection even more of a challenge for financial institutions, but there are steps credit unions can take to protect themselves and their members.

    By Melissa Angell
    Reporter
    February 6
    CUJ-012020-deepfakes.jpeg
  • Diversity and equality
    AACUC names 2020 Hall of Fame inductees

    The African-American Credit Union Coalition will recognize three industry leaders, one posthumously, during an event in Washington later this month.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 5
  • Blockchain
    Credit union blockchain solution rebrands

    MyCUID, an identity-verification tool launched in early 2018, has a new identity of its own.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 5
    Julie Esser, chief experience officer of CULedger
  • Earnings
    Town & Country FCU touts lending, deposit gains for 2019

    The Maine-based credit union also grew membership last year to the point where it now serves nearly 40,000 consumers.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 5
    David Libby, president and CEO of Town & Country FCU
  • Best Fintechs to Work For
    For a credit union service organization, ‘we’re kind of hippie’

    The credit union service organization Member Driven Technologies has a laid-back work environment but works hard to translate its internal culture to employees who may be located hundreds of miles from headquarters.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 4
    Member Driven Technologies
  • Corporate governance
    Va. lawmakers advance bill to pay credit union board members

    Fewer than 30 CUs in the state would be eligible to make use of the rule, intended to help rural institutions and others attract a more qualified pool of directors and committee members.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 4
    p17bb35umu17lqlpd1ao6rnp2o98.jpg
  • Succession planning
    S.C. Telco names retiring CEO's successor

    Brian McKay will lead the Greensville, S.C.-based credit union beginning in April

    By Melissa Angell
    Reporter
    February 4
    Brian McKay will take over as CEO of S.C. Telco FCU in April 2020
  • Financial regulations
    Six credit unions pay up for late call reports

    Each of the half-dozen institutions has $15 million or less in assets and has filed its 5300 late at least once before.

    By Melissa Angell
    Reporter
    February 4
    CUJ-2320-callreport.jpeg
  • Climate change
    Senate Dems want answers on how GSEs are preparing for climate change

    In letters to Freddie Mac and Fannie Mae, six Democrats asked how the mortgage giants are factoring extreme weather into their risk modeling.

    Brendan Pederson Author Image
    By Brendan Pedersen
    Reporter
    February 4
    p18qaui29kes61nbmjj71ic51jvj7.jpg
  • GSEs
    FHFA redefining itself ahead of GSE overhaul

    With policymakers focused on ending Fannie Mae and Freddie Mac’s conservatorship, their regulator is reorganizing key units and adding staff to position itself for the long term.

    By Hannah Lang
    Reporter
    February 4
    FHFA Director Mark Calabria
  • M&A
    Small Mass. credit union folds into RTN Federal

    Waltham Municipal Employees CU served fewer than 700 members with a total of $8.5 million in assets.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    February 3
    massachusetts flag
  • Complainers have the facts wrong about credit union-bank purchases

    Despite what one critic says, Alaska USA Federal Credit Union’s acquisition of branches from TCF Financial will help underserved communities in Arizona.

    February 3
    Scott Earl
    Scott Earl
    Mountain West Credit Union Association
  • Law and regulation
    Week ahead: Credit unions hit back on bank attacks

    The industry faces still competition for attention in Washington this week, but matters related to credit unions are still being discussed.

    By Melissa Angell
    Reporter
    February 3
    Capitol Hill, Washington D.C.
  • Growth strategies
    Growth plans? Get ready for roadblocks

    A look back at CU Journal's latest special report on the challenges the industry could face in the year ahead.

    By Credit Union Journal staff
    February 3
  • Appraisals
    Mortgage Bankers Association backs credit union appraisal plan

    After maintaining a $250,000 exemption threshold for real estate appraisals for nearly 20 years, the National Credit Union Administration is set to raise that limit to $400,000.

    By Melissa Angell
    Reporter
    January 31
    CUJ-112119-APPRAISALS.jpeg
  • Marketing
    How CommunityAmerica Credit Union won the Super Bowl

    The Kansas City-area institution has sponsored the NFL’s Chiefs since 2016, but became its official banking partner in 2019. The timing couldn’t have been better.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 31
    A CommunityAmerica Credit Union billboard featuring Kansas City Chiefs star Patrick Mahomes. CACU became the team's official banking sponsor in 2019.
  • Crime and misconduct
    NCUA bans 7 in year's first round of prohibitions

    The regulator's most recent prohibitions include multiple charges of fraud, theft and embezzlement.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 31
    ncua 2
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