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Market Intelligence:
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Industry Data
  • Monetary policy
    Two more credit union CEOs named to San Francisco Fed panel

    CUs now hold four of the 11 spots on the Federal Reserve Bank of San Francisco's Community Depository Institutions Advisory Council.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 30
  • Trump administration
    CFPB's hiring of former DOJ official could raise ire of Capitol Hill

    The agency has named Thomas G. Ward as the bureau's assistant director for enforcement. House Democrats have questioned Ward's role as a political appointee in the Trump administration.

    berry-kate126x126.jpg
    By Kate Berry
    Reporter
    January 30
    CFPB headquarters
  • M&A
    ICBA to Congress: Stop credit union-bank deals or level the playing field

    A letter from the Independent Community Bankers of America calls on lawmakers to curtail credit unions' bank-buying spree or at least take measures to ensure parity between the two sides.

    By Melissa Angell
    Reporter
    January 30
    CUJ 010820 - CU-bank deals through 2019.jpeg
  • Upsides of bank sales to credit unions

    The benefits include improved financial inclusion, the chairman of the NCUA argues.

    January 30
    Rodney E. Hood
    Rodney E. Hood
  • Succession planning
    Internal candidate picked for top job at Fox Communities Credit Union

    The Appleton, Wis.-based credit union has tapped Christopher Allen to take the helm following Greg Hilbert's retirement.

    By Melissa Angell
    Reporter
    January 30
    Christopher Allen, the next CEO of Fox Communities Credit Union
  • M&A
    Richmond, Va., credit unions prep for merger

    A deal bringing $16 million-asset RiverTrace CU into Call Federal Credit Union will take effect on Feb. 3.

    By Melissa Angell
    Reporter
    January 29
  • Social media
    Social media key to brand awareness: Kasasa study

    Consumers are more likely to recommend companies they have a positive social media interaction with, according to a new report.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 29
    p19tgm8mkt1p8av49dv11anhq7ca.jpg
  • Credit reporting
    House nears passage of bills to overhaul credit reporting

    The six bills championed by Democrats aim to reduce consumer burdens and provide opportunities for borrowers to rehabilitate their credit, but the legislation garnered no Republican support.

    By Hannah Lang
    Reporter
    January 29
    Maxine Waters, HFS
  • Workforce management
    Female trio promoted to top jobs at Michigan credit union

    All three executives began as tellers and have been with the institution for a dozen years or more.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 29
    Joleen Bowman, the next CEO of Wayne-Westland FCU
  • Continuing education
    Can credit unions help narrow the skilled trades gap?

    A small number of institutions are beginning to add financial assistance for vocational training into their scholarship offerings, but that only accounts for a fraction of the industry's total giving for secondary education.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 29
  • Succession planning
    America's Christian Credit Union finds successor to longtime CEO

    Mendell Thompson, who has led the Glendora, Calif.-based institution for more than 30 years, plans to retire later this year.

    By Melissa Angell
    Reporter
    January 28
    Vicki VannBerstein, the next CEO of America's Christian Credit Union, effective March 2020
  • CFPB News & Analysis
    Inclusiv breaks from other credit union groups over CFPB structure

    The group, which serves community development credit unions, filed a brief suggesting that changing the bureau to a bipartisan commission could have an adverse impact on smaller institutions.

    By Melissa Angell
    Reporter
    January 28
    CFPB headquarters
  • CUJ content
    Small N.Y. credit union issues profit-sharing dividend

    Northern Chautauqua FCU, which holds less than $4 million in assets, issued the payout on the heels of a 9.7% increase in earnings.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 28
  • It’s time for Congress to resolve the cannabis banking conundrum

    Lawmakers are close to solving one of the financial services industry's biggest headaches. It's in the public's interest for them to do so.

    January 28
    Kerry Zinn
    Kerry Zinn
    Bressler, Amery & Ross P.C.
  • Mortgages
    End of the mortgage refi boom could spell trouble for credit unions

    Lower rates spurred a lot of unexpected mortgage business in 2019 but credit unions need to prepare themselves for what happens once the boom ends.

    By Melissa Angell
    Reporter
    January 28
    CUJ 012720 - mortgage loan growth.jpeg
  • CUJ content
    Second Bakersfield-area credit union drops 'Kern' branding

    Kern Schools FCU is the second Bakersfield CU in less than a year to change its name to better reflect a wider field of membership.

    By Melissa Angell
    Reporter
    January 27
    Stephen P. Renock, IV, president and CEO of Valley Strong Credit Union, formerly known as Kern Schools FCU
  • Marijuana banking
    Industry to Crapo: Detach pot banking from public health debate

    The pot banking bill is a long shot after recent criticism by the Senate Banking chairman, but some groups are trying a new argument in a last-ditch effort to sway lawmakers.

    By Hannah Lang
    Reporter
    January 27
    Marijuana plants grow in a greenhouse.
  • Law and regulation
    Week ahead: Credit unions watching Fed meeting, CRA plans and more

    The Senate is busy with President Trump's impeachment trial but policymakers and legislators elsewhere have several credit union-related issues to content with in the coming days.

    By Melissa Angell
    Reporter
    January 27
    Capitol Hill, Washington D.C.
  • Dodd-Frank
    CFPB backers tell high court that agency's structure is legal

    Democratic lawmakers, state attorneys general and others filed briefs with the Supreme Court rebutting claims that the agency’s leadership structure is unconstitutional.

    berry-kate126x126.jpg
    By Kate Berry
    Reporter
    January 24
    pelosi-nancy-bl092914.jpg
  • Earnings
    Dort Financial Credit Union reaches $1 billion in assets

    The Michigan-based CU celebrated its latest milestone during its 69th year of business.

    By Melissa Angell
    Reporter
    January 24
    Vicki Hawkins, president and CEO of Dort Financial Credit Union
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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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