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Market Intelligence:
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  • Lending
    New CUSO Launches MBL Participations Market

    PHILADELPHIA – Three East Coast credit unions have launched a new CUSO called UnityXchange that is creating a trading platform where credit unions and banks can solicit and buy into loan participations based on member business loans.

    March 14
  • Technology
    Fiserv Wins Contract With Florida’s Biggest CU

    TAMPA, Fla. – Florida’s biggest credit union, Suncoast Schools FCU, said this afternoon it signed with Fiserv to convert its data processing to the company’s Acumen system, the second big credit union win for Fiserv in as many weeks.

    March 14
  • Branch network
    Education First CU Matriculates With Smallest Branch

    COLUMBUS, Ohio – Education First CU has introduced what it calls the smallest manned-branch in the industry, a 228 square-foot facility inside Clark Hall – a new state of the art multiple-classroom facility which is part of the Gahanna Jefferson School District..

    March 14
  • Growth strategies
    CO-OP Financial Launches Consumer Ad Campaign

    RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services unveiled a national consumer advertising campaign this morning called “Credit Unions Do” designed to promote credit union membership

    March 14
  • Compliance
    Congressional Relief Sought From Blizzard Of New Regs

    SAN ANTONIO, Texas – Credit union executives urged Congress this morning to step in and alleviate a rapidly growing list of new regulations affecting credit unions and banks.

    March 14
  • CUJ content
    CUNA Bid Helps House Financial Services Chair Hold On To Seat

    BIRMINGHAM, Ala. – An independent radio campaign by CUNA boosting Congressman Spencer Bachus in the prior three days helped the ten-term member of Congress and chairman of the House Financial Services Committee survive his toughest primary yesterday.

    March 13
  • Corporate credit unions
    WesCorp Figures Must Wait Till End Of NCUA Suit To Seek Legal Fees

    LOS ANGELES – A federal judge yesterday rejected requests from five WesCorp FCU executives being sued by NCUA for reimbursement of their legal fees during the case and told them to “get in line” with other WesCorp creditors after their case is completed.

    March 13
  • CUJ content
    Navy FCU Member Gets Five Years In Prison For Loan Fraud

    LOS ANGELES – A member of Navy FCU was sentenced to 64 months behind bars for submitting a false loan application, obtaining a credit card in somebody else's name and running up charges on the account.

    March 13
  • Lending
    CU Members Mortgage Guarantees Closing Time

    DALLAS – CU Members Mortgage has issued a CU Home Promise that guarantees a member’s home loan will close within 40 days of receiving documentation, otherwise it will pay the borrower $500 toward closing costs.

    March 13
  • CUJ content
    Bay State’s Luso American CU Pays Member Bonus

    PEABODY, Mass. – Luso American CU said yesterday it paid its members a bonus dividend totaling $93,810.

    March 13
  • CUJ content
    ESL FCU Donates $500,000 To United Way

    ROCHESTER, N.Y. – ESL FCU said its ESL Charitable Foundation has contributed $500,000 to United Way’s Community Fund, one of the biggest charitable gifts ever from a credit union.

    March 13
  • Branch network
    Indiana’s Heritage FCU Eyes New Admin Center

    FORT WAYNE, Ind. – Heritage FCU said it hired MagniFI to design a 30,000-square-foot administrative facility and member center in Newburgh.

    March 13
  • CUJ content
    Cumberland County FCU Adds Services From eDOC Innovations

    PORTLAND, Maine – Cumberland County FCU has extended its eDOC platform to include ProDoc Packages to give the credit union’s various departments uniformity in processes, creating digital “Packages” for making easy and consistent workflows for staff.

    March 13
  • CUJ content
    Maryland’s SECU Acquires Anne Arundel County Employees FCU

    LINTHICUM, Md. – State Employees CU, Maryland’s second-largest credit union, has agreed to merge into it Anne Arundel County Employees FCU, an $82-million credit union based in nearby Annapolis, Md.

    March 13
  • Technology
    RTN FCU Adds Tyfone’s Mobile Wallet

    WALTHAM, Mass. – RTN FCU said it will provide its members a comprehensive suite of mobile wallet services and mobile financial services powered by Tyfone’s next generation mobile banking solution.

    March 13
  • Branch network
    Mid America CU’s New Branch To Feature Café

    WICHITA, Kan. – Mid America CU is offering a different member experience inside its new eastside branch – a 900-square-foot cafe known as Savories Tasty Shop and Coffee House.

    March 13
  • Corporate credit unions
    NCUA Settles Claims Against Second WesCorp Figure

    LOS ANGELES – NCUA agreed yesterday to settle civil negligence charges against a second WesCorp FCU executive for the 2009 failure of the one-time $32 billion corporate credit union, Robert Burrell, who was WesCorp’s chief investment officer.

    March 13
  • CUJ content
    Justice FCU Raises $20,000 For C.O.P.S. Benefit

    CHANTILLY, Va. – Justice FCU and its members raised $20,000 for the Concerns of Police Survivors, or C.O.P.S., which supports families of police officers killed in the line of duty.

    March 12
  • CUJ content
    Sentencing Delayed In MBLs Fraud Case

    PHOENIX – Yesterday’s scheduled sentencing for the key witness in the AEA FCU member business loans trial – which has turned contentious – was rescheduled for April 9 by a federal judge.

    March 12
  • CUJ content
    California Regulator Resigns

    SACRAMENTO, Calif. – The California Department of Financial Institutions, which has authority over 160 state chartered credit unions, said William Haraf, its commissioner since 2008, has resigned effective Thursday.

    March 12
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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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