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Market Intelligence:
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Payments
Research
  • Lending
    Good news for credit unions in Goldman Sachs' latest earnings

    Fears that the New York banking giant’s consumer lending product could cut into a key credit union market appear to have been overblown.

    By Kevin Wack and Aaron Passman
    January 17
    CUJ 011620 - UNSECURED.jpeg
  • M&A
    State regulators block credit union’s bank purchase

    Colorado's State Banking Board voted 6-1 to stop Elevations Credit Union from buying Cache Bank & Trust. This is believed to be the first time regulators have blocked such a deal.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 16
    colorado-capitol-357.jpg
  • Election 2020
    CUNA targeting record-level spending for 2020 election

    In partnership with state leagues, the credit union trade group is committing to $7 million in campaign contributions for the upcoming presidential and congressional contest.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 16
    voting-flags-istock-000005814659-large.jpg
  • Succession planning
    Dow Chemical Employees Credit Union names CEO’s successor

    Dennis Hanson, the credit union’s longest-serving chief executive, has announced his plans to retire. A new leader will take the helm in April.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 16
    Dennis Hanson, retiring CEO of Dow Chemical Employees Credit Union
  • Debt collection
    In rebuke of CFPB, states look to get tough on debt collectors

    In another sign of state officials trying to outdo the Consumer Financial Protection Bureau, governors in California and New York want greater authority to license and oversee the debt collection industry.

    berry-kate126x126.jpg
    By Kate Berry
    Reporter
    January 16
    cuomo-andrew-bl-04-06-16.jpg
  • Earnings
    Kansas City's CommunityAmerica returns $8.5M to members

    The credit union has returned payouts of $5 million or more for each of the last eight years and has issued a dividend of some sort every year since the mid-1990s.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 15
  • State-chartered credit unions
    Mass. lawmakers considering updates to state’s credit union statutes

    The Bay State is the latest to push its lawmakers to modernize how CUs do business in order to help state charters remain competitive with federal charters.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 15
    massachusetts flag
  • Marketing
    America First inks Major League Soccer sponsorship

    The Utah-based credit union has extended and added to a partnership deal with Real Salt Lake. Many CUs have aligned with MLS teams as a cheaper alternative to larger leagues like the NFL.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 15
    soccer-fotolia.jpg
  • Recruiting
    Recruiting a CEO in 2020? Good luck with that.

    A shrinking industry and inadequate succession planning – particularly at smaller credit unions – is likely to increase competition for top talent and make executive recruitment even more challenging in the year ahead.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 15
    Credit union consolidation by year 2010 - 2019
  • Branch deals
    Blue Federal Credit Union buys Colorado bank branches

    The Wyoming-based credit union will gain about $100 million in deposits as a result of the deal.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    January 14
    colorado-highway-36.jpg
  • M&A
    Col. bankers ask regulator to rethink credit union's bank purchase

    The Colorado Bankers Association says Elevations Credit Union's purchase of Cache Bank & Trust doesn't comply with state statutes.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 14
    p19es0pab3mqm1tk7dsg10tj161ib.jpg
  • 3 strategies to help credit unions compete in 2020

    Want to level the playing field with big banks and fintechs in the year ahead? Here's where to start.

    January 14
    Eddie Davis
    Eddie Davis
    FINSYNC
  • Finance, investment and tax-related legislation
    House passes bills to require more reports from banking regulators

    Lawmakers advanced legislation that would require financial regulators to give annual testimony to lawmakers and would mandate regular reports on cybersecurity efforts.

    By Hannah Lang
    Reporter
    January 14
    p19oo7vhet161417so14sord51afef.jpg
  • Disaster recovery
    Australian wildfires have credit unions Down Under in recovery mode

    From power outages to branch closures and even homeless kangaroos, rampant wildfires have presented credit unions in Australia with challenges they've rarely seen before.

    By Melissa Angell
    Reporter
    January 14
    A New South Wales (NSW) Rural Fire Service volunteer watches a fire in bushland during back-burning operations in bushland near the town of Kulnura, New South Wales, Australia, on Thursday, Dec. 12, 2019.
  • Earnings
    SAFE Credit Union returns more than $1M to members

    The latest dividend brings the credit union's member returns to more than $32 million in 23 years.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 13
  • Wealth management
    New study reveals growth opportunity for credit unions

    A MagnifyMoney report shows an overwhelming majority of consumers regret not investing sooner, a sign that credit unions could deepen relationships by upping their wealth management options for members.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 13
    CUJ 011320 - investment regrets.jpeg
  • Law and regulation
    Week ahead: Can credit union issues compete with impeachment?

    President Trump's impeachment trial could get underway in the Senate this week, making it even harder for the movement's legislative priorities to gain traction.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 13
    p1a39n0033dmr1gb51hjs1b79vp76.jpg
  • Fintech regulations
    Can California's mini-CFPB pick up slack left by federal agency?

    Former CFPB Director Richard Cordray and consumer advocates have designed a proposed state consumer agency that would subject more financial firms and fintechs to state oversight.

    berry-kate126x126.jpg
    By Kate Berry
    Reporter
    January 10
    cordray-richard-cfpb-120815a-bl.jpg
  • Branding
    Eyeing growth, Cleveland teachers' credit union rebrands

    The institution formerly known as School Employees Loraine County Credit Union launched its new name on Jan. 2.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 10
    CUJ 011020 - Achieve CU net income.jpeg
  • Lending
    Michigan credit unions added members, loans at a slower pace during Q3

    Roughly 55% of Michiganders belong to a credit union but growth rates in the state continue to slow.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    January 10
    CUJ 011020 - Mich Q3 growth stats.jpeg
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