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Market Intelligence:
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  • Lending
    Charter Oak FCU Launches Guaranteed SBA Lending

    GROTON, Conn. – Charter Oak FCU was approved as a provider of U.S. Small Business Administration loans as of Jan. 31.

    February 14
  • CUJ content
    Another Evangelical Christian CU Borrower Files For Bankruptcy

    ROCKFORD, Ill. – The Faith Center, which launched a $7.5-million expansion in 2007, has filed for bankruptcy protection, the latest in a growing list of troubled church borrowers from Evangelical Christian CU.

    February 14
  • Payments
    PenFed Rolls Out New Rewards Card

    ALEXANDRIA, Va. – Pentagon FCU has introduced another rewards credit card, the PenFed Platinum Rewards Card, which offers cardholders the opportunity to earn five points per dollar spent on gas purchases, three points per dollar spent on supermarket purchases, and one point per dollar spent on all other purchases.

    February 14
  • Technology
    Genisys CU Signs For RDC From EasCorp’s Vertifi

    AUBURN HILLS, Mich. – Genisys CU has contracted with EasCorp FCU’s Vertifi Software to offer its DeposZip Mobile remote deposit capture to its members.

    February 14
  • Growth strategies
    Boston’s Metro CU Seeks To CONNECT With Low-Income Residents

    CHELSEA, Mass. – Metro CU has joined five other Chelsea-based organizations to launch CONNECT, a new initiative to bring bundled financial stability services to the city’s low-income residents from a central location.

    February 14
  • Corporate credit unions
    Missouri Corporate CU Transitions ACH To Lendingtools

    ST. LOUIS – Missouri Corporate CU has signed with Lendingtools.com to offer the company’s ACH services.

    February 14
  • Compliance
    Senate Seeks Audit Of NCUA Exams

    WASHINGTON – The Senate Banking Committee called on officials at NCUA and the banking regulators to conduct internal reviews on the application of their own standards during examinations.

    February 14
  • CUJ content
    CUNA Mutual Retirees Seek High Court Review Of Benefits Dispute

    WASHINGTON – A group of former CUNA Mutual employees on Tuesday asked the Supreme Court to overturn an appeals court decision that said the credit union insurer was within its rights to cancel payments on retirees’ healthcare costs.

    February 14
  • CUJ content
    University CU Loses On-Campus Concession

    IOWA CITY, Iowa – A local bank opened its first on-campus branch here yesterday after the University of Iowa and University of Iowa Community CU ended a five-year partnership.

    February 14
  • CUJ content
    CommunityAmerica CU Is Sweet On Its Members

    LENEXA, Kan. – CommunityAmerica CU celebrated Valentine’s Day today with a $1 million kiss—a special dividend.

    February 14
  • Cards
    Traditional ATM Card Is Victim Of Durbin Amendment

    ALBUQUERQUE, N.M. – First Financial CU says it is phasing out its traditional ATM cards in favor of debit/credit cards, one of the fall-outs of the Durbin amendment to the Dodd-Frank bill.

    February 14
  • CUJ content
    Fidelity National Information Services Advances On Revenue Growth

    JACKSONVILLE, Fla. – Fidelity National Information Services reported fourth quarter net income of $117 million, up 7% from a year ago.

    February 13
  • CUJ content
    ACI Worldwide Completes S1 Takeover

    NEW YORK – ACI Worldwide on Monday said it has accepted all of the shares of S1 Corp. tendered to it and is poised to complete its acquisition of the provider of back-office services to credit unions and banks.

    February 13
  • CUJ content
    Diebold Rises On Advanced ATMs

    NORTH CANTON, Ohio – Diebold moved back into the black in the fourth quarter amid strong sales for its advanced ATM technology.

    February 13
  • CUJ content
    Woman Imprisoned For Armed $15,500 CU Holdup

    WICHITA, Kan. – A 52-year-old woman was sentenced to 51 months in federal prison for an armed robbery of $15,520 from Telephone Employees CU in April 2009.

    February 13
  • CUJ content
    Commonwealth CU Joins Credit Union 24

    FRANKFORT, Ky. – Commonwealth CU has joined the Credit Union 24 ATM/POS network.

    February 13
  • Branch network
    Tinker FCU Plans Expansion Of Ops Center

    OKLAHOMA CITY, Okla. – Tinker FCU paid $5.2 million for 57,000 square feet of office space in south Oklahoma City to allow for growth of operations.

    February 13
  • CUJ content
    Cabrillo CU Pilots Corelation’s New System

    SAN DIEGO – Cabrillo CU is the first PSCU Financial Services customer to interface with Corelation’s new open-API KeyStone core processing system.

    February 13
  • Corporate credit unions
    Alloya Corporate FCU Migrates From U.S. Central To Fundtech

    WARRENVILLE, Ill. – Alloya Corporate FCU said it is moving its ACH services from U.S. Central to Fundtech, the latest corporate to do so.

    February 13
  • CUJ content
    Bankers Fight Portland Mayor’s Muni Deposits Bid For CUs

    PORTLAND, Ore. – The Oregon Bankers Association has registered its opposition to Portland Mayor Sam Adams’ proposal to move more of the city’s funds to small banks and credit unions, telling the mayor credit unions were designed by Congress to serve consumers with “modest means,” not local governments or small businesses.

    February 13
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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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