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Market Intelligence:
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  • CUJ content
    CDCU Gets $250,000 Non-Member Deposit From Local Bank

    BIRMINGHAM, Ala. – New Pilgrim FCU said it has received a $250,000 non-member deposit from Commonwealth National Bank in nearby Mobile.

    January 10
  • CUJ content
    Collections Officer Embezzled $122,000

    ROCKFORD, Ill. – A former collections supervisor at Rock Valley FCU on Monday pleaded guilty to stealing $122,110 in loan payments he directed to his own accounts.

    January 10
  • Performance reports
    North Carolina SECU Has Another Big Year

    RALEIGH, N.C. – State Employees’ CU, the nation’s second-biggest credit union, reported another strong year for 2011, including 10% growth to $23.7 billion in assets and a 0.82 return-on-assets.

    January 10
  • Branch network
    Teachers FCU Sells Old Headquarters For $4.6 Million

    FARMINGVILLE, N.Y. – Teachers FCU, which moved into a new headquarters in nearby Hauppauge in November, has sold its old offices here for $4.6 million.

    January 10
  • Growth strategies
    Nebraska CUs Launch $25,000 Savings Contest

    OMAHA, Neb. – Nine credit unions and the Nebraska CU League are launching a new savings contest that will offer a $25,000 grand prize as part of an inducement to new member savings.

    January 10
  • Corporate credit unions
    NCUA Sets Wind-Down Of U.S. Central

    ALEXANDRIA, Va. – NCUA told corporate credit unions today it will continue to keep the ACH APEX processing at U.S. Central FCU going until December 31, but plans to raise prices for the processing by 80% July 1 in order to encourage corporates to find new ACH providers by then.

    January 10
  • CUJ content
    Atlanta Braves Unveil Exclusive Georgia’s Own CU Club

    ATLANTA -- The Atlanta Braves will debut an exclusive club for the 2012 season, the Georgia's Own CU Club, which will be located adjacent to the press box on the first base side and feature valet parking, upscale food offerings, in-seat wait service, $30 per seat food and beverage credit per game and a TV monitor at each table.

    January 10
  • CUJ content
    Police Foil CU Robber’s Taxi Getaway

    BOSTON – Police say they tracked down a man who held up an Everett CU branch this morning, then hopped into a waiting cab to make his escape.

    January 10
  • Technology
    Pilot Dispenses Visa Gift Cards At CU ATMs

    GLENDALE, Ariz. – Three Arizona credit unions are partnering with Visa and Better ATM Services on new technology that is allowing the credit unions to dispense Visa Gift cards in addition to cash at their ATMs.

    January 10
  • CUJ content
    Getaway Car Driver Convicted In Violent CU Heist

    PITTSBURGH – The man who drove the getaway car in a January 2010 armed robbery at Westmoreland Community FCU, when a teller was shot, was convicted last week on four criminal counts related to the holdup.

    January 9
  • CUJ content
    Community Choice CU Donates $10,000 To Fight Juvenile Cancer

    FARMINGTON HILLS, Mich. – Community Choice CU donated $10,000 to Kids Without Cancer for research to prevent pediatric cancer and similar related illnesses.

    January 9
  • CUJ content
    TCI Sells Product Lines To SS&S Technologies

    HAUPPAUGE, N.Y. – TCI said it has sold five of its products to SS&C Technologies Holdings, Inc., to concentrate on its loan origination solution – DecisionLender – which generated the majority of its revenue in 2011.

    January 9
  • CUJ content
    Illinois’ ADM CU Names CU Veteran New CEO

    DECAUTUR, Ill. – ADM CU, the one-time Archer Daniels Midland credit union, named Ann Wildman, president of Community Healthcare CU in Urbana, as president and CEO of the $16-million credit union.

    January 9
  • CUJ content
    Market USA FCU Restocks With New CEO

    LAUREL, Md. – Market USA FCU, credit union for Giant Foods and several other supermarket chains, announced the retirement of Robert McClosky as its president and CEO and the promotion of its executive vice president since 1994, Laura Hassan, to succeed him.

    January 9
  • CUJ content
    New York CU Exec To Head Pennsylvania’s Tobyhanna FCU

    SCRANTON, Penn. – Tobyhanna FCU on Monday announced it hired Sean Jelen, chief operating officer at New York’s Palisades FCU, as president and CEO of the $150-million credit union.

    January 9
  • Performance reports
    Hanscom FCU Pays $600,000 Loyalty Dividend

    HANSCOM AIR FORCE BASE, Mass. – Hanscom FCU paid $567,000 to its member-owners at the end of 2011 in the form of a loyalty dividend.

    January 9
  • Performance reports
    Empower FCU Pays Members $2.5 Million Bonus

    SYRACUSE, N.Y. – Empower FCU said it paid its members a $2.5 million “give-back” bonus dividend and interest rebate.

    January 9
  • CUJ content
    Senior Loan Officer Wins Dispute On Overtime Pay

    TAMPA, Fla. – USF FCU has agreed to settle a class action suit regarding overtime by paying a longtime senior loan officer three years back overtime pay she claims she was illegally denied.

    January 9
  • CUJ content
    Teen Gets 60 Days In Jail For Skimming At McDonald’s Drive-Thru

    OLYMPIA, Wash. – A 17-year-old McDonald’s employee on Monday was sentenced to 60 days in jail for skimming credit union credit cards at the drive-thru window to steal more than $13,000 from cardholders. He was also ordered to pay $13,000 restitution.

    January 9
  • CUJ content
    Callahan & Associates Names Nebraska Bank Executive As CEO

    WASHINGTON – Credit union consultants Callahan & Associates said this afternoon it hired J. F. Sean Hession, an executive with First National Bank of Omaha, as president and CEO.

    January 9
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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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© 2026 Arizent. All rights reserved.