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  • CUJ content
    Rivermark CU Raises $48,000 For Children’s Hospital With Cookie Dough

    BEAVERTON, Ore. – Rivermark CU and the Clackamas Safeway Bread Plant mixed more than 30,000 pounds of cookie dough for the 29th Annual Dough for Doernbecher fundraiser.

    January 5
  • CUJ content
    Community Financial CU Gives $50,000 To Local Non-Profits

    PLYMOUTH, Mich. – Community Financial CU has donated $50,000 to non-profit organizations in the areas it serves as part of its annual Season of Giving program.

    January 5
  • CUJ content
    Aero FCU Chooses CoreTrac’s ResourceOne CRM Solution

    GLENDALE, Ariz. – Aero FCU has signed with CoreTrac to implement the company’s ResourceOne as its customer relationship management solution to enhance sales, marketing and member service effectiveness.

    January 5
  • Performance reports
    Bay Winds FCU Pays Members $520,000 Bonus

    CHARLEVOIX, Mich. – Bay Winds FCU paid its members a $500,000 bonus at the end of 2011.

    January 5
  • Growth strategies
    Grow Financial FCU Plans Branding Campaign

    TAMPA, Fla. – Grow Financial FCU has signed with local ad firm Rumbo Marketing to plan and launch a branding campaign.

    January 5
  • Corporate credit unions
    VolCorp Inks Correspondent Deal With LendingTools.Com

    NASHVILLE, Tenn. – Volunteer Corporate CU said it signed an agreement with LendingTools.com, a provider of third-party correspondent financial service solutions, to implement LT’s Private Correspondent Gateway.

    January 5
  • Lending
    Mortgage Rates Hold Near All-Time Lows

    WASHINGTON – Long-term mortgage rates declined again this week to near their lowest levels in recorded history, according to Freddie Mac.

    January 5
  • CUJ content
    Neighborhood CU Awards $25,000 Savings Prize

    MESQUITE, Texas – Thomas Haskins received a very welcome surprise when he opened the door to his house Wednesday morning: a $25,000 facsimile check to be deposited into his Neighborhood CU Prize Savers Account.

    January 5
  • CUJ content
    Fiserv Sues Fidelity National Information Over Electronic Payments Patents

    BROOKFIELD, Wis. – Fiserv said yesterday its CheckFree and CashEdge subsidiaries filed a patent infringement suit against Fidelity National Information Services alleging FIS’s Metavante unit is infringing on Fiserv’s patents for electronic bill payment and presentment and person-to-person payments which are being used by thousands of credit unions and banks.

    January 5
  • CUJ content
    CO-OP, The Members Group Partner On Payments

    In a move that seeks to create the largest payments solutions provider within credit unions, The Members Group (TMG) and CO-OP Financial Services said today they have entered into a strategic partnership.

    January 5
  • Cards
    Visa’s $1.6 Billion ‘Backdoor Buyback’ Of CU, Bank Shares To Fund Antitrust Settlement

    SAN FRANCISCO – Visa Inc. said it plans to convert $1.6 billion of its shares which it holds on behalf of credit unions and banks to help fund a potential $4 billion settlement with merchants over a civil price-fixing suit.

    January 5
  • Performance reports
    DFCU Financial Members Get Record $21 Million Payout

    DEARBORN, Mich. – Members of DFCU Financial, Michigan’s biggest credit union, got a New Year’s present yesterday, a $21 million patronage dividend—the biggest ever among credit unions.

    January 5
  • CUJ content
    Teller Stole $40,000

    BUFFALO, N.Y. – A senior teller at Morton R. Lane State University FCU on Wednesday confessed to stealing $40,000 from the credit union here.

    January 4
  • CUJ content
    Member Forfeits $2.6 Million In Cash Structuring Case

    UTICA, N.Y. – The owner of a tobacco store on the Akwesasne Mohawk Reservation was ordered to forfeit $2.6 million and to serve 12 months home confinement for laundering more than $2.6 million of deposits in Seacomm FCU and Community Bank to evade Currency Transaction Reporting.

    January 4
  • CUJ content
    Local Government FCU Gives $25,000 To Children’s Hospital

    RALEIGH, N.C. – Local Government FCU has contributed $25,000 to Levine Children’s Hospital in Charlotte and its project to renovate a rooftop garden that serves as a playground.

    January 4
  • CUJ content
    Illinois’ Rock Valley CU Names Patelco CU Exec As CEO

    LOVES PARK, Ill. – Rock Valley CU has hired Michael Rosek, a senior executive at Patelco CU, as president and CEO of the $75-million credit union.

    January 4
  • CUJ content
    New York’s TEG FCU Promotes CFO To CEO

    POUGHKEEPSIE, N.Y. – TEG FCU has named Ronald Flaherty, chief financial officer for the $175-million credit union, as its new president and CEO.

    January 4
  • Growth strategies
    Texans CU Switches To INVEST Financial For Broker/Dealer Services

    RICHARDSON, Texas – Texans CU has signed with INVEST Financial Corp. to provide its members with brokerage and investment services.

    January 4
  • CUJ content
    College Student Jailed For Toy Gun Robbery

    SYLVA, N.C. – A Western Carolina University student will spend at least 10 months in prison for robbing a State Employees’ CU branch with a toy gun.

    January 4
  • Performance reports
    CoVantage CU Pays Members $1.5 Million

    ANTIGO, Wis. – CoVantage CU paid members a $1.5 million patronage dividend comprised of both a loan dividend and a loan rebate.

    January 4
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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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