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  • CUJ content
    Branch Manager Gets Ten Days In Jail For Embezzlement

    ROANOKE, Va. -- A former branch manager for Freedom First CU was sentenced Tuesday to ten days in jail after she pleaded guilty to embezzlement for modifying existing loans held by her mother, father-in-law and a friend to draw money for her own use.

    December 14
  • CUJ content
    Bellco CU Eyes Bigger Market

    GREENWOOD VILLAGE, Colo. – Bellco CU has applied to state regulators to expand its field of membership to serve more than 500,000 people in Adams and Broomfield counties.

    December 14
  • Technology
    Navy FCU Pilots Verint System’s Advanced Analytics Solution

    VIENNA, Va. – Navy FCU has implemented the latest release of the Verint System’s Vovici Enterprise Feedback Management solution.

    December 14
  • Cards
    ESL FCU Rolls Out Prepaid Gift, Reloadable Visa Debit Cards

    ROCHESTER, N.Y. – ESL FCU has introduced a new suite of prepaid gift and reloadable Visa debit card products, in conjunction with PSCU Financial Services.

    December 14
  • CUJ content
    Iowa’s Community Choice CU Launches ‘Unbanking’ Campaign

    JOHNSTON, Iowa – Community Choice CU is the latest credit union to bank on a growing anger over big banks with the roll out of a new ad campaign touting itself as the “Unbank.”

    December 14
  • Corporate credit unions
    NCUA Approves Another Corporate Merger

    ALEXANDRIA, Va. – NCUA this afternoon approved the combination of Treasure State Corporate CU in Montana and Kansas Corporate CU, one of seven corporate mergers pending.

    December 14
  • CUJ content
    CEO Jailed For $500,000 Investment Scheme

    LITTLE ROCK, Ark. – The former CEO of Arkansas Employees FCU was sentenced this afternoon to 26 months in prison for stealing $500,000 from a member which she used for her own investment.

    December 14
  • Corporate credit unions
    Catalyst Corporate Wins Remnants Of WesCorp

    PLANO, Texas – NCUA has awarded the remnants of WesCorp FCU, including computer systems and member accounts, to Catalyst Corporate FCU, formed by the recent merger of Southwest Corporate FCU and Georgia Corporate FCU.

    December 14
  • Technology
    Valley First CU Adds VINtek’s Electronic Lien Service

    MODESTO, Calif. – Valley First CU has signed with VINtek to implement the company’s electronic lien and title services to manage its automotive titles.

    December 13
  • Branch network
    Charter Oak FCU Opens At Submarine Site

    GROTON, Conn. -- Charter Oak FCU is opening its 12th branch at the Electric Boat campus, in New London, the building site for Navy submarines.

    December 13
  • Branch network
    Michigan’s Consumers CU Plans Two New Branches

    KALAMAZOO, Mich. – Consumers CU is planning to open two branches in 2012, one in Kalamazoo and one in Mattawan.

    December 13
  • Compliance
    Ashland CU Signs Compliance Deal With COMPASS 4 CUs

    ASHLAND, Ky. -- Ashland CU has contracted with COMPASS 4 CUs to provide it with regulatory compliance services.

    December 13
  • CUJ content
    Nutmeg State FCU Auditions For A Media Star

    HARTFORD, Conn. -- Nutmeg State FCU is looking for "super fans," who, if chosen, will be featured in a series of television commercials and a print campaign advertising the credit union.

    December 13
  • CUJ content
    Washington’s Horizon CU Expands To Montana

    SPOKANE, Wash. -- The boards of Horizon CU and Montana First CU have approved the combination of the two credit unions, giving Horizons its first entry into adjourning Montana.

    December 13
  • CUJ content
    North Carolina SECU Awards $1 Million To Hospice Project

    RALEIGH, N.C. – State Employees’ CU, said its SECU Foundation, which has been funding a series of critical care hospices around the state, is donating $1 million to the latest project in Bolivia, N.C.

    December 13
  • Lending
    Second Mortgage Scam Charged In Court

    MOBILE, Ala. -- Prosecutors opened a trial Monday against a woman accused of helping her brother run a sophisticated fraud that helped obtain millions of dollars in fraudulent mortgages from First Educators CU in Birmingham and other lenders to finance condominium rehabs at the Gulf Shores resorts.

    December 13
  • CUJ content
    Texas Bank Buy Solves CEO Succession For CU-Convert

    PLANO, Texas – ViewPoint Bank, known till five years ago as Community CU, announced this morning it is acquiring $500 million Highlands Bancshares in a deal that will both expand its branch network and replace its CEO Gary Base, the former credit union figure who is retiring after running the institution for 25 years.

    December 13
  • Technology
    BECU Suspends Android, BlackBerry Mobile Banking Apps

    TUKWILA, Wash. – BECU said yesterday it is discontinuing its mobile banking apps for Android and Blackberry smartphones at the end of this month as it transitions to a new third-party vendor.

    December 13
  • CUJ content
    FDIC Clears CU Bank Buy

    WASHINGTON – The FDIC said today it approved the acquisition of Griffith (Indiana) Savings Bank by United FCU of St. Joseph, Mich., the first bank to be acquired by a credit union.

    December 13
  • Branch network
    University Of Iowa Community CU Goes Off Campus

    IOWA CITY, Iowa – The University of Iowa Community CU announced this morning it is the latest victim of market economics, forcing it to close its branches on the University’s campus and the University of Iowa Hospitals and Clinics as the credit union declined to participate in competitive bidding for renewal of the five-year leases.

    December 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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