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Market Intelligence:
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  • Lending
    SC Federal Offering ‘Best Mortgage Guarantee’

    N. CHARLESTON, S.C. – South Carolina FCU has rolled out a “Best Mortgage Guarantee” in which it allows comparison shopping with any competitor’s rate.

    December 8
  • CUJ content
    Ninety-Four People Arrested In Scam

    BRONX, N.Y. – Investigators said 94 people have been indicted here for a widespread crime scheme that targeted TD Bank.

    December 8
  • Lending
    Analysis Sees Signs Of Life For Lending

    ATLANTA – There are signs of life in prime borrowers and that could bode well for lending growth improvement in 2012.

    December 8
  • CUJ content
    Employees Strike Over Pay, Retirement

    MARIETTA, Ga. – Employees of Lockheed Credit Union who are members of the International Association of Machinists Local Lodge 709 are walking a picket line here.

    December 8
  • Performance reports
    Happy Holidays: Two More CUs Announce Bonuses

    MONTGOMERY, Ala. – Two more credit unions have announced year-end bonuses.

    December 8
  • CUJ content
    Senate Rejects Nominee For Consumer Protection Agency

    WASHINGTON – The Senate yesterday declined to hold a full vote on President Barack Obama’s nominee to head up the Consumer Financial Protection Bureau, defeating a cloture motion by a 45-to-53 vote.

    December 8
  • Lending
    DrivingSense Chosen By Eight Credit Unions

    HOUSTON – Auto Financial Group, an online provider of residual-based financing products, said a number of CUs have opted for its DrivingSense balloon loan program, including Anheuser Busch Employees FCU, Congressional FCU, Corning Credit Union, Dupaco Credit Union, Frakenmuth Credit Union, GPO, SeaComm FCU and Security Credit Union.

    December 7
  • Technology
    Three CUs Select MoneyDesktop Solution

    PROVO, Utah – MoneyDesktop, provider of a personalized financial management platform, said three CUs have selected its MoneyDesktop to provide PFM within online banking.

    December 7
  • CUJ content
    Video Highlights NCUA Office of Small CUs

    ALEXANDRIA, Va. – NCUA’s Office of Small Credit Union Initiatives (OSCUI) has released a free training video, “An Introduction to OSCUI.”

    December 7
  • CUJ content
    Bank Regulators Look To Lessen Reliance On Ratings

    WASHINGTON – Federal regulators this week took another step toward lessening banks' reliance on credit ratings by proposing three methods for assessing risk on firms' trading books.

    December 7
  • Branch network
    Branches Being Redesigned To Reflect Local Area

    LEBANON, Ore. – Linn-Co Federal Credit Union has undertaken a renovation of its three branches to reflect the local market’s relationship with the timber industry, local rivers and its status as the “grass-seed king of the world.”

    December 7
  • Payments
    Potential Conflict For Backer Of Balance Transfer Day

    MIAMI – Balance Transfer Day, a Facebook campaign launched in the wake of the highly publicized Bank Transfer Day, has been revealed to not be as independent as the latter’s motivations.

    December 7
  • Lending
    …Moderate Loan Demand Expected To Continue in 2012

    PLANO, Texas – Credit unions can expect moderate loan demand to continue into 2012, according to Brian Turner, director of advisory services for Catalyst Strategic Solutions.

    December 7
  • Lending
    Borrowing Grows Again In October, But…

    WASHINGTON – Americans borrowed more during October to buy cars and attend college, while also charging more on their credit cards, the second straight month consumers have done so, according to the Federal Reserve.

    December 7
  • CUJ content
    Large Banks Close Gap With CUs On ‘Satisfaction’

    DENVER – A new survey of more than 8,000 U.S. bank and credit union customers/members show satisfaction levels remain at their highest at credit unions and small banks, although large banks are showing significant improvement and all institutions are slipping in some areas, according to the 2011 Bank and Credit Union Satisfaction Survey released by Prime Performance.

    December 7
  • Growth strategies
    BECU Sees Continued Member, Loan Growth

    TUKWILA, Wash. – The benefits of the consumer sentiment that led to Bank Transfer Day continue to pour in at $9.6-billion BECU.

    December 7
  • Performance reports
    MECU To Pay Second Bonus of 2011

    BALTIMORE – MECU here said it will pay its members a loan interest rebate of $1.139 million, or 6% of the interest paid on loans between June 25 and Nov. 30 of this year.

    December 7
  • Payments
    Pentagon FCU Piloting CFPB’s Simpler Card Language

    CLEVELAND – The Consumer Financial Protection Bureau is testing a prototype credit card agreement at Pentagon Federal Credit Union that is designed to use simpler, plain language so consumers have a better understanding of the terms.

    December 7
  • CUJ content
    Institute Seeks Answers On Mindsets of Distressed Consumers

    SAN DIEGO – Encore Capital Group of San Diego has established the Consumer Credit Research Institute in an effort to promote financial literacy through a better understanding of distressed customers and the way they make financial decisions.

    December 6
  • CUJ content
    Denver Community CU Opts For CO-OP Member Center

    LAKEWOOD, Colo. – Denver Community Credit Union has begun offering members call center support by utilizing CO-OP Financial Services’ “Member Center.”

    December 6
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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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