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Market Intelligence:
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  • Lending
    North Island CU Adds CRIF ACTion Loan Origination System

    SAN DIGEO – North Island CU signed with CRIF Lending Solutions to implement the company’s CRIF ACTion origination system for consumer, business and merchant lending, and account opening.

    November 20
  • Branch network
    Navy FCU Relocates Flagship Kitsap County Branch

    SILVERDALE, Wash. -- Navy FCU is moving its flagship branch here and is leaving its leased quarters for a credit union-owned 7,600-square-foot building.

    November 20
  • CUJ content
    Member Charged With ‘Double-Dipping’ Identity Fraud From Advantis CU

    PORTLAND, Ore. – A Man who posed on Facebook with cash overflowing his pockets and his friend were charged with identity theft after the two pretended the friend’s debit card was stolen and they charged up tens of thousands of dollars on his Advantis CU account.

    November 20
  • CUJ content
    Family Claims $10,000 Redwood CU ‘Amazing Savers’ Prize

    SANTA ROSA, Calif. – A family who recently moved from Los Angeles so their infant son could grow up in rural Sonoma County won $10,000 last week in Redwood CU’s inaugural Amazing Savers contest.

    November 20
  • CUJ content
    America’s Christian CU Makes It Snow In Los Angeles

    GLENDORA, Calif. – Shoppers in this Los Angeles suburb will be able to experience a Christmas snow and join a snowball fight in two weeks during America’s Christian CU’s annual Snow Day.

    November 20
  • Technology
    'Concierge' Eases Pain Of Switching Accounts

    SAN DIEGO-Recognizing that switching electronic payments is a painful manual process, California Coast CU provides a "concierge" service to new members, said Donna Johnson, senior marketing specialist at the $1.6-billion CU here.

    November 18
  • Technology
    Taking Some of the 'Daunting' Out of a Daunting Task

    INDIANAPOLIS, Ind.-Impact analysis is "a daunting task," said William Hord, VP-enterprise risk management (ERM) at Finance Center FCU here.

    November 18
  • Growth strategies
    CU Triples New Sign-Ups

    RENO, Nev.-Dennis Flannigan, president and CEO of $103-million Great Basin CU in Reno, Nev., said on normal Saturday it might get five or six new accounts, but on Nov. 5 it had 18 new accounts plus six current members added checking accounts.

    November 18
  • Growth strategies
    'Shred Your Card' Here

    SAN DIEGO-San Diego County Credit Union combined Bank Transfer Day with a "Shred Your Big Bank Debit Card" promotion.

    November 18
  • Growth strategies
    Saturday Hours Pay Off

    VENTURA, Calif.-The $542-million Ventura County CU opened 315 new accounts on Bank Transfer Day. The credit union is usually closed on Saturdays, but increased its hours in response to consumer demand.

    November 18
  • Growth strategies
    A 'Golden' Opportunity

    SACRAMENTO, Calif.-The Golden 1 Credit Union is reporting "tremendous" growth in membership and new checking accounts since the beginning of October following the BofA debit fee announcement. Scott Ingram, SVP of marketing for the $7.4-billion CU, said, "We had a great Bank Transfer Day."

    November 18
  • Growth strategies
    Member Recruits At BofA Branch

    MANHATTAN BEACH, Calif.-The $3.3-billion Kinecta FCU saw a lot of activity on Bank Transfer Day, much of it from one determined member.

    November 18
  • Growth strategies
    90K New Members In California

    RANCHO CUCAMONGA, Calif.-Henry Kertman, a spokesman for the California and Nevada CU Leagues, noted CUNA estimated California has had the largest number of new members for any state since Sept. 29: 90,000 and $624 million in new deposits. He said the leagues estimate credit unions have been seeing 2.5 times the average number of new member sign-ups per week.

    November 18
  • CUJ content
    Fledgling CDCU Helps Self To Bank Of America Deposits

    SAN JOSE, Calif. – In the biggest gain associated with Bank Transfer Day, a local church, angry over the mortgage foreclosure practices at Bank of America, agreed to withdraw $3 million in funds from the banking giant and deposit them with a local community development credit union, Self-Help FCU.

    November 18
  • Lending
    Filene Loan Innovation Gets LIFT-Off

    MADISON, Wis. – Astronaut Janet Kavandi helped kick-off a pilot loan program with which five credit unions will provide financial incentives to subprime auto borrowers to encourage them to make timely payments and pay off their loans sooner.

    November 17
  • CUJ content
    SNL Financial Buys Datatrac’s Interest Rate Products

    CHARLOTTSEVILLE, Va. – SNL Financial announced yesterday it has acquired Datatrac’s popular Interest Rate Products, which track rates for savings and loans for more than 8,000 financial institutions, including 1,000 credit unions.

    November 17
  • Technology
    Open Solutions To Offer Yodlee’s FinApp

    GLASTONBURY, Conn. – Open Solutions Inc. announced a deal yesterday that will give its credit union clients access to the FinApp system from Yodlee.

    November 17
  • CUJ content
    Columbia CU Donates $60,000 To University’s Engineering Building

    VANCOUVER, Wash. – Columbia CU has contributed $60,000 to the new Washington State University Vancouver Engineering and Computer Science.

    November 17
  • Technology
    CarePoint FCU Implements TRC Interactive’s Online Training

    ANAHEIM, Calif. -- CarePoint FCU has signed with TRC Interactive to implement the company’s online instruction through CreditUnionTrainingOnline for its credit union-wide training needs.

    November 17
  • CUJ content
    Texas Dow Employees CU Forms Holding Company To House Four CUSOs

    LAKE JACKSON, Texas -- Texas Dow Employees CU said this week it created a holding company to manage its four subsidiary CUSOs.

    November 17
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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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