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Market Intelligence:
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  • CUJ content
    Embattled CEO Resigns From Hawaii State FCU

    HONOLULU -- The president of Hawaii State FCU has resigned, the latest fall-out of governance turmoil at the state’s second largest credit union that claimed the chairman of the board earlier this year.

    November 16
  • Performance reports
    Air Academy FCU Lays Off 19 Employees

    COLORADO SPRINGS, Colo. -- Air Academy FCU laid off 19 employee, last week as a result of a slowdown in home lending and a restructuring program aimed at offering services online that has resulted in the closure of four branches.

    November 15
  • Performance reports
    Mitek Falls On New Losses

    SAN DIEGO – Shares in Mitek Systems declined almost 7% yesterday after the provider of mobile banking services reported a $219,000 loss for the fourth quarter.

    November 15
  • Branch network
    Sunmark FCU Joins New York’s UsNet Shared Branch Network

    SCHENECTADY, N.Y. – Sunmark FCU said it has joined the Universal Sharing Network, the shared branch network in New York.

    November 15
  • Technology
    The Summit FCU Launches Mobile Platform

    ROCHESTER, N.Y. – The Summit FCU has rolled out mobile banking for its members.

    November 15
  • Technology
    LG&W FCU Selects TRC Interactive For Online Training

    MEMPHIS, Tenn. – LG&W FCU has chosen has selected TRC Interactive to deliver online instruction through CreditUnionTrainingOnline.

    November 15
  • Technology
    Tobyhanna FCU Adds AnyHour Solutions Call Center Services

    SCRANTON, Penn. – Tobyhanna FCU has signed with AnyHour Solutions for the company’s 24x7 call center solution.

    November 15
  • CUJ content
    Boston’s Metro CU Acquires Another Local CU

    CHELSEA, Mass. – Metro CU, which recently entered 14 area college campuses with the acquisition of Boston’s University CU, said yesterday it has completed the acquisition of Secure CU, a $30 million credit union in the Boston suburb of Melrose.

    November 15
  • CUJ content
    FORUM CU Promotes For New CEO

    INDIANAPOLIS – FORUM CU announced yesterday it promoted Doug True, its chief lending and technology officer, as president of the $940 million credit union.

    November 15
  • Corporate credit unions
    Members Clear Virginia Corporate Merger Into Mid-Atlantic Corporate FCU

    MIDDLETON, Penn. – Members of both Mid-Atlantic Corporate FCU and Virginia Corporate FCU have approved the combination of the two entities, creating a corporate credit union serving some 800 credit unions with $4 billion in assets.

    November 15
  • Lending
    Start-Up cuautocoupon Launches ‘Car Coupons’

    HAUPPAUGE, N.Y. – cuatocoupon Inc., a company formed here to drive more business to credit unions and auto dealerships, is offering credit union members discounts when purchasing a new or pre-owned vehicle through a unique automotive coupon program.

    November 15
  • CUJ content
    Turn-About Is Fair Play: CUs Take Aim At Bank Tax Exemption

    WASHINGTON – Top credit union lobbyists will ask Congress this morning to think twice before vastly expanding the number of tax-exempt Subchapter S banks by studying the effects of the new tax breaks on consumers and the U.S. budget deficit.

    November 15
  • Corporate credit unions
    NCUA Stiffens Resolve Against WesCorp Figures

    LOS ANGELES – NCUA told a federal court here yesterday it should not be required to indemnify or pay hundreds of thousands of dollars in legal fees for the defense of top executives of WesCorp FCU it is suing unless or until the executives prove they were not responsible for the failure of the one-time $34 billion corporate credit union.

    November 15
  • Performance reports
    DFCU Financial Announces Biggest CU Payout Ever

    DEARBORN, Mich. –DFCU Financial, the one-time auto workers credit union, announced a $21 million special patronage dividend this morning, the biggest ever for credit unions.

    November 15
  • CUJ content
    Footprints Lead To Robbery Suspect

    OGDEN, Utah -- Police captured a credit union robber Saturday after they followed his snowy footprints right up to the door of an Ogden apartment where he was trying to hide with the stolen cash.

    November 14
  • CUJ content
    Ex-CEO Sanctioned By NCUA For Stealing From Dormant Accounts

    ALEXANDRIA, Va. – The former manager of a small defunct Houston credit union was barred from the industry by NCUA yesterday for stealing $56,862 from dormant accounts at the tiny credit union, now part of giant San Antonio FCU.

    November 14
  • CUJ content
    Diamond CU Raises $70,000 For American Cancer Society

    POTTSTOWN, Penn. -- Diamond CU donated $70,000 to the American Cancer Society through the annual Relay For Life.

    November 14
  • CUJ content
    Access First FCU Gives Away Free Shoes To Need Families

    MATTAWAN, Mich. -- Access First FCU created “shoe store” in the local township hall offices to hand out more than 300 pairs of new shoes and boots to more than 100 families.

    November 14
  • Branch network
    1st Ed CU Joins Pennsylvania’s Shared Branch Network

    CHAMBERSBURG, Penn. -- 1st Ed CU is now live on the PaCUSC shared branching network, so its members can now go to other shared branching locations.

    November 14
  • Technology
    Enrichment FCU Adds Mobile Banking From Member Service Solutions

    OAK RIDGE, Tenn. – Enrichment FCU has launched a new mobile solution from Member Service Solutions, LLC. called CU Mobile Apps.

    November 14
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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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