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Market Intelligence:
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  • CUJ content
    Senate Delays Nomination Hearing Of NCUA Candidate

    WASHINGTON – The Senate Banking Committee on Thursday said it has delayed next week’s scheduled confirmation hearing of NCUA nominee Carla Leon-Decker because next Thursday’s hearing is booked with several other nominations, including that of former Federal Reserve Bank of Kansas City President Thomas Hoenig to be to be vice chairman of the FDIC.

    November 10
  • Corporate credit unions
    Iowa Corporate Sets Dissolution Plan

    DES MOINES, Iowa – Iowa Corporate Central CU plans to make a partial distribution to its 140 members before year-end as part of a voluntary liquidation plan approved by the board of the $100-million corporate credit union.

    November 10
  • Growth strategies
    NCUA Board To Vote Large Indiana Charter

    ALEXANDRIA, Va. – The NCUA Board next week will vote on a proposed community expansion for Finance Center FCU to cover about 1.8 million residents of metropolitan Indianapolis, which would be one of the biggest community charters in recent years.

    November 10
  • Performance reports
    Founders FCU Plans $10 Million Member Payout

    LANCASTER, S.C. – Founders FCU is the first credit union to announce a bonus dividend for the year, a $10 million payout.

    November 10
  • Lending
    New Bid To Shed Government Role In Secondary Mortgage Market

    WASHINGTON – Bolstered by exploding losses at Fannie Mae and Freddie Mac, an influential senator introduced legislation today that would privatize the secondary mortgage market and end government guarantees on mortgages and mortgage backed securities.

    November 10
  • CUJ content
    Would-Be Robber Foiled At Cashless CU

    BLOOMINGTON, Ind. – A man with a gun was thwarted in his attempt to hold up a Richfield Bloomington CU branch yesterday when an employee told him there was no cash available.

    November 9
  • Technology
    West Virginia United FCU Adds Dwolla’s Payments Solution

    CHARLESTON, W.Va. – West Virginia United FCU has signed with Dwolla to implement the company’s integration product, FiSync, which offers members an expedited Dwolla sign-up process.

    November 9
  • Technology
    Gulf Coast Educators FCU Launches CU Mobile Apps

    PASADENA, Texas – Gulf Coast Educators FCU has rolled out a new mobile apps smart phone product.

    November 9
  • CUJ content
    Three Hunted In Takeover Robbery At Credit Union Of America

    WICHITA, Kan. – Three masked men assaulted a Credit Union of America branch in south Wichita yesterday and ordered members and employees to the floor at gunpoint, before making off with an undetermined amount of cash.

    November 9
  • Payments
    Philadelphia FCU Signs Card Issuing Deal With Elan Financial

    PHILADELPHIA – Philadelphia FCU yesterday said it signed with U.S. Bancorp’s Elan Financial Services for credit union-branded Visa credit cards with reward options for consumers and businesses.

    November 9
  • Corporate credit unions
    NCUA Sees Lower Corporate Assessment Next Year

    ALEXANDRIA, Va. – NCUA on Wednesday said it expects next year’s corporate credit union assessment to be much less than this year’s 25 basis points, $2 billion charge.

    November 9
  • CUJ content
    Study: Bank Transfer Day Just Start Of Exodus From Big Banks

    NEW YORK – The nation’s 10 largest retail banks are at risk of losing $185 billion of deposits over the next year as customers will look to move primary accounts to community and regional banks that they perceive as being more consumer friendly, according to a new study released yesterday.

    November 9
  • CUJ content
    Senate Banking Committee Sets NCUA Confirmation Hearing

    WASHINGTON – The Senate Banking Committee has scheduled a confirmation hearing on NCUA Board nominee Carla Leon-Decker for next Thursday, Nov. 17, a committee aide confirmed this afternoon.

    November 9
  • CUJ content
    Ex-Wife Testifies Against Alleged Leader In Huge Cleveland CU Fraud

    CLEVELAND – The ex-wife of a reputed Mecedonian crime kingpin charged in the massive fraud that sunk St. Paul Croatian FCU last year has agreed to testify against her husband and forfeit $850,000 in Macedonian bank accounts as part of a plea deal negotiated with federal prosecutors.

    November 9
  • CUJ content
    Loss Widens At Online Resources

    CHANTILLY, Va. – Online Resources Corp. on Tuesday reported third quarter losses increased to $1.7 million, up from $700,000 for the third quarter last year, even as revenues grew by 4%.

    November 8
  • CUJ content
    Fannie Mae Needs Another $7.8 Billion Bailout After Huge Q3 Loss

    WASHINGTON – Mortgage giant Fannie Mae yesterday reported another big third quarter loss of $7.6 billion, which it said will necessitate additional taxpayer assistance of $7.8 billion.

    November 8
  • CUJ content
    Achieva CU Member Wins $10,000 Online Bill Pay Sweeps

    CLEARWATER, Fla. – An Achieva CU member won its $10,000 online bill payment sweepstakes.

    November 8
  • CUJ content
    Sales Specialist At Teachers CU Jailed For $23,000 Embezzlement

    SOUTH BEND, Ind. – A former sales specialist at Teachers CU last week was sentenced to one month in prison and seven months home detention.

    November 8
  • Technology
    Navy Army FCU Chooses VINtek For Electronic Lien Services

    CORPUS CHRISTI, Texas – Navy Army FCU has signed with VINtek to provide it with automotive collateral management and electronic lien title services through the VINtekTime platform.

    November 8
  • CUJ content
    PenFed Member Convicted In $202,000 Check Fraud

    GUAM – A member of Pentagon FCU last week pleaded guilty to check fraud after he deposited a counterfeit $247,000 check into his PenFed account then used it to withdraw $202,090.

    November 8
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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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