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Market Intelligence:
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  • Growth strategies
    Credit Union Of Southern California Eyes New Merger

    BREA, Calif. – Credit Union of Southern California, in the process of integrating Pomona’s Inland Empire CU after this summer’s acquisition of the $40-million credit union, has applied to state regulators to add North Orange County CU.

    November 8
  • Lending
    Focus Now On Getting Loans From New Sign-Ups

    NEW ORLEANS – As the surge of new member sign-ups passes, credit unions are now looking to boost loans among those same new members.

    November 8
  • CUJ content
    Restraint Urged In NCUA Spending

    ALEXANDRIA, Va. – NAFCU called on NCUA to freeze the agency’s budget and look for new opportunities to cut spending after two years of big spending increases that increased the agency’s budget by a whopping $45 million, or 27%.

    November 8
  • CUJ content
    Bank Transfer Day Yields 40,000 New CU Members

    WASHINGTON – CUNA said this afternoon that credit unions added an estimated 40,000 new members and as much as $80 million in new deposits on Saturday, Bank Transfer Day.

    November 8
  • Technology
    Suncoast Schools FCU Upgrades ATM Fleet With 94 New Diebold Optevas

    TAMPA, Fla. – Suncoast Schools FCU said this morning it replaced 94 of its ATMs with advanced automation Diebold Opteva ATMs featuring rapid processing technology and Agilis 3, Diebold's newest, multi-vendor software solution.

    November 8
  • CUJ content
    Credit Union ONE Grants $67,000 In College Scholarships

    FERNDALE, Mich. – Credit Union ONE awarded $67,000 in scholarships to Oakland University Honors College students.

    November 7
  • CUJ content
    Alliant CU Donates $40,000 In Social Media Campaign

    CHICAGO – Alliant CU on Monday said its Alliant CU Foundation awarded $40,000 in grants to four charities chosen by voters on a Facebook election.

    November 7
  • CUJ content
    Whatcom Educational CU Gives $18,000 To Local Non-Profits

    BELLINGHAM, Wash. – Whatcom Education CU has donated $17,648 to 10 local non-profit organizations as part of its annual social responsibility campaign.

    November 7
  • Branch network
    Benchmark FCU Joins Pennsylvania Shared Branching

    WEST CHESTER, Penn. – Benchmark FCU has joined the Pennsylvania CU Service Centers, adding its four branches to the local shared branch network.

    November 7
  • CUJ content
    CEO Ends 40 Years At Northwest FCU

    HERNDON, Va. – Northwest FCU yesterday announced its CEO of the past five years, Gerrianne “Winky” Burks, is retiring after 40 years working for the $2-billion credit union.

    November 7
  • Performance reports
    Troubled Chetco FCU Teeters On Brink

    HARBOR, Ore. – NCUA reported that additional loan losses provisions for Chetco FCU created a $13.7 million loss at the troubled credit union, leaving the one-time $375-million credit union with slightly more than 1% net worth at the end of the third quarter.

    November 7
  • CUJ content
    Federal Reserve Hacker Jailed For 10 Years

    NEW YORK – A Malaysian man who was arrested at Kennedy Airport with some 120,000 credit card accounts on his laptop less than two hours after he entered the U.S. last year, was sentenced Friday to 10 years in jail for hacking into computer systems at the Federal Reserve and credit union processor FedComp.

    November 7
  • CUJ content
    S1 Reports Strong Final Earnings

    ATLANTA – S1 Corp., in the process of being acquired by ACI Worldwide, on Monday said 15% growth in revenues fueled a 10-fold increase in third quarter earnings to $8 million, up from just $892,000 for the third quarter last year.

    November 7
  • CUJ content
    Cardtronics Soars On New Acquisitions, One-Time Charges

    HOUSTON – Rapidly expanding Cardtronics, the key electronic funds switch for credit unions, reported a 126% surge in third quarter earnings yesterday, due to continued growth in revenues and one-time charges.

    November 7
  • Payments
    Judge Approves $410 Million B of A Settlement For Debit Overcharges

    MIAMI – A federal judge on Monday gave final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank of America customers who had debit card overdrafts during the past decade.

    November 7
  • Lending
    Lending Officers: Compliance Is Thwarting Loans

    NEW ORLEANS – If lending is to make any kind of comeback in the next year, credit unions will need to find a way to deal with the growing compliance burden, and do a better job of keeping the loans they already have.

    November 7
  • Growth strategies
    Bank Transfer Day Reaps Solid Membership Gains Around Country

    BETHPAGE, N.Y. – Credit unions around the country are reporting their best one-day membership gains for Saturday’s Bank Transfer Day, with hopes the momentum will continue building in the coming weeks and months.

    November 7
  • Cards
    PSCU Financial Launches Online Rewards Mall

    ST. PETERSBURG, Fla. – PSCU Financial Services has expanded its CURewards program by adding a new merchant-funded online shopping function called CURwards Mall, in time for holiday shopping season.

    November 7
  • CUJ content
    New Mazuma CU CEO Was Born To Lead A CU

    KANSAS CITY – Mazuma CU announced this morning it promoted its chief financial officer Brandon Michaels to be president of the $450 million credit union, believed to be the first third-generation credit union CEO.

    November 7
  • CUJ content
    AACUC Reps At MLK Dedication

    WASHINGTON-Representatives of the African-American Credit Union Council were in attendance at the dedication ceremony for the new Martin Luther King Memorial on the National Mall here.

    November 7
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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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