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Market Intelligence:
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  • Growth strategies
    Washington’s Horizon CU Acquires Montana First CU

    SPOKANE, Wash. – Horizon CU is acquiring $63-million Montana First CU to create a $480-million inter-state credit union.

    November 6
  • Growth strategies
    Mixed Bag For Some CUs On Bank Transfer Day

    HARRISBURG, Penn. – Other credit unions also reported strong increases in traffic and interest, although at least one called Bank Transfer Day a “bust.” Separately, Credit Union Journal has uploaded a number of photos related to Bank Transfer Day on its Facebook page.

    November 6
  • Growth strategies
    CDCUs Team With Occupy Wall Street On Bank Transfer Day

    WALL STREET – The month-long Occupy Wall Street demonstration continued to bear fruit for local credit unions, with representatives from four nearby community development credit unions on hand at the Zuccoti Park protests Saturday helping participants and passersby join a credit union.

    November 6
  • Growth strategies
    Consumers Flock To CUs On Bank Transfer Day

    SEATTLE – Thousands of consumers lined up waiting for a credit union to open Saturday morning, prompting hundreds of credit unions to stage special weekend hours as the most fertile month of member recruitment culminated in Bank Transfer Day.

    November 6
  • Payments
    CUs Laud Results From Revamped Debit Tool

    GREENWOOD, Colo.-Two credit unions looking for more life out of their debit card programs say they have had great success with CO-OP Total Revelation, a portfolio management solution from CO-OP Financial Services.

    November 4
  • Payments
    Don't Underestimate 'Hassle Factor'

    DEL AIRE, Calif. — Neil Goldman, CEO of Goldman Consulting & Strategy and a contributor to Credit Union Journal, suggested that there will still be a "tremendous migration" away from the big banks because the trust factor has been broken.

    November 4
  • CUJ content
    Lake Trust CU Member Wins Four World Series Tickets

    GRAND HAVEN, Mich. – A member of Lake Trust CU and big baseball fan won four tickets to Game Four of the World Series in Texas as part of the MasterCard Debit Card Sweepstakes.

    November 3
  • Growth strategies
    Wisconsin’s First Community CU Acquires Rock County Employees CU

    BELOIT, Wis. – First Community CU has agreed to merge into it Rock County Employees CU, a $2-million credit union in nearby Janesville.

    November 3
  • Growth strategies
    Michigan Merger Creates $400-Million CU

    ST. JOSEPH, Mich. – Honor CU has agreed to merge into it Kalamazoo-based Allegis CU, creating a $400-million credit union.

    November 3
  • Branch network
    Mississippi Community Gets Hope CU Branch After Bank Departs

    JACKSON, Miss. – Hope CU has opened a full-service branch in nearby Utica, two months after BancorpSouth, the town’s only bank, closed its branch there.

    November 3
  • Growth strategies
    Texas Trust CU Offers $155 For New Checking Accounts

    MANSFIELD, Texas – Texas Trust CU is offering a cure for what it is calling the FEE Syndrome associated with large banks: a $155 payment when consumers open a Free & Flexible checking account.

    November 3
  • Lending
    Mortgage Rates Fall Back To New Depths

    WASHINGTON – The average rate for the 30-year mortgage fell this week to a 4%, almost matching a record low of a month ago, according to Freddie Mac.

    November 3
  • CUJ content
    Two CUs Agree To Use Shortened Checking Fee Disclosure

    WASHINGTON – Two senators on Thursday asked the Consumer Financial Protection Bureau to require credit unions and banks to provide members/customers with a simple, one-page form listing all their checking account fees.

    November 3
  • CUJ content
    Fair Isaac Surges After Big Jump In Earnings

    MINNEAPOLIS – Shares in Fair Isaac & Co., soared more than 25% yesterday after the provider of the ubiquitous FICO score reported a 56% rise in fiscal fourth quarter earnings to $24.6 million.

    November 3
  • CUJ content
    Cardtronics Expands Into Canada

    HOUSTON – Cardtronics, the nation’s largest operator of ATMs, yesterday agreed to acquire Mr. Cash ATM Network Inc., an operator of more than 600 ATMs in Canada, as a launching pad north of the border.

    November 3
  • CUJ content
    Harland Clarke Slowed By Continued Decline In Checks

    SAN ANTONIO – Check printer Harland Clarke, in the process of going private, said a one-time gain helped stem the continued fall in its core checks business, helping it post a $46.6 million net for the third quarter, up 69% from the same quarter last year.

    November 3
  • CUJ content
    Huge Losses Continue To Mount At Freddie Mac

    WASHINGTON – Freddie Mac on Thursday said the mortgage crisis continues to bathe it in red ink with third quarter losses growing to $6 billion, from $4.1 billion for the same period last year.

    November 3
  • CUJ content
    National Ad Campaign Urges ‘Ditch Your Bank’

    RANCHO CUCAMONA, Calif. -- CO-OP Financial Services, the credit union-owned electronic funds network, is running print ads in some of the nation’s most widely read publications urging bank customers to transfer to a credit union.

    November 3
  • CUJ content
    Bank Customers Flee To CUs

    WASHINGTON – An estimated 650,000 consumers have closed their bank accounts and opted for credit union membership over the past four weeks, according to CUNA, bringing the approach to Saturday’s Bank Transfer Day to a crescendo.

    November 3
  • Performance reports
    Losses Continue To Mount At Nevada’s Troubled Silver State Schools CU

    LAS VEGAS – Troubled Silver State Schools CU, under a supervisory agreement with state regulators, reported third quarter losses yesterday of $2.7 million, creating a $5.5 loss for the year and further jeopardizing a $22.8 million emergency infusion of capital provided to it by its private deposit insurer ASI Inc.

    November 3
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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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