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Market Intelligence:
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  • Growth strategies
    Texas Dow Employees CU Completes Deal For Bluebonnet CU

    LAKE JACKSON, Texas – Texas Dow Employees CU has completed the merger of Bluebonnet CU, one of two Houston credit unions it is acquiring.

    October 4
  • Growth strategies
    Denver’s Public Service CU Expands In Northern Colorado

    DENVER – Public Service CU has added more than 900,000 residents in two northern Colorado counties to its field of membership.

    October 4
  • Compliance
    Financial Resources FCU Opts For ComplianceOne For MBLs

    BRIDGEWATER, N.J. – Financial Resources FCU has installed Wolters Kluwer Financial Services’ ComplianceOne solution to help document its member business lending transactions.

    October 4
  • Technology
    Pacific Marine CU Adds DocuSign’s e-Docs Solution

    CAMP PENDLETON, Calif. – Pacific Marine CU has implemented DocuSign’s integrated solution with MeridianLink for electronic account openings and loan applications.

    October 4
  • Branch network
    ATMs Shut Down After Air Conditioning Fails

    CHARLESTON, S.C. – The brief failure of two air conditioning systems responsible for keeping a computer network in Summerville from overheating took Heritage Trust FCU’s ATMs offline Saturday morning.

    October 4
  • Compliance
    NCUA Examiners Slow To Downgrade Troubled CUs

    ALEXANDRIA, Va. – An internal report issued yesterday by NCUA said the agency’s examiners are negligent in enforcing supervisory agreements, resulting in the failure of numerous CAMEL 1 and CAMEL 2 credit unions over the past few years.

    October 4
  • Payments
    PenFed Scraps Foreign Transaction Fees On All Credit Cards

    ALEXANDRIA, Va. – Pentagon FCU, which has been aggressively cutting fees on its cards and mortgage programs over the past 12 months, on Tuesday said it is eliminating the foreign transaction fee from the remainder of its credit card programs currently available in its card portfolio.

    October 4
  • CUJ content
    Alaska USA FCU Swells With Annual State Dividend

    ANCHORAGE, Alaska – Alaska USA FCU is staffing up tonight and through the end of the week to handle as much as $280 million of new member funds passing through as part of the annual dividend from Alaska’s Permanent Fund.

    October 4
  • CUJ content
    Dupaco Community CU’s Bob Hoefer Ends 47 Years Service

    DUBUQUE, Iowa – Dupaco Community CU announced this morning that its well-known president and CEO Bob Hoefer is retiring after 47 years with the credit union he built to almost $1 billionm, and will be succeeded by Joe Hearn, the credit union’s chief operating officer.

    October 4
  • CUJ content
    New CU Is Stepping Stone To Low-Income Services In Delaware

    WILMINGTON, Del. – NCUA said this morning it approved a charter for Stepping Stones FCU, the first new credit union of the year, continuing a dearth of new charters.

    October 4
  • CUJ content
    FHLB Texas Rolls Out New Grant Program For Vets

    DALLAS – The Federal Home Loan Bank of Dallas has introduced a new home modification grant program for veterans.

    October 3
  • CUJ content
    Securian Acquires BofA’s Life Insurance Units

    ST. PAUL, Minn. – Securian Financial Group completed the purchase of Balboa Life Insurance Company and Balboa Life Insurance Company of New York from a subsidiary of Bank of America.

    October 3
  • CUJ content
    MSU FCU’s Annual ‘Dinosaur Dash’ Raises $25,000 For Museum

    EAST LANSING, Mich. – Sunday’s Michigan State University FCU annual 5K Dinosaur Dash race raised $25,000 for the MSU Museum.

    October 3
  • Branch network
    Unity One CU Opens High School Branch

    FORT WORTH, Texas – Unity One CU is opening a new student-run branch Friday at Fossil Ridge High School here.

    October 3
  • Growth strategies
    Eaton Family CU Expands To Serve All Cuyahoga County

    EUCLID, Ohio – Eaton Family CU has received approval from state regulators to expand its field of membership to serve all 1.3 million residents of Cuyahoga County (Cleveland).

    October 3
  • CUJ content
    Teller Recognized CU Robber While Shopping

    MEMPHIS, Tenn. – An alert-eyed teller saw a familiar face while she was out shopping last week – the face of the man who had robbed her at First Financial South CU the previous day.

    October 3
  • Lending
    Financial Resources FCU Launches Small Business Lending

    BRIDGEWATER, N.J. – Financial Resources FCU has completed its first Patriot Express loan under the Small Business Administration’s pilot loan initiative aimed at helping veterans and members of the military community establish or expand small businesses.

    October 3
  • Payments
    Randolph-Brooks FCU Boosts Debit Rewards

    LIVE OAK, Texas – Randolph-Brooks FCU said it is has increased incentives to use its debit card by paying members 15 cents cash back on every debit card purchase through the end of the year.

    October 3
  • CUJ content
    Court Advances Fraud Suit In Spectacular Failure Of Michigan CU

    FORT MYERS, Fla. – A federal court denied a motion by NCUA to dismiss claims from real estate investors all over the country alleging they were duped by now-defunct Huron River Area FCU into buying speculative real estate plots in southwest Florida.

    October 3
  • CUJ content
    Tech CU To Convert To Bank

    SAN JOSE, Calif. – Technology CU has applied to NCUA to convert to a mutual savings bank, which, at $1.5 billion, would be the biggest ever credit union conversion to bank.

    October 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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