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Market Intelligence:
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  • CUJ content
    NCUA Hires CU Veteran To Work Out Troubled Chetco FCU

    HARBOR, Ore. – NCUA said it has hired Gary Jester, a work-out specialist who headed troubled Rapid City Telco FCU from August 2010 to June 2011, to run troubled Chetco FCU as conservator.

    September 28
  • Corporate credit unions
    Missouri Corporate CU Is Over-Subscribed For New Capital

    ST. LOUIS – Missouri Corporate CU said its members have exceeded its capital call of $17.5 million, which will allow it to retain $20 million in perpetual contributed capital and return $2.6 million of the over-subscription to members.

    September 28
  • Corporate credit unions
    Corporate America CU Launches Debit/Credit Card Services

    IRONDALE, Ala. – Corporate America CU on Wednesday said it will begin offering debit and credit card services to its member credit unions through a new partnership with PSCU Financial Services.

    September 28
  • CUJ content
    Purported Crime Figure Held In St. Paul Croatian FCU Fraud

    CLEVELAND – Authorities said a purported Albanian crime leader charged in last year’s failure of St. Paul Croatian FCU is being held in jail while he awaits trial on the massive fraud that sunk the one-time $240-million credit union.

    September 28
  • Corporate credit unions
    NCUA Failed To Spot Southwest Corporate FCU’s High Concentration Of Risky MBS

    ALEXANDRIA, Va. – An internal report issued by NCUA this afternoon said the agency’s Office of Corporate CUs failed to identify the Texas corporate’s high concentration of investments, which led to the 2010 failure of the one-time $12 billion corporate.

    September 28
  • CUJ content
    ACI Worldwide Extends Hostile Takeover Offer For S1

    NEW YORK – ACI Worldwide, rebuffed in its bid to acquire S1 Corp., said this morning it has extended its hostile takeover offer for the credit union service provider until Oct. 31.

    September 28
  • CUJ content
    UNCLE CU Names CU Veteran As CEO

    LIVERMORE, Calif. – UNCLE CU has hired Harold Roundtree, senior vice president retail banking at nearby Technology CU, as president and CEO of the $235-million credit union.

    September 27
  • CUJ content
    Fran Muto, President Of Pennsylvania’s People First FCU, Dies

    ALLENTOWN, Penn. – The credit union community is mourning this week’s loss of Fran Muto, recently retired president of $380-million credit union People First FCU since 1974.

    September 27
  • CUJ content
    Arizona State CU Awards $34,000 In College Scholarships

    PHOENIX – Arizona State CU granted $34,000 to 18 students and alumni of Arizona universities and colleges through its Community Leaders Scholarship and Loan Reduction Grant program.

    September 27
  • CUJ content
    Advantis CU Launches $50,000 Community Grant Program

    PORTLAND, Ore. – Advantis CU said yesterday it will be offering $50,000 in grants to local non-profits through a new Advantis Grow Fund.

    September 27
  • CUJ content
    Members Go Star Gazing At Linn-Co FCU

    LEBANON, Ore. – Members of Linn-Co FCU are invited to look to the stars Saturday during the credit union’s 12th annual Star Gazing Extravaganza at a local golf course.

    September 27
  • Growth strategies
    Tiny St. Louis CU Seeks Big FOM

    ST. LOUIS – St. Bernadette CU has applied to state regulators to serve all 1 million residents of surrounding St. Louis County.

    September 27
  • Branch network
    Visions FCU Opens Branch In High School Lobby

    ENDICOTT, N.Y. – Visions FCU opened a branch in the lobby of Union-Endicott High School, the first student-run credit union branch in Broome County.

    September 27
  • Payments
    EXTRA CU Sells Card Portfolio To TMG Financial

    WARREN, Mich. – EXTRA CU has sold its $16-million credit card portfolio to TMG Financial Services.

    September 27
  • CUJ content
    Dow Louisiana FCU Automates Claim Filing With IMM

    PLAQUEMINE, La. – Dow Louisiana FCU has automated the transport of insurance documents with the integration between Integrated Media Management's TotaleAtlas solution and CUNA Mutual Group.

    September 27
  • Technology
    Consumers CU Inks Merchant RDC Deal With VSoft

    LAKE COUNTY, Ill. – Consumers CU has signed with VSoft to implement the company’s merchant remote deposit capture, home/office and mobile RDC, and branch item capture solutions.

    September 27
  • CUJ content
    Burglars Drain On-Campus Spokane Teachers CU ATM

    CHENEY, Wash. – Police are searching for thieves who broke into the Pence Student Union on the Eastern Washington University campus early last Wednesday morning and emptied an ATM owned by Spokane Teachers CU.

    September 27
  • Lending
    ACUMA: Many Methods To Increase Mortgage Share

    LAS VEGAS – Marketing to single females and hosting home buying seminars are just two of several ways credit unions can capture mortgage loans, according to experts who spoke at the America Credit Union Mortgage Association’s Annual Conference here Tuesday.

    September 27
  • CUJ content
    CEO Pleads Guilty To Huge Cleveland CU Fraud

    CLEVELAND – The CEO of defunct St. Paul Croatian FCU on Tuesday pleaded guilty to orchestrating a huge loan scheme that sunk the one-time $240-million credit union at a cost of $170 million,

    September 27
  • Compliance
    CUs Lobby For Carve-Out From Fed’s Remittance Rule

    WASHINGTON – Credit unions are asking the Federal Reserve to exempt them from stiff new disclosure requirements on international remittances, one of the dozens of provisions included in the Dodd-Frank Act the Fed must implement.

    September 27
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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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