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Market Intelligence:
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  • CUJ content
    Large Oregon Merger Terminated

    EUGENE, Ore. – Northwest Community CU and Mid-Oregon CU announced last week they have called off plans to combine and create an $800 million credit union.

    September 18
  • Branch network
    Pennsylvania State Employees CU Breaks Ground On Huge New Headquarters

    HARRISBURG, Penn. – Pennsylvania State Employees CU plans to break ground later this month on a 239,000-square-foot headquarters building that will accommodate as many as 750 of the credit union giant’s employees.

    September 18
  • Technology
    Payday Comes A Day Early For Members Of NASA FCU

    UPPER MARLBORO, Md. – Members of NASA FCU with direct deposit will receive their pay 24 hours early as part of the credit union’s new EarlyAccess Payroll.

    September 18
  • CUJ content
    Credit Union Journal Now On iPad

    WEST PALM BEACH, Fla. - Credit Union Journal has officially unveiled its iPad app.

    September 18
  • Lending
    Troubled Texans CU CUSO Sells Delaware Hotel For $12 Million

    RICHARDSON, Texas – CU Liquidity Services, the CUSO owned by Texans CU that is troubled by far-flung member business lending around the country, sold the DoubleTree Wilmington, a 217-room hotel in Wilmington, Del., last week for $12 million.

    September 18
  • CUJ content
    CDCU Wins First $3 Million Healthy Foods Grant

    NEW ORLEANS – ASI FCU was awarded a $3 million grant Friday from the Treasury’s Community Development Financial Institutions new program to help provide the low-income neighborhoods of New Orleans with access to affordable and nutritious food alternatives to junk food.

    September 18
  • Corporate credit unions
    NCUA Redeems WesCorp CDs

    SAN DIMAS, Calif. – NCUA told members of WesCorp FCU Friday it plans to begin redeeming all of the corporate’s $3 billion in fixed-rate CDs Oct. 3, even as it works to maintain services at the remnants of the one-time $34 billion corporate.

    September 18
  • Corporate credit unions
    Montana, Kansas Corporates To Merge

    ST. LOUIS – The pace is heating up on corporate mergers as the deadline for NCUA minimum capital standards approaches, with members of Missouri Corporate CU and Montana’s Treasure State Corporate CU approving the latest corporate merger.

    September 18
  • Technology
    Network Glitch Shuts CO-OP Financial, Bank ATMs

    SEATTLE – Members at BECU and hundreds of credit unions had their cards rejected at CO-OP Financial ATMs Friday as a result of a disruption in the system at processor Fidelity National Information Systems.

    September 18
  • Technology
    S1 Walks Away From Fundtech

    NORCROSS, Ga. – S1 Corp announced this morning it is terminating its merger agreement with Fundtech in the face of the better offer for the Israeli financial services provider, but won’t walk away cheaply, with Fundtech paying it an $11.9 million break-up fee for termination of the merger.

    September 16
  • CUJ content
    Court Says Uninsured Depositors Sued NCUA Too Late In Spectacular CU Failure

    BRIDGEPORT, Conn. – A federal court yesterday dismissed a suit brought by members of New London Security FCU against NCUA to recover $4 million in denied deposit insurance payments, ruling members of the spectacular 2008 failure missed by just three weeks the deadline to file the suit.

    September 16
  • CUJ content
    ‘Triple Threat Bandit’ Robbed Two CUs, One Bank In 90 Minutes

    LOS ANGELES – A robbery suspect believed to be the “Triple Threat Bandit” who hit two credit unions and one bank during a 90-minute spree last month, surrendered yesterday afternoon after leading police on an hour-long, high-speed chase through Los Angeles and Orange counties following another heist.

    September 15
  • Technology
    Midland CU Opts For Dwolla’s Payment Services

    URBANDALE, Iowa – Urbandale CU has rolled out online, mobile, social and location-based payments solution Dwolla.

    September 15
  • Technology
    Delta County CU Installs eDOC’s CheckLogic Lite

    ESCANABA, Mich. – Delta County CU has deployed its first scanner to begin using CheckLogic Lite, remote merchant capture software from eDOC Innovations.

    September 15
  • CUJ content
    Tarrant County CU Offers Members Hospital Accident Protection

    FORT WORTH, Texas – Tarrant County CU has signed with Institution Solutions to offer the company’s Hospital Accident Protection insurance to members.

    September 15
  • Payments
    Sunstate FCU Signs Processing Deal With Vantiv

    GAINESVILLE, Fla. – Sunstate FCU has signed a single-source card processing contract with Vantiv.

    September 15
  • Branch network
    Belvoir FCU Opens Branch In Pentagon’s BRAC Center

    ALEXANDRIA, Va. – Belvoir FCU, one of the defense credit unions expected to benefit from the Department of Defense’s Base Realignment and Closure procedure, has opened a branch in the DoD’s new BRAC Mark Center Building, which is on Fort Belvoir.

    September 15
  • Payments
    Unitus Community CU Rolls Out Card Customization By Serverside

    PORTLAND, Ore. – Unitus Community CU is the first credit union to offer its members card customization through Member Access Pacific’s new contract with Serverside Group.

    September 15
  • Lending
    Mortgage Rates Keep Falling To Record Lows

    WASHINGTON – Long-term mortgage rates continued to decline this week to their lowest levels on record, according to Freddie Mac.

    September 15
  • Technology
    Fiserv Partners With IMM On Teller Image Capture

    BROOKFIELD, Wis. – Fiserv has teamed with Integrated Media Management to integrate Teller Source Capture from Fiserv with Integrated Media’s Teller Item Capture solutions, allowing more credit unions to use the Teller Source Capture application from Fiserv to capture images and process transactions.

    September 15
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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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