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Market Intelligence:
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Industry Data
  • Field of membership
    Credit union regulator moves to quell redlining fears

    The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.

    John Reosti Author Image
    By John Reosti
    Reporter
    October 24
    CUJ-102419-NUCABOARDMEETING (3).jpeg
  • Credit unions
    Worldwide credit union membership rose 5% in 2018

    The 2018 Statistical Report from the World Council of Credit Unions shows the industry continuing to grow, though 80% of global assets are held in North America.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    October 24
    global CU assets - CUJ 102419.jpeg
  • Career moves
    New faces in the office: Professionals on the move

    Northeast Credit Union and Naveo Credit Union both named new branch managers while other institutions promoted employees and brought additional talent on board.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    October 24
    AdobeStock_168373953 (1).jpeg
  • M&A
    Arkansas newspaper credit union preps its last edition

    Arkansas Democrat-Gazette FCU, originally chartered to serve newspaper employees, has received regulatory approval to merge into a larger institution.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    October 24
    CUJ-102319-ARKANSASFCUEARNINGS.jpeg
  • Vendor management
    Is Congress primed to give NCUA additional oversight powers?

    The credit union regulator has spent 20 years asking lawmakers for greater oversight of third-party vendors. Here's why it might finally happen.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    October 24
    Data breaches by year - CUJ 102319.jpeg
  • Law and regulation
    Sherrod Brown slams NCUA chairman's pro-Trump posts

    A letter from the Ohio Democrat claims Rodney Hood, chairman of the National Credit Union Administration, is using social media to "curry favor with the president, seriously compromising the independence of the agency."

    By Melissa Angell
    Reporter
    October 23
    NCUA Chairman Rodney Hood, right, pictured with President Donald Trump in Spring 2019
  • Retirement readiness
    New survey shows Americans afraid of running out of money in retirement

    A poll from AmOne indicates consumers aren't optimistic about their prospects for retirement.

    By Melissa Angell
    Reporter
    October 23
    CUJ-102319-RETIREMENTSAVINGFEELINGS.jpeg
  • Three ways credit unions can boost mortgage market share

    Credit unions have achieved success in areas like auto and consumer loans but there is still room for them to increase their home lending.

    October 23
    Roger Hull
    Roger Hull
    CU Direct
  • AML
    House passes bill to crack down on shell companies

    The Corporate Transparency Act would require companies to report their true owners to the Financial Crimes Enforcement Network, removing the burden of financial institutions to collect beneficial ownership information about their clients.

    Neil Haggerty is the Congress reporter for American Banker.
    By Neil Haggerty
    Reporter
    October 23
    Rep. Carolyn Maloney, D-N.Y.
  • Charter conversions
    Can state charters regain their momentum?

    FCUs are regaining their appeal given the resources NCUA has put into helping de novos and the potential for expanded fields of membership.

    By Michael Bartlett
    October 23
    CUJ 101819-conversions (2).jpeg
  • Succession planning
    Succession plan in place at Financial Plus Credit Union

    The Flint, Mich.-based institution has selected an executive with expertise in fraud prevention and law to take the helm following CEO Marilyn Reno's retirement.

    By Melissa Angell
    Reporter
    October 22
    Brad Bergmooser, incoming CEO of Financial Plus Credit Union. He will start on Jan. 2, 2020.
  • Career moves
    New roles, new responsibilities: Professionals on the move

    Credit Union of America has given some executives additional roles while other institutions have announced new hires and promotions.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    October 22
    AdobeStock_210714262.jpeg
  • Deposits
    Best rates for deposits? Think again

    An analysis of industry data shows CUs are not the leader in that space they have long claimed to be. Here's why that could come back to bite institutions later on.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    October 22
    CUJ-102119-COSTOFINTERESTBEARINGDEPOSITS (1).jpeg
  • Corporate philanthropy
    Pucker up: Credit unions in the community

    TruMark Financial Credit Union raised money for financial literacy with a kiss-a-pig event while other institutions donated to causes such as a food program.

    By Melissa Angell
    Reporter
    October 21
    Trumark CUJ 102119.jpg
  • Deposits
    Week ahead: All eyes on NCUA

    The National Credit Union Administration board is expected to tackle a rule on nonmember shares this week while the House Financial Services Committee will examine Facebook's effect on financial services.

    By Melissa Angell
    Reporter
    October 21
    Capitol Hill, Washington D.C.
  • Why members need digital banking services

    Usage of mobile and online banking services continues to rapidly expand. Here's how credit unions can help members understand the value these sevices offer.

    October 21
    Thea Mason
    Thea Mason
    PenFed
  • Cyber security
    Congress on the verge of expanding NCUA's oversight powers

    Draft legislation would amend the Bank Service Company Act to give the National Credit Union Administration third-party vendor oversight, a power it has been requesting for the better part of two decades.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    October 18
    p19oo7vhet161417so14sord51afef.jpg
  • Corporate philanthropy
    Lunching local: Credit unions in the community

    Dort Federal Credit Union provided a free meal to all of its branch employees for CU Lunch Local while other institutions served their communities in other ways.

    By Melissa Angell
    Reporter
    October 18
    Dort Federal CUJ 101819.jpg
  • Payments
    Consumers value convenience over security for payments: Report

    PSCU also found in its second-annual payments study that Americans were turning to debit cards over credit cards.

    By Michael Bartlett
    October 18
    CUJ 101719-debitcredit (1).jpeg
  • Tax exemptions
    Majority of Americans think large CUs shouldn't be tax exempt: Survey

    A study commissioned by the Florida Bankers Association found that 70% of participants supported Congress requiring CUs with at least $500 million in assets to pay income taxes.

    By Melissa Angell
    Reporter
    October 18
    CUJ-101819-CUTAXSTATUSSURVEY (1).jpeg
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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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