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Market Intelligence:
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  • Corporate credit unions
    NCUA Approves Southwest Corporate/Georgia Corporate Merger

    ALEXANDRIA, Va. – NCUA this afternoon approved the combination of Southwest Corporate (Bridge) FCU with Georgia Corporate FCU, one of half-dozen pending corporate mergers.

    August 29
  • CUJ content
    NCUA Delivers $2 Billion Bill for the Corporates

    ALEXANDRIA, Va. — NCUA said this afternoon a $2 billion, or 25 basis points, charge to pay this year's corporate credit union assessments will drive as many as 1,648 credit unions into the red for the third quarter and an estimated 811 into negative territory for the year.

    August 29
  • CUJ content
    American Airlines FCU Donates $50,000 To Children’s Miracle Network

    FORT WORTH, Texas – American Airlines FCU presented Children’s Miracle Network Hospitals with a $50,000 donation as a result of the 15th Annual American Airlines Federal Credit Union Golf Tournament.

    August 28
  • Branch network
    Alaska USA FCU Opens Branch Inside Vons Supermarket

    BARSTOW, Calif. – Alaska USA FCU is building a branch inside a Vons supermarket to be closer to its members.

    August 28
  • Branch network
    U.S. FCU Sells Offices For $2.7 Million

    MINNETONKA, Minn. – U.S. FCU has agreed to sell its 30,000-square-foot office building on Wayzata Blvd. for $2.7 million.

    August 28
  • Growth strategies
    Maine’s CUs To Hit Fall Airwaves

    AUGUSTA, Maine – Maine’s CU will continue their media campaign this fall with radio spots promoting their SURF ATM and shared branching network.

    August 28
  • CUJ content
    Members Approve Washington Merger

    YAKIMA, Wash. – Members of Yakima Valley CU approved the credit union’s combining with Catholic CU to create a $470 million institution serving almost 50,000 members.

    August 28
  • CUJ content
    NCUA Clears More Big Mergers

    ALEXANDRIA, Va. – NCUA on Friday reported it approved the combination of $1.3 billion Apple FCU in Fairfax, Va., with Synergy One FCU, an ailing $185 million credit union in nearby Manassas, Va.

    August 28
  • Growth strategies
    Hickam FCU To Serve All Of Oahu

    HONOLULU – Hickam FCU was approved by NCUA to expand outside its core military field of membership and the local community to serve all 950,000 residents of the island of Oahu.

    August 28
  • Lending
    Alliant CU Enters MBL Market

    CHICAGO – Alliant CU is moving into commercial lending and plans to make commercial loans for up to $10 million.

    August 28
  • Lending
    Fannie Mae Settles With Biggest Victims Of CU National Fraud

    WASHINGTON – Fannie Mae has agreed to settle multi-million dollar claims brought by several of the biggest victims of the massive CU National mortgage fraud, more than two years after the scandal brought down the largest independent mortgage bank for credit unions.

    August 28
  • Lending
    ASI FCU Pilots New Microloan Model

    NEW ORLEANS – ASI FCU is partnering with Good Work Network and Kiva.org to launch Kiva New Orleans, a first-of-its-kind program that enables locals in the community to support rebuilding the New Orleans economy by making microloans to local small businesses.

    August 28
  • CUJ content
    NCUA Bars Popular Tool To Tweak Scofflaw Borrowers

    ENDICOTT, N.Y. – NCUA has told at least one credit union to cease using a popular method of encouraging scofflaw lenders to pay up by publishing their names in notices or newsletters calling for their expulsion from the credit union in a special meeting of members.

    August 28
  • CUJ content
    Baxter CU Exec To Head Maryland/DC League

    COLUMBIA, Md. – The Maryland and DC CU Association has hired John Bratsakis, senior vice president at $1.5 billion Baxter CU in Illinois, as its president and CEO.

    August 26
  • CUJ content
    ‘Smurf Bandit’ Guilty In Three Navy FCU Heists

    SAN DIEGO – A prison parolee known as the “Smurf Bandit” on Thursday confessed that he robbed three banks, including two Navy FCU branches, and tried rob another Navy branch last spring.

    August 25
  • CUJ content
    Maps CU Donates $50,000 To School Sports

    SALEM, Ore. – Maps CU plans to donate $50,000 to Salem-Keizer School District athletic programs this fall.

    August 25
  • CUJ content
    Vermont State ECU Uses Facebook To Direct $10,000 To Charities

    BURLINGTON, Vt. – Facebook users helped Vermont State Employees CU direct $10,000 to six charities through an employee directed giving program called We Care 2.

    August 25
  • Payments
    Dayton Firefighters FCU Sells Cards Program To Elan Financial

    DAYTON, Ohio – Dayton Firefighters FCU has signed an agent card issuer deal with U.S. Bancorp’s Elan Financial Services under which it will sell its cards portfolio to Elan and Elan will manage the program.

    August 25
  • Growth strategies
    Bethpage FCU Launches Investment CUSO

    BETHPAGE, N.Y. – Bethpage FCU introduced Bethpage Investment Strategies, a financial services division that offers members an increased product line and more services.

    August 25
  • CUJ content
    U.S. FCU Implements Teller Management System

    BURNSVILLE, Minn. – U.S. FCU has installed Financial Management Solutions Inc.’s Teller Management System to manage its teller scheduling.

    August 25
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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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