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Market Intelligence:
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Industry Data
  • Penalties and fines
    Small Illinois credit union fined over BSA compliance

    SmartChoice Credit Union, which holds less than $1 million in assets, has been penalized for failing to properly complete FinCEN searches.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    October 10
    p19h947e1611mprds1cv01rmt1270d.jpg
  • Career moves
    Celebrating longevity: Professionals on the move

    NH Federal Credit Union recognized an employee for her 30 years of service while other institutions promoted workers and hired new talent.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    October 10
    AdobeStock_268358363.jpeg
  • ADA
    Supreme Court ruling could mean more ADA lawsuits

    The court passed up a recent opportunity to clarify confusion about Americans with Disabilities Act requirements for business websites, raising concerns that credit unions could become an even more inviting litigation target.

    petersandy126x126.jpg
    By Andy Peters
    October 10
    AB-100919-ADA.jpeg
  • De novo institutions
    FDR's granddaughter makes first-ever deposit at Maine's newest CU

    Maine Harvest Federal Credit Union, which will serve farmers and the food industry, opened this week and aims to make $12 million in loans over the next six years.

    By Michael Bartlett
    October 9
    maine-fotolia.jpg
  • Branch banking
    Time running out for Day in the Life submissions

    Credit unions have until Monday night to submit pictures for the popular Day in the Life of Credit Unions photo essay.

    By Credit Union Journal staff
    October 9
    CUJ Day in the life logo 2019 - CUJ 091619.jpg
  • Small business lending
    Small business lending rates reach new low for credit unions: report

    Credit unions approved just 39.7% of small business loan applications in September, according to the Biz2Credit Small Business Lending Index.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    October 9
    CUJ-100919-SMALLBIZAPPROVALS.jpeg
  • Iot
    How faster internet could lead to cyberattacks on steroids

    The next generation of wireless communication will lead to more devices being connected to the internet, creating additional vulnerabilities for credit unions to guard against.

    By Melissa Angell
    Reporter
    October 9
    CUJ-IoT-10719 (2).jpeg
  • Career moves
    Influencing the entire industry: Professionals on the move

    The Credit Union Executives Society recognized two leaders for their contributions to their own institutions and the movement as a whole while other credit unions announced promotions and new hires.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    October 8
    AdobeStock_276797145.jpeg
  • Health and wellness
    Cancer screening perks gaining traction at credit unions

    Associated Credit Union became the latest institution to provide cancer screenings to employees when it organized mammograms at its headquarters this week.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    October 8
    Quantum Radiology's "mobile mammogram" truck parked in front of Associated Credit Union on Monday. The CU offered free breast cancer screenings for employees and their families.
  • Tax
    Kansas credit unions rally to fight two proposed tax bills

    One bill would tax credit unions in the Sunflower State with at least $100 million in assets.

    By Michael Bartlett
    October 8
    Kansas CUs at committee meeting Oct 3
  • Field of membership
    ABA to seek a review of appeals court's FOM decision

    The banking trade group is asking for an en banc rehearing of its field-of-membership challenge before all 17 judges of the D.C. Court of Appeals.

    John Reosti Author Image
    By John Reosti
    Reporter
    October 8
    UMB Bank has sued Wisconsin's Public Finance Authority and the operators of a pair of addiction centers in Indiana for financial mismanagement that is said has led to bond default.
  • Card fraud
    Instances of synthetic fraud are slowing: report

    Balances for accounts suspected of synthetic fraud inched up about 1% in the second quarter from a year earlier, according to TransUnion.

    By Melissa Angell
    Reporter
    October 8
    CUJ-syntheticfraud-10719 corrected.jpeg
  • Digital banking
    Can credit unions compete in a battle royal for online deposits?

    A combination of mutual and clashing interests has driven many players — credit unions, big banks, community banks and fintechs — to offer high-interest, digital-only savings and checking.

    By Will Hernandez
    October 8
    p1b39qaq4l1kofnv916bk195b1g4hg.jpg
  • CDFIs
    NCUA extends CDFI certification deadline

    Credit unions now have until Nov. 30 to apply for Community Development Financial Institution certification.

    By Melissa Angell
    Reporter
    October 7
    CDFI applications
  • Corporate philanthropy
    Shred day success: Credit unions in the community

    Credit unions across the nation helped out in their communities, including Veridian Credit Union shredding over 1 million pounds of paper and PenFed raising money for veterans.

    By Melissa Angell
    Reporter
    October 7
    Veridian CUJ 10719.JPG
  • M&A
    Aloha Pacific FCU completes fourth acquisition in three years

    Hawaii Pacific Federal Credit Union merged into the Honolulu-based institution last week.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    October 7
    CUJ-100719-ALOHAPACIFICEARNINGS.jpeg
  • M&A
    Pennsylvania, New Jersey leagues select name for combined organization

    Once the Pennsylvania Credit Union Association and the New Jersey Credit Union League complete their merger, the group will go by CrossState Credit Union Association.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    October 7
    Patrick Conway is president and CEO of the Pennsylvania Credit Union Association
  • M&A
    Members of tiny Detroit-area credit union approve merger into BlueOx

    The merger of Bi-County PTC Federal Credit Union into BlueOx is expected to be completed on Jan. 1.

    By Michael Bartlett
    October 7
    Fran Godfrey, BlueOx Credit Union
  • NCUA can ease credit unions' CECL burden

    The National Credit Union Administration should help soften the effects of the new standard on regulatory capital through rulemaking.

    October 7
    J. Mark McWatters
    J. Mark McWatters
    National Credit Union Administration
  • Fee income
    Is this credit union ahead of the curve on overdraft fees?

    Even with fee revenue already down, Oregon-based Providence FCU has cut its overdraft fees by half. Some analysts say the move could pay off if the economy goes south.

    By Jessica Qiao
    Contributor
    October 7
    CU fee income trends - CUJ 100419
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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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