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Market Intelligence:
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  • Lending
    Secondary Market Privatization Feared By CUs

    WASHINGTON – A top credit union executive urged Congress this morning to retain a government role in the secondary mortgage market, lest credit unions and other mortgage lenders be left at the mercy of a privatized secondary market dominated by a handful of bank giants.

    June 28
  • CUJ content
    Last Call For Best Practice Nominations

    WEST PALM BEACH, Fla. – Credit Union Journal still is accepting entries for its 2011 Best Practices Awards, but only until this Friday.

    June 27
  • CUJ content
    Loan Manager Charged In $700,000 Fraud

    JANESVILLE, Wis. – A former loan manager at Parker Community CU was arrested last week on charges she took out more than $700,000 in loans using first the names of family members, then the names of friends and finally the names of strangers.

    June 27
  • CUJ content
    Service CU Donates $15,000 To Coast Guard Monument

    PORTSMOUTH, N.H. – Service CU contributed $15,000 to the New Hampshire Coast Guard Monument Committee to help erect a monument at the New Hampshire State Veterans Cemetery.

    June 27
  • CUJ content
    Catholic FCU Names CEO

    SAGINAW, Mich. – Catholic FCU announced yesterday that Alan Watson, its chief financial officer who has been acting CEO since the first of the year, has been named permanent president and CEO of the $260 million credit union.

    June 27
  • Payments
    Guardian CU Inks Agent Issuer Deal With TMG Financial

    MILWAUKEE – Guardian CU has begun a start-up credit card program with TMG Financial Services.

    June 27
  • Lending
    Bellco CU Adds CU Student Choice Loans

    GREENWOOD VILLAGE, Colo. – Bellco CU said it is now offering private student loans through Credit Union Student Choice.

    June 27
  • Technology
    City County CU Processing Loans On iPad

    FORT LAUDERDALE, Fla. – City County CU has begun processing loans in iPads via eDOC Innovations’ ProDOC Packages and eDOCSignature.

    June 27
  • CUJ content
    Court Won’t Lift NCUA Hold Over Gambling-Backed CU

    WASHINGTON – A federal court last week rejected a bid by Vensure FCU to get NCUA to lift its 10-week long conservatorship as law enforcement agents expand their investigation into the credit union’s role in illegal online gambling.

    June 27
  • Corporate credit unions
    NCUA Nixes Corporate Chair Appointee

    ALEXANDRIA, Va. – The NCUA Board rejected a plea from the organizers of the new Members United Corporate FCU to appoint a director of the Illinois credit union league as chairman of the board of directors of the new corporate, to be known as Alloya Corporate FCU.

    June 27
  • CUJ content
    Intuit Acquires Mobile Banking Partner

    MOUNTAIN VIEW, Calif. – Intuit on Monday announced it has acquired the mobile banking technology assets from Mobile Money Ventures, or MMV, a joint venture of Citigroup and South Korea Telecom and mobile banking partner of Intuit Financial Services.

    June 27
  • Compliance
    NCUA Approves Three New Items

    ALEXANDRIA, Va. - The NCUA Board has approved three new items, and is seeking comment on some of the proposals.

    June 27
  • Performance reports
    Like Credit Unions, Community Banks Starting To Recoup Charge-Offs

    JACKSONVILLE, Fla.-Community bankers are seeing some of the same numbers as credit unions and beginning to recoup some of the charge-offs that have plagued their balance sheets the past few years.

    June 27
  • Payments
    Outspoken, Outgoing Fed Bank Pres Sees Little Value In Dodd-Frank

    KANSAS CITY, Mo.-Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, one of the most outspoken members of the Federal Open Market Committee, has never been shy when it comes to his opinion.

    June 27
  • CUJ content
    Criminals Rethinking Strategies, And, As Result, CUs Must, Too

    SAN ANTONIO-Criminals aren't getting any dumber, and in fact are working harder than ever. For credit unions that means a need to rethink their approach to managing fraud risk by adopting an Enterprise Fraud Management strategy.

    June 27
  • Performance reports
    Despite Consumer Sentiment, 2 Economists Foresee Better Times

    SAN ANTONIO-Despite a recent consumer survey which found a substantial segment of the public believes the economy is heading straight past a double-dip recession and on to a depression, two CUNA economists say credit unions can expect improvements on their balance sheets in the second half of 2011 and into 2012.

    June 27
  • CUJ content
    Cooperative Model of Finance Remains Relevant, Stress 2 People

    SAN ANTONIO-The cooperative principles that are the historical underpinnings of credit unions remain relevant, contemporary growth drivers, according to two people.

    June 27
  • CUJ content
    The Benefits, Costs and Trade-Offs To Supplemental Capital Discussed

    SAN ANTONIO-What could credit unions in the U.S. do if there was widespread access to supplemental capital?

    June 27
  • Performance reports
    No Due Diligence? Say Hello To Potentially Uninsured Losses

    SAN ANTONIO-Credit unions are being cautioned that as they expand membership by adding business accounts and related services, including online banking and checking account services, they must perform proper due diligence or risk potential losses that may be uninsurable.

    June 27
  • Performance reports
    Steps To Take To Protect The Credit Union

    SAN ANTONIO-To better protect themselves and member accounts from online threats, CUNA Mutual's Ken Otsuka urged credit unions to implement the following:

    June 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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