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Market Intelligence:
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  • Growth strategies
    New Hampshire’s Service CU Expands Along State’s Seacoast

    PORTSMOUTH, N.H. – Service CU said yesterday it will acquire two branches along the state’s coast with a merger of $36 million Seacoast CU.

    June 14
  • CUJ content
    NCUA Offers $1.25 Million In Community Development Grants

    ALEXANDRIA, Va. – NCUA has opened the application period for $1.25 million in small technical assistance grants it will be awarding through its Community Development Revolving Loan Fund.

    June 14
  • Lending
    State Rules Don’t Bar All VPs From Obtaining Member Business Loans

    OLYMPIA, Wash. – State regulations barring senior officers from obtaining member business loans under the state’s conflict of interest rules includes senior vice presidents, but not rank and file vice presidents, state regulators ruled.

    June 14
  • CUJ content
    CUSO Investment Relies On ‘Primarily Serves’ Customer Base Test

    ALEXANDRIA, Va. – A federal credit union may buy or invest in an existing insurance agency as a CUSO only if the insurance agency meets NCUA’s “primarily serves” customer base test, that is, the insurance agency primarily serves members of that or any other credit union, NCUA said in a new legal opinion.

    June 14
  • Corporate credit unions
    Corporate One FCU Rolls Out New Check Processing Option

    COLUMBUS, Ohio – Corporate One FCU announced a partnership with Bluepoint Solutions designed to assist natural person credit unions currently using IMAGEin through their current corporate credit union to establish a relationship with Corporate One FCU for check processing and clearing services.

    June 14
  • Payments
    Feds Approve Final Antitrust Settlement With Visa, MasterCard

    NEW YORK – The Department of Justice filed papers yesterday to implement the settlement of its antitrust suit against Visa and MasterCard, which will prevent the two card networks from barring merchants from steering transactions to lower-cost cards.

    June 14
  • Branch network
    Bike-Thru Lane Coming To Denver’s Public Service CU

    DENVER – Public Service CU will offer a dedicated bike-thru lane at its Fort Collins branch June 22 to celebrate Bike to Work Day.

    June 14
  • CUJ content
    Friends No More: Bankers Try To Block MBL Rise

    WASHINGTON – Even as they work hand in hand with credit unions to block the caps in debit fees, the banking lobby says it will continue to fight tooth and nail to prevent Congress from raising the limits on member business loans for credit unions.

    June 14
  • CUJ content
    Journal Now Accepting Best Practice Nominations

    WEST PALM BEACH, Fla. – Credit Union Journal is now accepting entries for its 2011 Best Practices Awards.

    June 13
  • CUJ content
    Michigan Catholic CU Mourns Ex-CEO

    TROY, Mich. – Michigan Catholic CU said its former longtime CEO Warren Baker passed away June 7 at 81.

    June 13
  • CUJ content
    Pentagon FCU Raises $700,000 For Wounded Soldiers

    ALEXANDRIA, Va. – Pentagon FCU said its non-profit PenFed Foundation raised more than $700,000 at its annual Night of Heroes Gala on May 19.

    June 13
  • Lending
    CUNA Renews Marketing Deal With Freddie Mac

    WASHINGTON – CUNA said yesterday it has extended its contract with Freddie Mac to market the company’s mortgage products and services to credit unions.

    June 13
  • CUJ content
    Canadian Firm Launches Online Member Survey

    TORONTO – Corsential announced general availability of its Credit Union Voice of Member survey and satisfaction program.

    June 13
  • CUJ content
    CRIF Expands In Louisiana

    NEW ORLEANS – CRIF Select, which recently expanded into Philadelphia, said it is entering the Louisiana market and now is in 18 markets across the U.S.

    June 13
  • Technology
    Wescom Resources Integrates With Share One

    PASADENA, Calif. – Wescom Resources Group said yesterday it signed with Share One to integrate and market WRG's MemberEdge Mobile Banking solution to Share One's credit union clients nationwide.

    June 13
  • Technology
    Northwest FCU To Convert To Online Resources’ Online Banking

    HERNDON, Va. – Northwest FCU said it signed with nearby Online Resources Corp. for advanced online banking and bill payment solutions.

    June 13
  • CUJ content
    Congressional CU Champion Kanjorski Gets Consumer Award

    WASHINGTON – Former U.S. Rep. Paul Kanjorski, a longtime congressional champion for credit unions, is scheduled to receive an award Wednesday from the Consumer Federation of America for his lifetime service to consumers.

    June 13
  • CUJ content
    Elderly CU Member Swindled Out Of $17,000

    COLUMBIA, S.C. – A 71-year-old woman was scammed out of $17,000 last month by two people who convinced her to withdraw money from her account at Palmetto Citizens CU.

    June 13
  • CUJ content
    M&F Offer Could Open Bidding Contest For Nation’s Biggest Check Printer

    NEW YORK – Three law firms announced yesterday they are carefully reviewing billionaire financier Ron Perelman’s bid to take check printer M&F Worldwide private, saying the bid by Perelman’s MacAndrews and Forbes Holdings, which already controls 43% of M&F, could violate securities laws.

    June 13
  • CUJ content
    Texas League’s Buddy Gill Goes To NCUA

    ALEXANDRIA, Va. – NCUA Chairman Debbie Matz announced this afternoon the hiring of Buddy Gill, the long-time political director for the Texas CU League, as senior strategic advisor.

    June 13
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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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