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Market Intelligence:
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  • CUJ content
    Gwinett FCU Celebrates 50 Years With $50,000 Scholarship Pledge

    LAWRENCEVILLE, Ga. – Gwinnett FCU, a one-time teachers credit union, last week said it is celebrating its 50th anniversary by committing $50,000 to the Gwinnett Tech Foundation to fund student scholarships over the next 10 years.

    June 12
  • CUJ content
    Employee Pleads Guilty To Stealing $38,000 From Relatives’ CU Accounts

    EAST ST. LOUIS, Ill. – A former financial operations officer for Catholic and Communities CU last week was convicted of embezzling more than $38,000 from accounts of her relatives.

    June 12
  • Branch network
    Spirit Of Alaska FCU Adds New Branch

    FAIRBANKS, Alaska – Spirit of Alaska FCU opened its newest branch along the Johansen Expressway.

    June 12
  • CUJ content
    FSCC Shared Branching Pays $1 Million Dividend

    ONTARIO, Calif. – Financial Service Centers Cooperative said Friday it paid its owners a patronage dividend of $1 million, $200,000 of it in cash and the remainder as a written notice of allocation.

    June 12
  • CUJ content
    Two San Francisco CUs To Acquire Small, Troubled CUs

    SAN FRANCISCO – Two healthy San Francisco credit unions have applied to state regulators to acquire ailing 1st Choice FCU and Pacifica-Coastside CU.

    June 12
  • CUJ content
    Affinity Plus FCU Adds Round-Up Savings Account

    ST. PAUL, Minn. – Affinity Plus FCU is now offering a new savings account that automatically rounds up to the nearest dollar every time members make a purchase or ATM transaction with their debit cards and transfers the difference into a savings account.

    June 12
  • Growth strategies
    Big Plans: Navy FCU Expects To Add 300,000 New Members This Year

    VIENNA, Va. – Navy FCU, the nation’s biggest credit union by far, is looking for new ports to conquer.

    June 12
  • Payments
    Fed To Vote Final Debit Rule

    WASHINGTON – The Federal Reserve is expected to vote a final rule on debit fees a week from today, now that a credit union-backed proposal to delay the rules has been shot down in Congress.

    June 12
  • Payments
    California Cash Withdrawals Traced To Michaels Breach

    LOS ANGELES – Law enforcement agents believe hundreds of thousands of dollars being withdrawn from ATMs in California are related to the data breach announced recently by Michaels Stores.

    June 12
  • CUJ content
    NCUA Takes Over Upstate New York’s BCT FCU

    BINGHAMTON, N.Y. – NCUA this afternoon took over BCT FCU and will manage the $52 million credit union under conservatorship while it works out the credit union’s financial troubles.

    June 10
  • CUJ content
    Diebold Loses Insurance Suit In $50 Million ATMs Theft

    PHILADELPHIA – A federal appeals court yesterday dismissed a suit by Diebold Inc. requesting its insurer cover $6 million in losses from the theft by ATM supplier Tri-States Armored Services of some $50 million of cash it was supposed to be using to replenish ATMs for credit unions and banks.

    June 10
  • 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 9
  • CUJ content
    Andera Unveils FortiFI Fraud Solution

    PROVIDENCE, R.I. – Andera Inc., a provider of online consumer acquisition solutions for retail financial institutions, has launched FortiFI, its hosted software solution that it says flags suspicious consumer data patterns in real time to stop online account opening fraud before it is too late.

    June 9
  • CUJ content
    Mississippi’s Central Sunbelt FCU Names Pennsylvania Exec As CEO

    LAUREL, Miss. – Central Sunbelt FCU has hired W. Christopher Hammond, the head of $125 million 1st Ed CU in Chambersburg, Penn., as president and CEO of the $165 million credit union.

    June 9
  • Technology
    Northrup Grumman FCU Signs With Connect Financial

    GARDENA, Calif. – Northrup Grumman FCU has selected Connect Financial Software Solutions to provide it with its consumer suite of Internet Banking and customization services.

    June 9
  • CUJ content
    Global CU Adds FMSI’s Teller Management

    SPOKANE, Wash. – Global CU has deployed Financial Management Solutions Inc.’s Teller Management System at its 13 branches.

    June 9
  • CUJ content
    Credit Union Of Southern California Signs With Auto Expert

    BREA, Calif. – Credit Union of Southern California has chosen Auto Expert, a CUSO owned by nearby Altura CU, to provide its members with online car buying services.

    June 9
  • CUJ content
    Michigan’s American 1 FCU Acquires Troubled Premier Financial CU

    JACKSON, Mich. – American 1 FCU has agreed to acquire Premier Financial CU, a one-time $90 million credit union in nearby Clinton Township.

    June 9
  • CUJ content
    Landmark CU Member Wins $25,000 TurboTax Sweepstakes

    NEW BERLIN, Wis. – Landmark CU said one lucky member won the $25,000 grand prize in the “This Way to 25K” TurboTax for Online Banking sweepstakes.

    June 9
  • CUJ content
    $100 Handouts Spreading Like Wildfire From Michigan CU

    SAGINAW, Mich. – Employees of Wildfire CU were randomly handing out cash at grocery stores, car washes and other places throughout Saginaw, Bay and Midland counties last weekend as part of the credit union’s new Pay it Forward campaign.

    June 9
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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.

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