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Market Intelligence:
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  • CUJ content
    Texas Trust CU Hires Randolph-Brooks FCU Exec As New CEO

    MANSFIELD, Texas – Texas trust CU announced yesterday the hiring of James Minge, a senior vice president at Randolph-Brooks FCU, as president and CEO of the $680 million credit union.

    May 31
  • Payments
    North Dakota’s Capital CU Inks Processing Deal With CO-OP Financial

    BISMARCK, N.D. – Capital CU said yesterday it signed with CO-OP Financial Services to process payments for its signature and PIN debit card programs.

    May 31
  • Growth strategies
    Andrews FCU Buys Into Potomac Business Services CUSO

    SUITLAND, Md. – Andrews FCU joined credit union service organization Potomac Business Services LLC as an equity member May 19.

    May 31
  • CUJ content
    Pioneer In CU Conversions Retires After Earning Millions From Charter Switch

    CHULA VISTA, Calif. – Hans Ganz, who earned millions of dollars and the enmity of the credit union movement converting his credit union to a bank, retired yesterday as CEO of Pacific Trust Bank, the one-time Pacific Trust FCU.

    May 31
  • CUJ content
    Amplify FCU Launches Partial Home Makeover Contest

    AUSTIN, Texas – Amplify FCU will be rewarding three deserving families with funds for needed home repairs over the next three months as part of its Mini Home Makeover Contest.

    May 31
  • Lending
    Associated CU Pilots Subprime Rate Reward Loan

    ATLANTA – Associated CU said yesterday it is offering an auto loan aimed at subprime borrowers that rewards members with reduced interest rates for timely payments.

    May 31
  • CUJ content
    Appeals Court Strikes Down CUNA Mutual's Credit Disability Policy

    PHILADELPHIA – A federal appeals court last week upheld a lower court ruling that CUNA Mutual Group was wrong when it discontinued payment on a credit disability insurance policy after three years because it found the credit union member no longer met its definition of “total disability.”

    May 31
  • Corporate credit unions
    Alabama’s Corporate America CU Launches Mutual Fund

    IRONDALE, Ala. – Corporate America CU announced this afternoon the introduction of its own mutual fund for credit unions, the Corporate America CU Short Duration Fund.

    May 31
  • Performance reports
    CUs Score First Quarter Rebound

    ALEXANDRIA, Va. – NCUA said this morning that credit union profitability rose to 74 basis points for the first quarter, up from 51 bps in the fourth quarter of 2010, and the best performance in four years.

    May 31
  • 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.

    May 30
  • CUJ content
    Family First CU Contributes Used Computers To Elementary School

    SAGINAW, Mich. – Family First CU donated 24 computers and flat screen monitors to Hemmeter Elementary School in Saginaw Township.

    May 30
  • Branch network
    Polish National CU Adds High School Branch

    CHICOPEE, Mass. – Polish National CU said it plans to open a student-run branch inside Comprehensive High School here.

    May 30
  • Branch network
    Navy FCU To Build Regional Office In Jacksonville

    JACKSONVILLE, Fla. – Navy FCU last week obtained a building permit to build a new branch and regional office here.

    May 30
  • CUJ content
    Andrews FCU Members Wins $1,000 Branch-Opening Sweepstakes

    SUITLAND, Md. – Andrews FCU awarded a longtime member a $1,000 grand prize in its Choose MORE with Andrews to celebrate the grand opening of credit union’s new Waldorf branch.

    May 30
  • CUJ content
    Hawaii First FCU Gets Financial Lit Funding For Native Hawaiians

    HONOLULU – The Office of Hawaiian Affairs is awarding $4.3 million to 12 organizations, including Hawaii First FCU, to help improve education, health and income of Native Hawaiians.

    May 30
  • CUJ content
    Team One CU Gas Discount Helps Drivers Get Pumped Up

    BAD AXE, Mich. – Dozens of cars at a time lined up throughout the late morning and afternoon Thursday at the Bad Axe Mini Market to take advantage of Team One CU’s 25 cents per gallon gas discount.

    May 30
  • CUJ content
    CUNA Execs Get Big Pay Hikes

    WASHINGTON – CUNA said last week it paid former CEO Dan Mica almost $1.7 million for six months work last year, as Mica opted to leave the trade group midway through the year even though he got paid through year-end under his contract.

    May 30
  • CUJ content
    NCUA’s Interest Rate Proposal Seen As Risky Business

    ALEXANDRIA, Va. – Credit union executives are panning NCUA’s proposal requiring all credit unions to adopt an “effective” policy on interest rate risk, saying a one-size-fits-all policy requirement could have unintended consequences and monitoring of interest rate risk can better be accomplished through the flexibility of the examination process.

    May 30
  • CUJ content
    NCUA: ‘Empty Returns,’ Not Regulatory Bias, Sunk Gambling-Backed CU

    WASHINGTON – Quoting a federal judge’s own words, lawyers for NCUA said last week that once the Department of Justice seized the main account at Vensure FCU, the credit union had no assets to cover its only line of business – processing billions of dollars in online poker bets.

    May 30
  • CUJ content
    Senate Republicans Cancel Recess To Block Consumer Appointment

    WASHINGTON – In an extraordinary gambit, Senate Republicans held the Senate in session on Friday in order to prevent an expected appointment of consumer advocate Elizabeth Warren as director for the fledgling Consumer Financial Protection Bureau.

    May 30
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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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