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Market Intelligence:
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Industry Data
  • Branch network
    Cardtronics To Deploy ATMs In Wegmans Food Markets

    HOUSTON – Cardtronics, the nation’s leading ATM operator, said yesterday it signed with Wegmans Food Market to place ATMs in 77 supermarkets in New York, Pennsylvania, New Jersey, Virginia and Maryland.

    April 27
  • Technology
    FSCC Slashes MyCUAnywhere Text Banking Fees

    ONTARIO, Calif. – Financial Service Centers Cooperative said yesterday it is reducing fees on its MyCUAnywhere text banking transactions to 35 cents per transaction.

    April 27
  • Technology
    Visa Backs Twitter Inventor’s Mobile Payments Bid

    SAN FRANCISCO – Visa said yesterday it has invested in Square, a mobile payments start-up founded by the Twitter co-founder Jack Dorsey that turns phones and iPads into credit card readers.

    April 27
  • Corporate credit unions
    NCUA Hits The Street With More Corporate Bailout Bonds

    WALL STREET – NCUA is expected this week to launch a new offering of bonds backed by the assets of five failed corporate credit unions, nearing the bottom of the barrel of some $50 billion of toxic assets held by the corporates that are being securitized.

    April 27
  • CUJ content
    Court Won’t Block NCUA Takeover Of Gambling-Linked Vensure FCU

    WASHINGTON – A federal judge denied a request today from Vensure FCU for a temporary restraining order blocking NCUA’s April 15 conservatorship of the $4.7 million credit union linked to the ongoing scandal over online poker betting.

    April 27
  • CUJ content
    Assistant Branch Manager Gets 5 Years For Planning $310,000 Navy FCU Heist

    RALEIGH, N.C. – A former assistant manager at Navy FCU’s Fayetteville branch on Tuesday was sentenced to five years behind bars for planning a 2009 armed robbery at the branch where $309,900 was taken.

    April 26
  • Branch network
    AMOCO FCU Matriculates On Campus

    TEXAS CITY, Texas – AMOCO celebrated the opening of its newest full service ATM located at Alvin Community College in the Student Center.

    April 26
  • Payments
    Border FCU Signs With Fifth Third Processing For EFT Services

    DEL RIO, Texas – Border FCU has signed with Fifth Third Processing Services for ATM and debit card transaction processing, ATM driving, card production and network gateway access.

    April 26
  • Growth strategies
    HAPO Community CU Sponsors Summer

    KENNEWICK, Wash. – HAPO Community CU is dubbing itself the “Official Sponsor of Summer” by sponsoring a number of events.

    April 26
  • Growth strategies
    Texas Dow Employees CU Acquires Local Real Estate Firm

    LAKE JACKSON, Texas – Texas Dow Employees CU has purchased Birdsong Real Estate of Lake Jackson which, on May 1, will begin operating as TDECU Real Estate LLC – powered by Birdsong.

    April 26
  • Branch network
    American Airlines FCU Lands At Miami International Airport

    MIAMI – American Airlines FCU on Thursday will celebrate the opening of its newest branch at the Miami International Airport Maintenance facility, the credit union’s second branch at the airport.

    April 26
  • Technology
    Tyfone’s Mobile Banking Solution Piloted By CUs

    PORTLAND, Ore. – Tyfone launched the first solution from a third-party vendor that allows any consumer with a mobile device to enroll in, and then use, mobile banking directly from a handset.

    April 26
  • Technology
    MIT FCU Virtualizes Branch With IMM’s TotaleAtlasWeb

    CAMBRIDGE, Mass. – MIT FCU has implemented Integrated Media Management’s TotaleAtlasWeb remote signature capture and document delivery solution as part of a strategy to provide a true virtual branch.

    April 26
  • Lending
    Self-Adjusting HarmonyLoan Gets Private Mortgage Insurance

    TYSONS CORNER, Va. – Mortgage Harmony Corp. said CMG Mortgage Insurance Co. has agreed to provide private mortgage insurance for its self-adjusting HarmonyLoan.

    April 26
  • CUJ content
    Deputy Shoots CU Robber

    VALRICO, Fla. – A suspected Grow Financial CU robber was hospitalized in critical condition yesterday after he was shot by a Hillsborough County deputy investigating Monday’s holdup.

    April 26
  • CUJ content
    Golden 1 CU Pledges To Save Local NBA Franchise

    SACRAMENTO, Calif. – Civic leaders and local businesses emerged from a meeting at the downtown offices of The Golden 1 CU with commitments for $10 million in sponsorships in an effort to convince the city’s lone major league sports team, the NBA’s Sacramento Kings, to stay in town.

    April 26
  • CUJ content
    Space Coast CU Sues Wall Street Over Eastern Financial Florida CU Failure

    WALL STREET – Space Coast CU on Tuesday filed suit against several Wall Street brokerages, claiming they sold risky investments to Eastern Financial Florida CU they knew were bound to fail, the first time the big credit union failures of the past few years have been brought to the doors of Wall Street.

    April 26
  • Technology
    VSoft Launches Its Own Core Processing Solution For CUs

    ATLANTA – VSoft Corp., the maker of popular image exchange and remote capture technology, unveiled its own core processing system today for credit unions.

    April 26
  • CUJ content
    NCUA Knew Of Seized CU’s Online Gambling Activities

    WASHINGTON – Vensure FCU, taken under conservatorship by NCUA two weeks ago, claims the federal regulator knew all along it was processing millions of dollars in online bets for the two biggest poker websites and had agreed at the agency’s behest to exit the business.

    April 26
  • CUJ content
    Ex-CEO Of Alabama Central CU Indicted For Phony Expense Scam

    BIRMINGHAM, Ala. – The former president of Alabama Central CU was charged by a federal grand jury yesterday with creating two fictitious companies through which he funneled $140,000 in phony expense payments from the credit union to himself.

    April 26
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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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