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Market Intelligence:
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  • CUJ content
    LPL Financial Reports Strong First Quarter Earnings

    BOSTON – LPL Investment Holdings, parent of broker dealer LPL Financial, on Monday said first quarter net income almost doubled to $49 million, amid growing activity by the company’s advisors spread through more than 2,000 credit unions and banks.

    April 25
  • CUJ content
    Armed Robber Gets 20 Years In Prison

    WICHITA, Kan. – A man who threatened tellers with a gun during last November’s armed robbery at Catholic Family FCU on Monday was sentenced to 20 years behind bars.

    April 25
  • Branch network
    HealthCom FCU Adds Branch

    DALTON, Ga. – HealthCom FCU is holding a grand opening Friday for its newest branch here, a 5,227-square-foot building.

    April 25
  • CUJ content
    At AmeriChoice FCU They Read To Second-Graders

    MECHANICSBURG, Penn. – During the month of April, AmeriChoice employees are reading their favorite childhood books to second-graders at East Pennsboro Elementary and West Creek Hill Elementary Schools.

    April 25
  • CUJ content
    Golden 1 CU Raises $10,000 To Support Women’s Health

    SACRAMENTO, Calif. – Employees of The Golden 1 Credit Union raised more than $10,000 during February and March for the American Heart Association’s “Go Red for Women” movement, which supports women’s health.

    April 25
  • CUJ content
    Telcom CU Signs For CO-OP Financial’s Call Center Services

    FERNDALE, Mich. – Telcom CU will implement CO-OP Financial Services’ Members Services suite for 24/7 call center services.

    April 25
  • CUJ content
    Troubled Cal State CU Is Merged Out

    SANTA ROSA, Calif. – NCUA has approved the merger of Cal State CU of North Bay, a one-time $106 million credit union that has fought red ink the past few years, into giant Redwood CU, headquartered down the street.

    April 25
  • CUJ content
    Michigan State U Grads Get CU Makeover For Job Hunting

    LANSING, Mich. – One male and one female graduate of Michigan State University won a new wardrobe, a haircut and salon services to help in their job search as part of MSU FCU’s Grad Makeover Contest.

    April 25
  • Lending
    Summit CU Partners On ‘Me2’ Energy Loans

    MADISON, Wis. – Summit CU has joined Milwaukee Energy Efficiency to offer low-rate “Me2” or “Green Madison” energy efficiency loans in Madison and Milwaukee.

    April 25
  • CUJ content
    Branch Specialist Guilty Of ‘Personal Ponzi Scheme’

    MOBILE, Ala. – A former branch specialist at American First CU last week pleaded guilty to siphoning funds between member accounts in what prosecutors labeled a “personal Ponzi scheme.”

    April 25
  • Performance reports
    Back In Black: CU Giant Digs Out

    TAMPA, Fla. – Count Suncoast Schools FCU as another credit union giant making a turnaround, after the one-time $6.2 billion credit union reported a $4.5 million net for its first quarter – its first profitable quarter in more than three years.

    April 25
  • CUJ content
    Member Service Rep Jailed For $440,000 Embezzlement Scheme

    ORLANDO, Fla. – A former member service representative for Fairwinds CU on Friday was sentenced to five years in prison for an identity theft scheme by which she stole or tried to steal some $440,000 from accounts at the credit union and Royal Bank of Scotland, most of it from elderly or dead customers.

    April 24
  • CUJ content
    Car Dealers Charged In $540,000 Phony CU Loan Scheme

    MERCED, Calif. – The owners of a local car dealership last week were charged in a federal indictment with allowing unqualified customers to buy cars financed through Valley First CU.

    April 24
  • CUJ content
    San Diego County CU Hires Judy Flores As Chief Financial Officer

    SAN DIEGO – Judy Flores, a well-traveled California credit union executive, was named chief financial officer of $5.1 billion San Diego County CU.

    April 24
  • CUJ content
    Credit Union ONE Adds CO-OP Financial’s Call Center Services

    FERNDALE, Mich. – Credit Union ONE has signed with CO-OP Financial Services to implement the company’s Members Services suite for 24/7 call center services.

    April 24
  • CUJ content
    Suspect Guilty In $250,000 Heist At Industrial Centre FCU

    MUNCIE, Ind. – The first of three individuals charged in a $250,000 May 2009 holdup at Industrial Centre FCU, one of the largest heists in local history, pleaded guilty to armed robbery charges last week.

    April 24
  • Growth strategies
    First Tech CU Adds Amazon.com As SEG

    SEATTLE – First Tech CU, a newly created credit union giant, has been approved by NCUA to serve 35,000 Seattle-based employees of online retailer Amazon.com to its field of membership.

    April 24
  • Performance reports
    Investments Fuel Navy FCU

    VIENNA, Va. – Navy FCU on Friday reported a 50% surge in first quarter net income, to $180 million, amid big gains in investment and fee income.

    April 24
  • Lending
    Great Falls Teachers FCU Introduces SAFE Payday Loan

    GREAT FALLS, Mont. – Great Falls Teachers FCU is offering a new type of payday loan that offers up to $500 regardless of credit history.

    April 24
  • CUJ content
    Another Suit On CU ATM Disclosures

    HOUSTON – The proliferation of suits on ATM disclosures continued Friday with a new suit claiming Harris County FCU is in violation of the Electronic Funds Transfer Act by failing to post the proper notice of a surcharge for non-member cash withdrawals.

    April 24
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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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