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Market Intelligence:
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Industry Data
  • CUJ content
    Australia’s CUs Respond To Severe Flooding

    BRISBANE, Australia – Credit unions here and in the state of Queensland are scrambling to provide assistance to members as floodwaters continue to take their toll.

    January 12
  • Performance reports
    Community Financial CU Pays Members $375,000 Special Dividend

    BROOMFIELD, Colo. – Members of Community Financial CU will get their share of a $375,000 special dividend this week.

    January 12
  • Payments
    Interchange Proposal Anomaly: Comments Dominated By Exempt Groups

    WASHINGTON – In a rule-making process turned upside down, credit unions and community banks that are exempt from the Federal Reserve’s proposal controlling debit interchange fees are dominating the comment process, while the big institutions coming under the rule have yet to weigh in.

    January 12
  • Corporate credit unions
    NCUA Piles On New Charges In WesCorp Suit

    LOS ANGELES – NCUA told the federal court yesterday it will add new charges against directors and officers of WesCorp FCU, even as its efforts to hold leaders of the corporate credit union accountable for the failure of the $34 billion corporate may be slipping away.

    January 12
  • CUJ content
    Violent Robbers Manhandle CU Branch Manager

    WHITE OAK, Md. – Two men threw a manager over a teller counter when they robbed the local Mid-Atlantic FCU branch Saturday.

    January 11
  • CUJ content
    Alliant CU Gives $25,000 To Blind Entrepreneurs’ Charity

    CHICAGO – Alliant CU said its Alliant CU Foundation gave a $25,000 grant to Hadley School for the Blind to provide assistance toward the opening of the school’s new Forsythe Center for Entrepreneurship.

    January 11
  • CUJ content
    Rivermark Community CU Donates $49,000 To Children’s Hospital

    BEAVERTON, Ore. – Rivermark Community CU said its annual Dough for Doernbecher event raised more than $49,000 for the local Doernbecher Children’s Hospital.

    January 11
  • CUJ content
    Government Printing Office FCU Names CU Vet CEO

    WASHINGTON – The Government Printing Office FCU has hired Timothy Anderson, who has worked as an executive with several area credit unions, as president and CEO of the $33 million credit union.

    January 11
  • Growth strategies
    Michigan’s First Community FCU Grows Through Merger

    PARCHMENT, Mich. – First Community FCU has applied to state regulators to acquire Michigan Services CU in Southfield, its second merger of the past six months.

    January 11
  • Growth strategies
    Five Mergers Build Kansas’ Mainstreet CU

    LENEXA, Kan. – Mainstreet CU, the product of three recent mergers, said it completed its fifth deal with the combination of Wyandotte CU, a $13 million Kansas City credit union.

    January 11
  • CUJ content
    More California CUs Opt To Merge

    SACRAMENTO, Calif. – Regulators reported yesterday that two more troubled California credit unions have applied to merge into bigger credit unions, continuing the recent pace of mergers in the state.

    January 11
  • CUJ content
    Arizona Representative Had Close Relationship With CUs

    TUCSON, Ariz. – The tragic shooting here that claimed six lives and injured 14 people, including Rep. Gabrielle Giffords, is being felt by this state’s credit unions, which had a close relationship with the congresswoman.

    January 11
  • Payments
    Bankers Balk At Bifurcated System On Debit Interchange

    WASHINGTON – The banking lobby is rejecting Visa’s proposal for a dual system on debit card interchange, saying such a system will only force merchants to migrate to the lower-cost cards as mandated for the biggest issuers.

    January 11
  • Corporate credit unions
    Court Ruling Jeopardizes Billions In Corporate CU Payments

    NEW YORK – A New York appeals court dismissed a lawsuit against MBIA yesterday, potentially clearing a reorganization of the bond insurer that could cost big banks and corporate credit unions billions of dollars on their insured mortgage securities.

    January 11
  • CUJ content
    Bail Withheld For Purported Crime Figure Charged In Massive Cleveland CU Fraud

    CLEVELAND – A federal judge yesterday denied bail to a purported head of a Macedonian crime syndicate believed responsible for siphoning tens of millions of dollars from St. Paul Croatian FCU, which was taken over by NCUA seven months ago amid an estimated loss of $170 million.

    January 11
  • CUJ content
    Mountain America CU Pilots Long-Term Care Insurance

    SALT LAKE CITY – Mountain America CU announced today its insurance CUSO has signed with Intermountain Insurance Advisory Group to provide its members with long-term care insurance products and services, one of the first credit unions to enter the market.

    January 11
  • CUJ content
    CLARIFICATION

    An article in last week’s Credit Union Journal Daily Briefing should have clarified that CapCom Credit Union was merged into DFCU Financial Credit Union in March 2009.

    January 10
  • CUJ content
    Branch Manager Gets Three-Month Prison Term For $135,000 Embezzlement

    LOS ANGELES – A former branch manager for CoastHills FCU is expected to be sentenced to three months behind bars after pleading guilty to stealing $135,000 from the Lompoc credit union.

    January 10
  • CUJ content
    Employees Thwart CU Heist

    CHULA VISTA, Calif. – A masked man who apparently intended to rob a USE CU branch fled in frustration Friday after tellers refused to open a locked front door for him.

    January 10
  • CUJ content
    Associated CU Gives $20,000 To Local Non-Profits

    NORCROSS, Ga. – Associated CU said its Associated CU Foundation has contributed $10,000 each to the Norcross Cooperative Ministry and The Quinn House in Lawrenceville.

    January 10
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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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