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Market Intelligence:
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Industry Data
  • CUJ content
    Hanin FCU Converts to Open Solutions’ DNA

    LOS ANGELES – Hanin FCU said it signed with Open Solutions Inc. to provide it with the company’s DNA-sme core processing system.

    January 4
  • Growth strategies
    City County CU To Expand To Nine Florida Counties

    FORT LAUDERDALE, Fla. – City County CU has applied to state regulators to add almost 2 million residents and nine nearby counties – Collier, Lee, Hendry, Glades, Charlotte, Sarasota, Desoto, Highlands, and Okeechobee – to its field of membership.

    January 4
  • Payments
    USA One CU Signs With Fifth Third Processing

    MATTESON, Ill. – USA One CU contracted with Fifth Third Processing for card processing and to help it improve profitability of its cards program.

    January 4
  • Technology
    Numerica CU Focuses In DeepTarget’s Digital E-Mail Marketing Software

    SPOKANE, Wash. – Numerica CU announced yesterday it signed with DeepTarget of Huntsville, Ala., to implement the company’s OLB e-mail marketing and security solutions.

    January 4
  • Lending
    Agricultural FCU Pilots Rate Resetting HarmonyLoan

    WASHINGTON – Agricultural FCU is the first credit union to complete a CU Mortgage Association HarmonyLoan, which allows homeowners to adjust their interest rates with the market without the expense and trouble of a traditional refinance or new mortgage.

    January 4
  • Technology
    Congressional FCU Adds Integrated Media’s iPad Member Enrollment

    WASHINGTON – Congress FCU has signed with Integrated Media Management to implement the company’s TotaliEnroll iPad application to extend the member enrollment process outside the branch.

    January 4
  • CUJ content
    ‘Sweetheart’ $1 CU Land Deal Challenged In Court

    IOWA CITY, Iowa – City officials were expected last night to approve a zoning change that would facilitate construction of a 100,000 headquarters development for University of Iowa Community CU, even as the project was headed to court yesterday afternoon.

    January 4
  • CUJ content
    SECU Foundation Plans Another $4 Million In Scholarships This Year

    RALEIGH, N.C. – The State Employees’ CU Foundation, which has grown into one of the biggest educational grant programs in the country, plans to give another $4 million to in-state college students this year under its People Helping People scholarship program in 2011.

    January 4
  • CUJ content
    Giant CUs Feed On More Mergers

    ALEXANDRIA, Va. – NCUA reported yesterday it approved the merger of troubled First Metropolitan CU, a one-time $210 million Concord credit union, into $1.6 billion Travis CU, one of four more mergers involving billion-dollar credit unions.

    January 4
  • Performance reports
    Negative Growth Vexes CUs

    WASHINGTON – The dual trends of record-low savings rates and the de-leveraging of consumers has created a condition seldom, if ever, seen among credit unions – stagnation – that is, declines in both deposits and loans.

    January 4
  • CUJ content
    NCUA Workers Skirt Federal Pay Freeze

    ALEXANDRIA, Va. – Most NCUA employees, among the best-paid in the government, will escape a two-year freeze on federal worker pay ordered by President Obama last month as the agency’s examiners’ union is preparing to implement a new two-year contract that will award raises as much as 8% a year.

    January 4
  • Technology
    Dell Buys Internet Security Provider SecureWorks

    ROUND ROCK, Texas – Dell computers said this morning it has agreed to acquire SecureWorks Inc., the popular information security services provider for credit unions and banks, for $120 million.

    January 4
  • CUJ content
    Leonard Decof, Attorney In RISDIC Bailout, Passes Away

    PROVIDENCE, R.I. – Prominent trial lawyer Leonard Decof, who helped organize the resolution of the state’s privately insured credit unions after the 1990 collapse of Rhode Island Share and Indemnity Corp., one of the worst crisis in the history of credit unions, died on New Year’s Eve at 86.

    January 3
  • Lending
    Sallie Mae Completes Big Purchase Of Federally Guaranteed Loans

    RESTON, Va. – Sallie Mae said yesterday it has completed the acquisition of $27 billion of federally guaranteed student loans and related assets from Citibank’s The Student Loan Corp.

    January 3
  • CUJ content
    CASE CU Donates $50,000 To Build Playground For Handicapped Children

    DeWITT Township, Mich. – CASE CU said its CASE Cares foundation has contributed $50,000 to help build a barrier-free baseball field for disabled children.

    January 3
  • Lending
    Massachusetts CUs Team With Banks For Green Loan Fund

    LOWELL, Mass. – Local credit unions and banks are leveraging federal stimulus money to create an $8 million fund to provide energy-efficient retrofitting to historic buildings in this historic mill town.

    January 3
  • Lending
    Heartland FCU Offers Sallie Mae Student Loans

    DAYTON, Ohio – Heartland FCU said yesterday it signed with CampusDoor to offer private student loans through CU Student HELP Smart Option by Sallie Mae.

    January 3
  • Payments
    Education First CU Inks Fifth Third Processing Pact

    COLUMBUS, Ohio – Education First CU has signed a credit card processing agreement for its $6 million card portfolio with Fifth Third Processing Solutions.

    January 3
  • Growth strategies
    CDCU Start-Up Self-Help FCU Cleared For Biggest Deal Of Six Mergers

    VALLEJO, Calif. – Self-Help FCU, the two-year-old affiliate of North Carolina’s Self-Help CU, has received final regulatory approval to acquire 1st Pacific FCU in the biggest of six mergers which have created the nation’s fastest-growing credit union.

    January 3
  • Performance reports
    Otis FCU Pays Members Year-End Bonus

    JAY, Maine – Otis FCU paid $350,000 in loan rebate and bonus dividends to end 2010.

    January 3
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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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