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Market Intelligence:
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  • CUJ content
    Pennsylvania’s Barta-Berks Community FCU Mourns 50-Year Volunteer

    READING, Penn. – Members and employees of Barta-Berks Community FCU marked last week’s passing of Robert Eiler, 91, who spent the last 50 years as a volunteer at the tiny credit union.

    November 18
  • CUJ content
    Bethpage FCU Gives $10,000 To Crisis Center

    BETHPAGE, N.Y. – Bethpage FCU has donated $10,000 to the Long Island Crisis Center to be used to develop a new anti-cyber bullying initiative.

    November 18
  • Branch network
    Harvard University Employees FCU Matriculates In Harvard Yard

    CAMBRIDGE, Mass. – Harvard University Employees FCU has opened an ATM in the University’s Quad.

    November 18
  • Payments
    Michigan State University FCU Renews With Card Services For CUs

    EAST LANSING, Mich. – Michigan State University FCU said yesterday it renewed its contract with Card Services for CUs to process its 86,000 credit and 116,000 signature debit accounts.

    November 18
  • Branch network
    Navy Fed Lands At Kirtland Air Force Base

    ALBUQUERQUE, N.M. – Navy FCU will open its newest branch here Monday outside Kirtland Air Force Base, to serve more than 20,500 active duty Airmen, National Guard and reservists, and contractors.

    November 18
  • Corporate credit unions
    NCUA Liquidates Fifth Corporate Failure, Constitution Corporate FCU

    WALLINGFORD, Conn. – NCUA plans to liquidate Constitution Corporate FCU, the fifth corporate failure, as part of its legacy assets program.

    November 18
  • Lending
    Mortgage Rates Jump Amid Bond Sell-Off

    WASHINGTON – Mortgage rates surged this week from record lows last week amid a sell-off of all kinds of bonds.

    November 18
  • CUJ content
    Malaysian Hacker Bagged With CU Account Data

    NEW YORK – A Malaysian man traveling to the U.S. to sell stolen credit card information was arrested soon after he arrived at Kennedy International Airport with a laptop containing information on more than 400,000 credit card accounts, including that of credit union members.

    November 18
  • Lending
    U Maryland Student Housing Financed By CUs

    COLLEGE PARK, Md. – A $33 million off-campus student housing development financed by area credit unions is scheduled for opening in January.

    November 18
  • CUJ content
    New York CDCUs Get Small Business Venture Funds

    ALBANY, N.Y. – The Empire State Development Corp. awarded $25 million in loan capital yesterday to 20 community development lenders, including four credit unions, from the state’s new Small Business Revolving Loan Fund.

    November 18
  • CUJ content
    Another Big NCUA Spending Hike Raises Ire Among CUs

    ALEXANDRIA, Va. – NCUA’s plan to boost spending by $24.5 million, or 12% next year, to $225 million, including pay raises of as much as 8%, was roundly criticized by the credit union lobby yesterday.

    November 18
  • CUJ content
    NCUA Jacks Up Spending For New Round Of Examiner Hires

    ALEXANDRIA, Va. — The NCUA Board this morning approved a 12% increase in spending for next year, with most of the increased costs dedicated to additional examiner hires to cope with growing losses among credit unions.

    November 18
  • Lending
    Five More CUs CUDL On Auto Lending

    ONTARIO, Calif. – DU Direct Corp. said yesterday it has signed three more credit unions to its CU Direct Lending platform.

    November 17
  • Technology
    DeepTarget Signs Five CUs To Its Online Marketing Solutions

    HUNTSVILLE, Ala. – DeepTarget Inc. said it has added five more credit unions to its clients roster for the company’s online marketing and delivery services.

    November 17
  • Technology
    Kinecta FCU Installs Wolters Kluwer’s Risk Management System

    MANHATTAN BEACH, Calif. – Kinecta FCU said yesterday it signed with Wolters Kluwer Financial Services to implement the company’s ARC Logics for Financial Services offering to proactively measure, monitor and manage risk across all of the credit union's business lines.

    November 17
  • Technology
    Firstmark CU Adds Adobe’s Online Business Software

    SAN ANTONIO – Firstmark CU said yesterday it has elected of Adobe as its provider for online business optimization software.

    November 17
  • Lending
    Los Angeles FCU Partners With City’s Shop LA Program

    LOS ANGELES – Los Angeles FCU has signed with the city of Los Angeles to offer car loans as low as 2%, as part of the growing Shop LA campaign.

    November 17
  • CUJ content
    America’s First FCU’s Long-Time CEO David Adcock Retires

    BIRMINGHAM, Ala. – America’s First FCU announced yesterday that David Adcock, its president and CEO, is retiring after 38 years with the $1.1 billion credit union.

    November 17
  • Technology
    Michigan IT CUSO Gets Economic Development Tax Break

    SOUTHFIELD, Mich. – Member Driven Technologies, a technology CUSO owned by five area credit unions, was awarded a $557,000 state tax credit by the Michigan Economic Development Corp., one of 13 awards announced yesterday.

    November 17
  • Technology
    Technology CU Hires Venture Capitalist To Run MBL Unit

    SAN JOSE, Calif. – Technology CU has hired Herman White, Jr., former managing director and co-founder of Crossbridge Venture Partners, a $40 million venture capital fund, as senior vice president of commercial and business banking.

    November 17
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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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