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  • Branch network
    Navy Fed Lands Inside The Pentagon

    ALEXANDRIA, Va. – Navy FCU said this morning it will open its 206th branch on Monday, its first inside the Pentagon, headquarters for the U.S. Department of Defense.

    November 12
  • CUJ content
    Ex-Florida A&M University FCU President Proclaims Innocence In Embezzlement Trial

    TALLAHASSEE, Fla. – The former president of Florida A&M University FCU and a former program director at the University insisted during their trial this week they were innocent of stealing $135,000 of U.S. Department of Housing and Urban Development funds administered by the credit union.

    November 11
  • CUJ content
    Merrimack Valley FCU Gives Away 50-inch TV For Charity

    HAVERHILL, Mass. – Merrimack Valley FCU gave away a 50-inch Plasma tv to raise money for charity.

    November 11
  • CUJ content
    Randolph-Brooks FCU Pilots New Charity Bid

    LIVE OAK, Texas – Members and non-members of Randolph-Brooks FCU will able to donate money to charity starting Monday simply by visiting a branch, snapping a photo of themselves on site and checking-in through location-based social networking tools Foursquare, Facebook or Twitter.

    November 11
  • CUJ content
    La Capitol FCU Promotes CFO To CEO

    BATON ROUGE, La. – La Capitol FCU said it named Michael Hooper, who has been with the credit union since 1993, the last ten years as chief financial officer, as its new president and CEO.

    November 11
  • Technology
    IAA CU Chooses TRC Interactive’s Fraud Prevention System

    BLOOMINGTON, Ill. – IAA CU has signed with TRC Interactive to implement the company’s First Line of Defense ~ Fraud Detection and Loss Prevention Challenge, an online interactive experiential exercise for banks and credit unions that helps keep their staff sharp, focused and alert to the latest scams.

    November 11
  • Lending
    Mortgage Rates Plunge To New Depths

    WASHINGTON – Mortgage rates fell this week for the first time in a month, towards their lowest on record, according to Freddie Mac.

    November 11
  • Technology
    Angel Investor Bows Out At Cardtronics

    HOUSTON – Cardtronics said Fred Lummis, whose CapStreet investment funds built the company into the largest ATM fleet in the world, resigned as chairman of the board, where he has served since his private equity fund bought control of the fledgling independent service organization in 2001.

    November 11
  • Corporate credit unions
    NCUA Moves Fast To Shore Up New Corporate Rule

    ALEXANDRIA, Va. – NCUA is planning to amend its new corporate credit union regulation next week–even as the ink is still drying on the new rule passed just weeks ago--by restricting credit union membership to a single corporate and providing additional sources of revenue for corporates.

    November 11
  • Corporate credit unions
    Corporate Sues NCUA For U.S. Central Records

    BIRMINGHAM, Ala. – Corporate America CU, searching for an accounting for the ill-fated capital conversion at U.S. Central FCU in the winter of 2008, filed suit against NCUA yesterday seeking some 750,000 pages of records related to the failure of the one-time $52 billion corporate credit union.

    November 11
  • CUJ content
    Robber Gets Life In Prison For Scaring Elderly Women To Death During Escape

    CHARLOTTE, N.C. – A man who failed in his attempt to rob Fort Financial CU in nearby Gastonia in 2008 was sentenced to life in prison yesterday for literally scaring a woman to death while running from police after the foiled heist.

    November 10
  • CUJ content
    Arizona’s First American CU Names CU Veteran As CEO

    CASA GRANDE, Ariz. – First American CU has hired Rico Bautista, former president of GHS FCU in Binghamton, N.Y., as president and CEO of the $75 million credit union.

    November 10
  • CUJ content
    La Capitol FCU’s CEO Susan Parry Leake Retires

    BATON ROUGE, La. – La Capitol FCU said it is looking for a new CEO as Susan Parry Leake is retiring after 26 years with the credit union, the past ten as president and CEO.

    November 10
  • CUJ content
    Members Dispense With Dixie Cup Employees FCU

    BETHLEHEM, Penn. – Members of tiny Dixie Cup Employees FCU, serving employees of the iconic disposal cup manufacturer, voted to merge their $1.2 million credit union into $480 million First Commonwealth FCU in nearby Lehigh Valley.

    November 10
  • Branch network
    Washington’s HAPO Community CU Pushes Into Oregon

    RICHLAND, Wash. – HAPO Community CU plans to build its first Oregon branch after receiving regulatory approval to serve residents of Oregon’s Umatilla County.

    November 10
  • Technology
    Michigan State University FCU Installs DigitalPersona’s Fingerprint ID Readers

    EAST LANSING, Mich. – Michigan State University FCU said yesterday it has deployed DigitalPersona Pro software and U.are.U Fingerprint Readers.

    November 10
  • Lending
    Evangelical Christian CU Forecloses On Another Troubled Church

    MECKLENBURG, N.C. – California’s Evangelical Christian CU, one of the biggest church lenders in the country, is expected to sell Greater Salem Church in another foreclosure, after the church’s pastor was convicted of siphoning millions of dollars in funds that were meant to pay the mortgage.

    November 10
  • CUJ content
    Three Arrested For Seattle-Area Card Skimming

    SEATTLE – Three foreign nationals were charged yesterday with using ATM skimmers to steal credit card information from dozens of credit union and bank customers and using counterfeit cards to steal as much as $400,000 from area ATMs.

    November 10
  • Corporate credit unions
    WesCorp Figures Face Millions In Legal Fees

    LOS ANGELES – A dozen former executives and directors of WesCorp FCU being sued by NCUA over the failure of the one-time $34 billion corporate credit union could be left holding the bag for millions of dollars in legal fees under a clause in their Directors and Office liability insurance.

    November 10
  • Branch network
    Court Blocks $1 Land Deal For New CU Headquarters

    IOWA CITY, Iowa – A state court ordered a halt yesterday to a controversial transaction that would allow the University of Iowa Community CU to buy 20 acres of land in nearby North Liberty for $1 to build a new headquarters as part of a planned 64-acre development.

    November 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.

ABM1025_Cover.jpg

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