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Market Intelligence:
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Industry Data
  • CUJ content
    Diebold Breaks Back Into The Black

    NORTH CANTON, Ohio – Aided by a surge in third quarter revenues, ATM maker Diebold moved from the red to the black for the quarter to the tune of $47.5 million.

    October 28
  • Lending
    Franklin Mint FCU Implements Experian’s Marketing Analysis

    BROOMALL, Penn. – Franklin Mint FCU has completed an analysis of its mail marketing using Experian’s Auto In the Market Model.

    October 28
  • CUJ content
    Granite State CU Signs For Fiserv’s Acumen Processing Solution

    MANCHESTER, N.H. – Granite State CU said yesterday it has agreed to install Fiserv’s Acumen in-house account processing solution.

    October 28
  • Lending
    Mortgage Rates Move Slightly Higher For Second Straight Week

    WASHINGTON – Rates on 30-year fixed mortgages rose slightly this week, for the second week in a row, to an average of 4.23%, from 4.21% last week, just above the lowest level in decades.

    October 28
  • CUJ content
    Golden 1 CU Helps Stem California’s Short-Term Cash Crunch

    SACRAMENTO, Calif. – The Golden 1 CU was among six financial institutions this week that bought a total of $6.7 in interim short-term notes to help the state of California pay delinquent bills that piled up during the state’s record-length budget impasse.

    October 28
  • CUJ content
    South Dakota Authorities Flag Phony CU

    PIERRE, S.D. – State financial regulators on Thursday issued a cease and desist order against what appears to be a phony credit union doing business as Denali Alliance Holdings, Credit Union Services, or Alliance CU, based in Springfield, S.D.

    October 28
  • CUJ content
    New Poll Shows Endangered Congressional CU Champion Back On Top

    WILKES-BARRE, Penn. – A new survey commissioned by a local newspaper, The Times Leader, found Democrat Paul Kanjorski, the credit union champion on Capitol Hill, holding an 8-point lead over perennial Republican rival Lou Barletta, 47% to 39%, as Election Day draws near.

    October 28
  • CUJ content
    Study Claims Political Influence In CUs’ Access To Bank Bailout Funds

    WASHINGTON – A study released yesterday concludes that politics influenced which of the 189 credit union applicants received capital infusions announced last month from the Treasury’s bank bailout fund, known as the Troubled Asset Relief Program.

    October 28
  • Corporate credit unions
    Next Group Of Corporate Liquidation Bonds Comprised Of Commercial MBS

    WALL STREET – NCUA will continue the liquidation of U.S. Central FCU and WesCorp FCU next week with the sale of $2.82 billion worth of ten-year Guaranteed Noted comprised of cash-flows from commercial mortgage-backed securities held by the two corporate failures.

    October 28
  • CUJ content
    Equifax Reports Sharply Higher Earnings

    ATLANTA – Credit bureau Equifax on Wednesday said an 11% rise in third quarter revenues helped fuel a 28% rise in earnings for the period.

    October 27
  • Payments
    Visa Charges Ahead As Card Usage Surges

    SAN FRANCISCO – Visa Inc. yesterday reported its four-quarter earnings soared by 51%, to $774 million, as consumers used cards carrying its brand more and transaction processing revenue rose.

    October 27
  • CUJ content
    Hawaii CUs Bid Aloha To Fifth Third Processing

    HONOLULU – Fifth Third Processing Solutions has signed processing deals with four Hawaii credit unions: Hawaiian Tel FCU, Windward Community FCU, The Queen's FCU and Garden Island FCU.

    October 27
  • CUJ content
    Whatcom Educational CU Grants $20,000 To Local Non-Profits

    BELLINGHAM, Wash. – Whatcom Educational CU, through its Social Responsibility Committee, made $20,248 in donations to 21 local organizations this month.

    October 27
  • Branch network
    High School Utility Closet Spawns CU Branch

    EWING, N.J. – At Ewing High School, a former closet has become a student-run branch for the Blue Devil Branch of Credit Union of New Jersey.

    October 27
  • CUJ content
    CFCU Community CU’s Robert Witty Ends 42 Years At New York CU

    ITHACA, N.Y. – CFCU Community FCU said Robert Witty, president of the $700 million credit union, will retire at year end after 42 years with the credit union.

    October 27
  • CUJ content
    First Service CU Makes Right Choice With Houston Merger

    HOUSTON – First Service CU on Wednesday announced it is combining with Right Choice CU in the most recent of Houston credit union marriages.

    October 27
  • CUJ content
    Office Manager, Husband Guilty Of Faked $210,000 CU Robbery

    WORCESTER, Mass. – The former officer manager for Wyman-Gordon FCU and her husband were found guilty of stealing more than $210,000 from the credit union by staging a 2002 robbery.

    October 27
  • Performance reports
    Financials Slide More At Two Wards Of NCUA: Arrowhead CU, Keys FCU

    ALEXANDRIA, Va. – NCUA continues to shop for merger mates for two prominent credit unions taken over during the past year, California’s Arrowhead Central CU and Florida’s Keys FCU, even as the financial condition of both continued to deteriorate in the third quarter.

    October 27
  • CUJ content
    Kinecta-NuVision Mega-Merger On Track

    MANHATTAN BEACH, Calif. – The boards of Kinecta FCU and NuVision FCU have completed their due diligence and signed a formal intent to combine the two credit unions, the latest of a string of huge mergers remaking the credit union landscape.

    October 27
  • CUJ content
    uGenius Wins Patent For Video Teller

    SANDY, Utah – uGenius Technology has won a U.S. Patent for the video 24/7 Personal Teller it is piloting at credit unions and banks.

    October 27
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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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