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Market Intelligence:
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Industry Data
  • CUJ content
    CORRECTION

    Credit Union Liquidity Services, a CUSO of Texans CU, is not now nor has it ever been in bankruptcy.

    October 20
  • CUJ content
    Five Armed Robberies Earn Eight Years Behind Bars

    OMAHA, Neb. – A 31-year-old local man was sentenced to 100 months in prison for five armed robberies, including last January’s holdup at Telco CU in nearby Council Bluffs, Iowa.

    October 20
  • CUJ content
    Western Cooperative CU Gives $50,000 To Hospital Building Fund

    WILLISTON, N.D. – Western Cooperative CU has pledged a $50,000 donation to the Mercy Medical Center capital campaign, which is raising funds for a cancer center.

    October 20
  • CUJ content
    Alliant CU Pulls For Charity

    CHICAGO – A team of 20 Alliant CU employees pulled a 99-ton UPS Airbus aircraft 20 feet at O’Hare International Airport as part of the 2010 Plane Pull to benefit Special Olympics Illinois.

    October 20
  • CUJ content
    North Carolina SECU’s Annual Meeting Draws More Than 1,000

    RALEIGH, N.C. – At a time when credit unions are struggling to attract people to their annual meetings, a luncheon and educational sessions helped North Carolina State Employees’ CU draw more than 1,000 members to its annual meeting in Greensboro last week.

    October 20
  • CUJ content
    Smart Financial CU Sues Over Computer Glitch That Granted Unwarranted Credit

    HOUSTON – Smart Financial CU last week filed suit against Open Solutions Inc., claiming the company installed software at the credit union that allowed a member who had lost his line of credit to allegedly borrow $130,000.

    October 20
  • CUJ content
    ORNL FCU Finances Historic Knoxville Renovation

    KNOXVILLE, Tenn. – ORNL FCU has agreed to finance the purchase and renovation of a historic Market Square building, known as the Kern Building, home of the Hotel St. Oliver.

    October 20
  • Growth strategies
    Miami CU Powers Into Florida’s Keys

    PEMBROKE PINES, Fla. – State regulators approved a request from Power Financial CU to expand into Florida’s Keys, a 160-mile string of connected islands south of Miami.

    October 20
  • Branch network
    Pelican State CU Opens In-Hospital Branch

    BATON ROUGE, La. – Pelican State CU is building a full service branch on the first floor of E. A. Conway Medical Center in nearby Monroe.

    October 20
  • Technology
    Delta Community CU Implements Fiserv’s Mobile Money

    ATLANTA – Delta Community CU said more than 10,000 members have signed on to its mobile banking service, provided by Fiserv.

    October 20
  • Technology
    BECU Introduces Cyber Concierge

    TUKWILA, Wash. – BECU members now can use a newly launched virtual assistant, “Ask BECU,” at the credit union’s website, to find information by simply entering questions in their own words – just as though they were interacting with an actual BECU representative.

    October 20
  • CUJ content
    Credit Unions Celebrate International CU Day

    WEST PALM BEACH, Fla. – On Jan. 17, 1917, the Credit Union League of Massachusetts helped create the first Credit Union Day in the U.S., with the date selected because it was the birthday of the Father of Thrift, Benjamin Franklin.

    October 20
  • Branch network
    BAI: Branches Not Dead Yet

    LAS VEGAS – Branches are evolving as consumers’ desires and expectations are changing, but despite reports to the contrary branches are still important to consumers.

    October 20
  • CUJ content
    CUNA Opens Spigots On Campaign Cash

    WASHINGTON – CUNA on Wednesday said it spent more than $480,000 on elections activities last month – the vast majority on campaign contributions – as the final days of the mid-term elections approach.

    October 20
  • CUJ content
    Patent Ruling Raises Stake In Check 21 Suit

    DALLAS – A judge’s ruling in a suit challenging patent rights for Check 21 technology could bring Bank of America and other major defendants in the case to the negotiating table, just as an additional trial in the case commences.

    October 20
  • CUJ content
    Fannie Mae Sues Insurers Over $140 Million CU Mortgage Fraud

    WASHINGTON – Fannie Mae on Wednesday filed suit against several insurers, including Great American Financial Resources Inc. and The Travelers Cos., claiming they are responsible for losses on the $131 million Fannie Mae paid for fraudulent mortgage loans it bought from U.S. Mortgage Corp. and its CU National Mortgage subsidiary.

    October 20
  • CUJ content
    Financial Derivatives Push Sallie Mae Deep Into The Red

    RESTON, Va. – Student loan giant Sallie Mae, which is in the midst of another restructuring after student loan legislation that changed the market, on Tuesday reported that net mark-to-market losses on its hedging caused a $495 million loss for its fiscal third quarter, compared to a $159 million net for the same quarter last year.

    October 19
  • Branch network
    Gesa CU Opens Three In-School Branches

    KENNEWICK, Wash. – In one of the more ambitious moves in student-run branches in recent years, Gesa CU has opened new branches in three local high schools.

    October 19
  • Technology
    BECU Launches Firethorn’s Mobile Banking Solution

    TUKWILA, Wash. – BECU has rolled out a new mobile banking application by Forethorn Holdings LLC, a unit of Qualcomm Inc.

    October 19
  • Technology
    Mississippi FCU Signs With Symitar For Cruise Processing

    JACKSON, Miss. – Mississippi FCU has implemented Jack Henry & Associates’ Windows-based, .NET-architected Cruise core processing platform provided by its Symitar division.

    October 19
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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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