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  • CUJ content
    Three More Bank Failures Make 132 For Year

    WASHINGTON – The FDIC said three more banks were shuttered Friday, two in Missouri and one in Kansas, making 132 failures so far in 2010.

    October 17
  • CUJ content
    First Tech, Addison Ave Merger Approved By Oregon Regulator, Member Vote Next

    PALO ALTO, Calif. – Just days after their proposed merger received approval from NCUA, Addison Avenue FCU, based here, and First Tech CU, Beaverton, Ore., said the Oregon regulator has signed off on the deal.

    October 17
  • Corporate credit unions
    NCUA Mulls Charges Against CU Execs In Corporate Failures

    ALEXANDRIA, Va. – NCUA is investigating whether to bring charges against dozens of directors of the three recent corporate credit union failures – including CEOs of some of the nation’s biggest credit unions – just as it did in the failure of WesCorp FCU.

    October 17
  • Corporate credit unions
    NCUA’s Corporate Bonds Come To Market This Morning

    WALL STREET – The long-awaited sale of $3.8 billion of NCUA’s Guaranteed Notes, created from the detritus of U.S. Central FCU, will commence this morning, when the bonds are priced and sold.

    October 17
  • CUJ content
    Husband, Wife Confess To 10-State Robbery Spree

    GREENVILLE, Tenn. – A husband-and-wife team pleaded guilty yesterday to a 10-state bank robbery spree that hit 11 credit unions and banks over three months, including Diamond Valley CU in Evansville, Ind. and Appalachian Community FCU in Kingsport, Tenn.

    October 14
  • CUJ content
    Clerk At Navy Clinic Tapped Into Accounts At Navy Fed

    LEXINGTON PARK, Md. – A front desk clerk at the Navy clinic at Patuxent River Naval Air Station was charged with stealing account information from Navy FCU members to drain as much as $50,000 from their accounts.

    October 14
  • CUJ content
    New York’s SEFCU Gives $40,000 To Boys & Girls Club

    ALBANY, N.Y. – SEFCU donated $40,000 to the Boys and Girls Club, the biggest donation from $95,000 raised for the local non-profit.

    October 14
  • CUJ content
    SELCO Community CU Feeds Local Food Banks

    EUGENE, Ore. – Employees of SELCO community CU contributed almost 6,000 pounds of food to four local food banks.

    October 14
  • CUJ content
    CASE CU Gives $15,000 To Build Playground For Handicapped Kids

    LANSING, Mich. – CASE CU said its CSE Cares foundation will donate the $15,000 grant it received from the Art Van chain of furniture stores’ annual Charity Challenge to install an accessible playground in Potter Park for people with disabilities.

    October 14
  • CUJ content
    Clearwater CU Employee Recovers 1,000 Kids Books Thrown In Dumpster

    LEWISTON, Idaho – An employee found something unexpected in the dumpster Wednesday when she went to throw out the trash – a pile of books, most of them children’s books, that turned out to be 1,000 in number.

    October 14
  • Branch network
    Navy Federal Expands To Arizona’s Luke Air Force Base With 205th Branch

    VIENNA, Va. – Navy FCU said yesterday it is opening its first Air Force branch in Arizona to serve the 56th Fighter Wing at Luke Air Force Base.

    October 14
  • Lending
    Mortgage Rates Keep Falling To New Lows

    WASHINGTON – Mortgage rates fell for a third straight week to their lowest levels in recorded history, even as housing demand continues to slump.

    October 14
  • CUJ content
    CUNA Pours More Funds Into Oregon’s Fifth House District

    SALEM, Ore. – CUNA on Thursday spent another $52,260 on mailings boosting endangered House freshman Kurt Schrader, who is fighting against state Sen. Scott Bruun for his political life.

    October 14
  • Corporate credit unions
    Initial Offering Of NCUA Corporate Notes Split Between Fixed-Rate, Floating-Rate Securities

    WALL STREET – The initial offering of $3.8 billion of NCUA Guaranteed Notes, securitized by toxic assets owned by U.S. Central FCU, will be split into two pools: one with a fixed interest rate and the other with a floating rate.

    October 14
  • CUJ content
    Manager Faked Her Abduction In $210,000 CU Heist

    WORCESTER, Mass. – A police detective testified he found the office manager of Wyman-Gordon FCU tied loosely to a chair with little restraint when authorities arrived at the credit union the morning of Aug. 27, 2002, in response to a $210,000 robbery.

    October 14
  • CUJ content
    NCUA Reins In De-Regulatory Act

    ALEXANDRIA, Va. – NCUA, responding to growing losses among credit unions, is expected next week to cut back on its seven-year-old program known as regulatory flexibility, or Reg-Flex, which rewards healthy credit unions with more regulatory leeway.

    October 14
  • Corporate credit unions
    NCUA Begins Liquidation Of Corporates

    ALEXANDRIA, Va. – In a move unthinkable just two years ago, NCUA began a fire sale this week of corporate credit union assets, realizing billions of dollars in losses that will trickle down to members of America’s credit unions over the next decade.

    October 14
  • CUJ content
    State Employees’ CU’s $2 Million Grant Helps Build New Critical Care Hospice

    WINSTON-SALEM, N.C. – Officials broke ground Tuesday on a $5 million Hospice and Palliative Care Center that will be funded in part by a $2 million grant from State Employees’ CU’s SECU Foundation.

    October 13
  • CUJ content
    Horizon FCU Signs With TRC Interactive For Online Teller Training

    WILLIAMSPORT, Penn. – Horizon FCU has selected TRC Interactive to train its staff with the company’s TellerSolutionOnline.

    October 13
  • Branch network
    Oregon’s First Tech CU Expands In Seattle

    BEAVERTON, Ore. – First Tech CU said it opened its first downtown Seattle branch last week, the fifth Seattle-area branch for the $2.2 billion credit union.

    October 13
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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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