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Market Intelligence:
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Industry Data
  • Technology
    Chartway FCU Banks On FIS For Mobile Services

    VIRGINIA BEACH, Va. – Chartway FCU said yesterday it has implemented the FIS Mobile Banking platform from Fidelity National Information Services.

    October 13
  • Technology
    Pennsylvania State Employees CU Adds Firethorn’s Mobile Banking

    HARRISBURG, Penn. – Pennsylvania State Employees CU has introduced mobile banking through Firethorn Holdings LLC, a wholly owned unit of Qualcomm Inc.

    October 13
  • CUJ content
    Texans CU Takes Its Dispute Over Failed $30 Million Member Business Loan To Court

    DALLAS – Credit Union Liquidity Services, a wholly owned CUSO of Texans CU, has filed suit in federal court over a failed commercial/residential development in nearby Rockwall that defaulted on a $30 million member business loan.

    October 13
  • CUJ content
    Merger Of CU Giants OK’d

    PALO ALTO, Calif. – NCUA said yesterday it has approved the combination of Addison Avenue FCU and First Tech CU in the biggest credit union merger ever.

    October 13
  • Lending
    NCUA Clears CUSO To Broker Taxi Loans

    ALEXANDRIA, Va. – NCUA ruled that credit union service organizations may act as loan brokers for the purchase of New York City tax medallions.

    October 13
  • Lending
    Group Plans Secondary Market For MBLs

    PHILADELPHIA – A group of as many as 10 credit unions is planning to revive a once-abandoned initiative to create a publicly traded mutual fund by pooling member business loans originated by credit unions.

    October 13
  • Corporate credit unions
    Strong Demand At Launch Of NCUA Corporate Bailout Bonds

    WALL STREET – Traders yesterday were anxiously awaiting the first offering, expected as soon a late yesterday, of NCUA Guaranteed Notes, the bonds derived from cash flows on toxic assets held by the corporate credit unions that carry a full federal guarantee.

    October 13
  • Performance reports
    Fraud-Induced Cleveland CU Failure To Cost NCUA $170 Million

    ALEXANDRIA, Va. – NCUA reported this morning that May’s failure of St. Paul Croatian FCU was caused by fraud and will cost the National CU Share Insurance Fund as much as $170 million in losses, one of the biggest losses ever for a non-corporate credit union.

    October 13
  • CUJ content
    New Poll Shows Long-Time Congressional Champ Kanjorski On The Ropes

    WILKES-BARRE, Penn. – A new voter poll released this morning shows Democrat Paul Kanjorski, the staunchest credit union ally in Congress, trailing his Republican challenger Lou Barletta going into the final two weeks of the campaign.

    October 13
  • CUJ content
    AEDC FCU's Jimmie Beardon, Longtime CU Leader, Passes

    TULLAHOMA, Tenn. – Jimmie Bearden, the well-known and long-serving president of AEDC FCU, now known as Ascend FCU, has died.

    October 12
  • CUJ content
    SCE FCU Foundation Awards $12,000 In Scholarships

    LOS ANGELES – The SCE Federal Credit Union Foundation launched its program to award scholarships to graduating seniors and undergraduate college students that demonstrate financial need and academic excellence as well as a commitment to their community.

    October 12
  • CUJ content
    Early Morning Burglar Captured Inside Security One FCU

    ARLINGTON, Texas – A teenager who broke into Security One FCU early Monday morning was captured inside the branch after police searched the building.

    October 12
  • CUJ content
    Money For School Milk Sponsored By CUs

    BELLINGHAM, Wash. – Pacific Northwest CU and GaPac Community FCU are raising funds for Bellingham Food Bank's Milk Money program this month.

    October 12
  • Branch network
    LOC FCU Opens 16th In-School Branch

    FARMINGTON, Mich. – LOC FCU opened its 16th in-school branch at Hillside Elementary School in Farmington Hills.

    October 12
  • CUJ content
    Summit CU Promotes Kim Sponem To CEO

    MADISON, Wis. – Summit CU on Tuesday said Kim Sponem, the former president of CUNA CU (subsequently Great Wisconsin CU), has been promoted to CEO upon the retirement of its longtime CEO Andy Faust.

    October 12
  • CUJ content
    Denali Alaskan FCU Adds Online Security From AccelOps

    ANCHORAGE, Alaska – Denali Alaskan FCU has signed with AccelOps to implement the company’s Security Information Event Management system for integrated network security, log, identity and configuration monitoring.

    October 12
  • Technology
    Orange County’s CU Implements Mobile Banking By Tyfone

    SANTA ANA, Calif. – Orange County’s CU has introduced a mobile banking platform by Tyfone of Portland, Ore.

    October 12
  • Payments
    ESL FCU Blocks Cards After Grocer Reveals Card Skimming

    ROCHESTER, N.Y. – ESL FCU has blocked almost 4,000 credit/debit card accounts after regional grocery store chain ALDI reported a security breach and the theft of card account information.

    October 12
  • CUJ content
    Robins FCU ‘Pays it Forward’ In Supermarket Giveaway

    MACON, Ga. – Robins FCU is taking the “Pay It Forward” concept of giving to strangers a bit further by stopping random shoppers and paying for their groceries.

    October 12
  • CUJ content
    CUNA Pours New Funds Into Campaign For Missouri Senate Seat

    JEFFERSON CITY, Mo. – CUNA yesterday entered the tight race for the Missouri Senate seat and paid $152,500 for a series of independent radio ads on behalf of Republican Rep. Roy Blunt, who is running against Democrat Robin Carnahan, the credit union group’s fifth independent campaign expenditure over the past week.

    October 12
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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.

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