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Market Intelligence:
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  • CUJ content
    Invest In America Donates $700K To Biz Kid$

    LIVONIA, Mich. – CU Village, through its Invest in America (IIA) program, said it will provide $700,000 toward the national underwriting of Biz Kid$, the Emmy Award winning and CU-funded TV series that airs on PBS stations across the U.S. and which seeks to teach kids about money management and entrepreneurship.

    September 22
  • Technology
    Mission FCU Pilots TMG’s Anti-Skimming Technology

    SAN DIEGO – Mission FCU has become one of the first credit unions to implement an anti-skimming ATM technology offered by The Members Group through ADT Security Services.

    September 22
  • CUJ content
    Members United Corporate FCU Offers Altisource’s Distressed Loan Services

    WARRENVILLE, Ill. – Members United Corporate FCU has signed with Altisource Portfolio Solutions to offer the company’s origination, modification, loss mitigation and real estate services to its 2,100 credit union members.

    September 22
  • Technology
    FORUM CU Adds EasCorp’s DeposZip Mobile Remote Deposit

    FISHERS, Ind. – FORUM CU has signed with EasCorp FCU’s Vertifi Software LLC CUSO to implement the company’s DeposZip Mobile remote deposit capture service through downloadable software applications for smartphones.

    September 22
  • Lending
    GTE FCU CUDLs On Lending Software

    TAMPA, Fla. – GTE FCU said yesterday it signed with CU Direct to integrate its back-office processing and loan origination with CUDL’s national auto lending platform.

    September 22
  • CUJ content
    Eli Lilly FCU Installs Open Solutions’ DNA Core Processing

    INDIANAPOLIS – Eli Lilly FCU completed the conversion to Open Solutions’ modern DNA enterprise-wide relational core platform to manage its processing needs.

    September 22
  • CUJ content
    Appointment Of Consumer Financial Products Czar Rankles Republicans

    WASHINGTON – Republican lawmakers yesterday criticized President Obama’s appointment last week of consumer advocate Elizabeth Warren to an advisory role creating the new Consumer Financial Protection Bureau, bypassing Senate confirmation which would have been needed if Warren were nominated as director of the new agency.

    September 22
  • CUJ content
    New Consumer Czar Greeted by Skeptical CU Leaders

    Newly appointed chief of the Consumer Financial Protection Bureau, Elizabeth Warren, tried to ease concerns of a dubious group of credit unions leaders.

    September 22
  • Payments
    Net Income Falls At Discover Financial Minus Antitrust Payments

    RIVERWOODS, Ill. – Discover Financial Services on Tuesday reported a 55% decline in third quarter earnings to $260.6 million, from last year’s $577.5 million, which included a $287 million gain from the company’s antitrust settlements with MasterCard and Visa.

    September 21
  • Payments
    Fifth Third Processing Acquires Prepaid Card Processor

    CINCINNATI – Fifth Third Processing, fresh off last week’s acquisition of National Processing Company, on Tuesday said it has agreed to acquire selected assets of Springbok Services, including the company’s reloadable prepaid card processing platform.

    September 21
  • Payments
    Member Can Sue Pentagon FCU For Cancelling Visa Account

    CHICAGO – A federal judge allowed a member to sue Pentagon FCU for breach of contract and discrimination after it canceled his Visa account, allegedly because his income dropped following a railroad injury.

    September 21
  • CUJ content
    California CU Rewards 16 ‘Teachers Of The Year’ With $1,000 Prizes

    GLENDALE, Calif. – Sixteen winners were named as the 2010-11 Los Angeles County "Teachers of the Year'' Monday in the state's largest honors competition for K-12 educators, each receiving a $1,000 award from California CU, the program’s main sponsor.

    September 21
  • Technology
    Baxter CU Signs For EasCorp’s DeposZip Mobile Remote Deposit

    VERNON HILLS, Ill. – Baxter CU has signed with EasCorp FCU’s Vertifi Software LLC CUSO to implement the company’s DeposZip Mobile remote deposit capture service through downloadable software applications for smartphones.

    September 21
  • Branch network
    Mid-Hudson Valley FCU Adds Three Around-The-Clock Branches

    KINGSTON, N.Y. – Mid-Hudson Valley FCU, which has been piloting 24/7 branches, said it is opening three more of the full-service facilities in the coming months.

    September 21
  • CUJ content
    Iowa’s TMG Financial Services Offers CUSO Funding

    DES MOINES, Iowa – TMG Financial Services, an affiliate of the Iowa CU League, has introduced financing alternatives for CUSOs through a new newly created operation called CU Structured Finance LLC.

    September 21
  • CUJ content
    Denver Ring Charged In Counterfeit CU Check Scheme

    DENVER – Authorities seized $360,000 in counterfeit checks from four area credit unions and arrested 13 people in connection with a counterfeit check operation that allegedly enabled the group to steal almost $62,000 during a six-week period.

    September 21
  • CUJ content
    Big Florida Merger Moves Ahead

    TAMPA, Fla. – In one of the biggest mergers of the year, members of troubled Bay Gulf FCU approved the merger of the one-time $220 million credit union into MidFlorida CU, the state’s seventh-biggest credit union with $1.4 billion in assets.

    September 21
  • Corporate credit unions
    WesCorp Suit Poses Legal Jeopardy For CUNA’s Cheney

    WASHINGTON – Credit union executives and directors are wondering whether new CUNA President Bill Cheney will be restricted in lobbying NCUA because of the lawsuit the agency has brought over Cheney’s tenure on the board of WesCorp FCU.

    September 21
  • CUJ content
    Michigan Regulators Shut Down Fake CU

    LANSING, Mich. – State regulators say a Grand Haven-based credit union called Whitestone CU may have been operating a scam and ordered it to stop doing business yesterday.

    September 21
  • CUJ content
    NCUA Plans Massive Securitization Of Toxic Assets Held By Corporate CUs

    WASHINGTON — NCUA is putting together a plan to collect as much as $50 billion of underwater mortgage-backed securities held by corporate credit unions and securitize them for sale on the open market as part of its plan to resucitate the troubled corporate system.

    September 21
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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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