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Market Intelligence:
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Industry Data
  • Lending
    Long-Term Mortgage Rates Inch Up

    WASHINGTON – Mortgage rates moved slightly higher this week, after declining to record lows for the past 11 weeks, according to Freddie Mac.

    September 9
  • CUJ content
    CUNA Makes Special Election Bid For Tea Party-Backed CU Director

    MANCHESTER, N.H. – In an unusual independent campaign initiative, CUNA is airing radio ads over the next few days for Senate candidate Ovide Lamontagne, chairman of the board of St. Mary’s Bank, the nation’s first credit union, who is running in Tuesday’s Republican primary.

    September 9
  • Corporate credit unions
    CUs Abandoning Corporate System

    WASHINGTON – Credit unions are pulling their time deposits from the corporate system at increasing rates in recent months, with the corporates’ share of the movement’s investable funds falling to a 30-year low of just 7.7% as of the end of July, according to CUNA.

    September 9
  • Corporate credit unions
    NCUA Puts Off Vote On Corporate Rule

    ALEXANDRIA, Va. – NCUA Board’s monthly meeting next week will be conspicuous for what is not in it, rather than what is in it–the Board will not vote on a final corporate credit union rule, as had been expected.

    September 9
  • CUJ content
    Former CU Exec Arrested For Fraud

    BARSTOW, Calif. – The former CEO of Barstow Railway Employee CU was arrested Tuesday on suspicion of fraud and filing false accounting records.

    September 8
  • CUJ content
    ‘Mrs. Doubtfire Bandit’ Sought In Alaska USA FCU Robberies

    SEATTLE – A man dressed as a woman – just like the title character in the one-time hit movie “Mrs. Doubtfire” – is believed responsible for at least six local robberies since April, including two at Alaska USA FCU branches.

    September 8
  • CUJ content
    Former CU Exec To Head CU Association Of Oklahoma

    OKLAHOMA CITY, Okla. – The CU Association of Oklahoma announced yesterday it hired Gary Jones, its lobbyist and currently interim CEO, as president and CEO.

    September 8
  • CUJ content
    Navigator CU Organizes Fundraiser To Help Clean Up Gulf Oil Spill

    PASCAGOULA, Miss. – In an effort to raise support for the ongoing Gulf oil spill clean up and restoration, Navigator CU created the Coast Aid benefit concert.

    September 8
  • Payments
    Iowa’s TMG Financial Services Goes To The Jersey Shore FCU

    DES MOINES, Iowa – TMG Financial Services said yesterday it purchased credit card portfolios from The Jersey Shore FCU and Community 1st CU.

    September 8
  • Lending
    Fiserv Loan Servicing Platform Now Called LoanServ

    BROOKFIELD, Wis. – Fiserv said yesterday it is changing the name of its Loan Servicing Platform to LoanServ.

    September 8
  • Technology
    MasterCard Launches BlackBerry P2P Payments

    PURCHASE, N.Y. – MasterCard on Wednesday announced the availability of the MasterCard MoneySend person-to-person money transfer service for BlackBerry smartphones.

    September 8
  • Technology
    ViVOtech, DeviceFidelity Convert Smartphones Into Contactless Payment Devices

    SANTA CLARA, Calif. – ViVOtech and DeviceFidelity announced a joint solution they say brings contactless mobile payment, loyalty, transit, ticketing and coupon redemption capabilities to leading smartphones, including BlackBerrys and iPhones.

    September 8
  • CUJ content
    Bethpage FCU Teams With Hockey’s New York Islanders

    BETHPAGE, N.Y. – Bethpage FCU announced yesterday the renewal of its sponsorship deal with professional hockey’s New York Islanders, under which the $3 billion credit union will present a number of team community initiatives including the Islanders Kids Club, the Islanders Community Events (I.C.E.) Tour and Islanders at School Program.

    September 8
  • CUJ content
    Private Deposit Insurer ASI Announces Second Special Assessment

    DUBLIN, Ohio – Private credit union insurer ASI, battered by losses among its Nevada credit unions, announced a 15 basis points special premium assessment for 2010, its second in a row.

    September 8
  • CUJ content
    Congressional Elections To Bring More Gridlock

    WASHINGTON – The credit union lobby is cautiously predicting a Republican takeover of the House of Representatives, with Democrats retaining a slim majority in the Senate, creating a more evenly split Congress – and more gridlock.

    September 8
  • CUJ content
    CORRECTION Re: CO-OP’s Revelation

    An item in Tuesday’s CU Journal Daily Briefing incorrectly stated CO-OP will be rolling out CO-OP Revelation, a portfolio optimization tool that marries transactional data with demographic data. CO-OP Revelation is an existing product with a number of clients.

    September 7
  • CUJ content
    Independent ATM Network Refinances Debt

    CHERRY HILL, N.J. – Access To Money, which operates 12,000 ATMs across the country, on Tuesday said it has obtained $5.5 million in new financing that will allow it to refinance debt from venture funds at a savings of $500,000 a year.

    September 7
  • CUJ content
    1st Choice Credit Union Implements Open Solutions’ DNA

    ATLANTA – 1st choice CU has chosen Open Solutions Inc.’s DNA-sme for its core processing system.

    September 7
  • CUJ content
    Great Falls Teachers FCU Offers Weekly School Grants

    GREAT FALLS, Mont. – Great Falls Teachers FCU awarded a $500 grant to Holy Spirit Catholic School on Tuesday as part of its weekly "Back To School Bucks” grant program.

    September 7
  • CUJ content
    Amplify CU Funds ‘Moveable Playground’

    AUSTIN, Texas – Amplify CU has donated $12,000 for creation of a new concept in children’s playground that encourages kids to have open-ended and free play with the movable pieces that promote creativity.

    September 7
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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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