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Market Intelligence:
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Industry Data
  • CUJ content
    Widow Of Armored Truck Guard To Testify In Death Penalty Case

    DETROIT – The widow of the armored-truck courier slain in an ATM robbery at DFCU Financial in 2001 is expected to testify next week as a federal jury in Detroit decides whether to order a death sentence for a convicted killer.

    August 5
  • Lending
    Self-Help Fund Taps Into Federal Home Loan Bank

    DURHAM, N.C. – The Center for Community Self-Help, parent of two community development credit unions, said yesterday its Self-Help Ventures Fund has been accepted as a member of the Federal Home Loan Bank of Atlanta, the Bank’s first CDFI-affiliated organization allowed under the 2008 Housing and Economic Recovery Act.

    August 5
  • Lending
    Mortgage Rates Keep Falling

    WASHINGTON – Home loan rates continued to decline to five-decade lows this week amid concerns about the state of the economy, according to Freddie Mac.

    August 5
  • CUJ content
    Online Resources Reports Second Quarter Loss

    CHANTILLY, Va. – Online Resources Corp. said yesterday second quarter losses were $1.3 million, down from $1.7 million a year ago, as revenues slid almost 4% to $36.4 million.

    August 5
  • CUJ content
    Checks Business Continues To Erode At Harland Clarke

    ATLANTA – Harland Clarke Holdings, the nation’s largest check printer, said yesterday its core checks business continued to decline in the second quarter, as consolidated revenues declined almost 1% to $423.3 million.

    August 5
  • CUJ content
    Fannie Mae Posts $3.1 Billion Loss

    WASHINGTON – Fannie Mae continued to hemorrhage red ink in the second quarter, reporting a $3.13 billion loss for the period yesterday – prompting a request for an additional $1.5 billion in taxpayer aid.

    August 5
  • CUJ content
    CU Direct CUDLs Up To New Brand

    ONTARIO, Calif. – CU Direct Corp., the parent of CU Direct Lending, and its Lending Insights operation, announced a new brand yesterday – it now is known as Lending 360 as it prepares to launch a new loan origination system.

    August 4
  • CUJ content
    S1 Reports Net Loss On Fall In Revenues

    ATLANTA – S1 Corp. reported a $1.8 million loss for the second quarter, based on a 15% decline in revenues for the period to $51.8 million.

    August 4
  • CUJ content
    Jack Henry Adds INETCO’s Payments ID Service

    MONETT, Mo. – Jack Henry & Associates said it will deploy INETCO Systems Ltd.’s Insight to further improve customer service and reduce the possible risk of downtime in its expanding payment processing business.

    August 4
  • CUJ content
    Cardtronics Reports Earnings Growth On Strong Second Quarter

    HOUSTON – Cardtronics, which provides 30,000 ATMs for credit unions, reported a tripling in second quarter earnings to $8.2 million, on a 7% increase in revenues.

    August 4
  • CUJ content
    Via CU’s Dick Kibbey Ends 36-Year Tenure

    MARION, Ind. – Via CU has named John McIntyre, its executive vice president, its new president and CEO, succeeding Dick Kibbey, who is retiring at the end of the month after 36 years at the $240 million credit union.

    August 4
  • Branch network
    Blackhawk Community CU In Branch Overhaul

    JANESVILLE, Wis. – Blackhawk Community CU opened a new branch, its sixth, in nearby Stoughton, and completed the renovation of two other service facilities.

    August 4
  • Growth strategies
    First Financial CU Introduces Auto Buying Service

    WEST COVINA, Calif. – First Financial CU announced yesterday a new in-house auto buying service that will offer discounts on purchases, Mechanical Breakdown Insurance and Guaranteed Auto Protection.

    August 4
  • Lending
    PenFed Signs Affinity Pact With AAA

    ALEXANDRIA, Va. – Pentagon FCU announced yesterday that members of AAA Mid-Atlantic are now eligible to obtain mortgage and fixed equity loans through the $15 billion credit union.

    August 4
  • Lending
    Palisades FCU Brings Back Skip A Loan Payment

    PEARL RIVER, N.Y. – Palisades FCU announced the return of the popular "Skip-A-Pay" program, debuted in 2008, that will allow members to skip their summer loan payments.

    August 4
  • Branch network
    Fort Campbell FCU Plans Two In-School Branches

    CLARKSVILLE, Tenn. – Fort Campbell FCU, which has been serving the military personnel at the army base for 56 years, plans to open student-run branches in two local high schools.

    August 4
  • Branch network
    Belvoir FCU To Close Four In-School Branches To Focus On Military Members

    WOODBRIDGE, Va. – Belvoir FCU, which will add at least 20,000 service members to its field of membership because of base realignment, said it is closing four student-run branches to focus those resources on its core membership.

    August 4
  • CUJ content
    Former EDS CU InTouch With Rebranding Commercials During Dallas Cowboys Games

    PLANO, Texas – InTouch CU, formerly EDS CU, is launching four new branding 30-second TV spots featuring member testimonials that will debut during preseason games of the Dallas Cowboys.

    August 4
  • Performance reports
    NCUA Cites Tennessee CU For Dangerous Operations

    FRANKLIN, Tenn. – NCUA made public today a rare supervisory agreement with Veritas FCU, a one-time $50 million credit union that has been losing money and “may be in serious jeopardy”.

    August 4
  • CUJ content
    CORRECTION: Kinecta FCU Broke Into The Black In First Half

    MANHATTAN BEACH, Calif. – An article in Monday's CUJ Daily briefing about a rebound in California incorrectly said Kinecta FCU reported a $3 million loss for the first half of the year because of a $3.6 million NCUA charge. Kinecta actually reported net income of $3 million for the first half in spite of the NCUA charge.

    August 3
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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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