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Market Intelligence:
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Industry Data
  • M&A
    University of Illinois Community Credit Union acquires tiny postal CU

    Urbana Postal Credit Union is the latest in a string of closures and rebrandings as CUs chartered to serve post office employees attempt to stay relevant.

    By Palash Ghosh
    April 24
    Urbana
  • Law and regulation
    Fed pick gets earful from Brown after 'armpit' remark on Ohio

    Sen. Sherrod Brown questioned Stephen Moore's ability to make decisions at the Fed to benefit all Americans after calling two Ohio cities the "armpit of America."

    Neil Haggerty is the Congress reporter for American Banker.
    By Neil Haggerty
    Reporter
    April 24
    Stephen Moore, visiting fellow at the Heritage Foundation
  • Debt collection
    Wisconsin credit unions, banks get legal win in collections case

    The Wisconsin Supreme Court upheld a "narrow interpretation" of a state-level consumer-protection law that maintains lenders' rights to collect debts without fear of being sued for damages.

    By Michael Bartlett
    April 24
    wisconsin-foto-357.jpg
  • Regulatory actions and programs
    NCUA places Mid East Tennessee Community CU under conservatorship

    The Decatur, Tenn.-based institution earned just $60,000 last year as its net worth ratio declined.

    By Michael Bartlett
    April 24
    CUJ 042319-Mid Tenn CCU net worth.jpeg
  • Social media
    There may be a good reason Snapchat hasn't caught on with credit unions

    Between a decidedly younger user base and potential compliance risks, some financial institutions are wary of using the platform, but a handful say they have embraced it and found success.

    By Melissa Angell
    Reporter
    April 24
    Neches FCU's overall Snapchat views for community festival filters
  • Earnings
    Coastal Credit Union posts increase in earnings, loans in 2018

    The Raleigh, N.C.-based institution said it also has more than 500 employees.

    By Palash Ghosh
    April 23
    Coastal 2018
  • Career moves
    Hard work pays off: Professionals on the move

    Credit unions have elected new board members and named new branch managers while other employees were recognized for their dedication.

    By Palash Ghosh
    April 23
    Hampton Roads Educators CU.jpg
  • Branding
    Spokane Federal Credit Union to rebrand as Canopy CU

    The credit union is also developing a new shared branching space as part of a unique co-location strategy.

    By Michael Bartlett
    April 23
    Charlotte Nemec, president and CEO of Spokane Federal Credit Union
  • Collaboration
    Leagues from Indiana, Dominica agree to increase collaboration

    The latest World Council of Credit Unions project in the Caribbean will see the island nation working alongside Indiana CUs to share best practices, strategic initiatives and more.

    By Michael Bartlett
    April 23
    From left: Phoenix Belfield, general manager of the Dominica Co-operative Societies League Ltd., and John McKenzie, president of the Indiana Credit Union League, sign an agreement to increase cooperation between the two organizations by sharing best practices and more.
  • M&A
    Massachusetts merger to create $1B credit union

    The proposed combination of Sharon Credit Union and Crescent Credit Union still needs approval from regulators and members.

    By Palash Ghosh
    April 23
    CUJ0422mass.jpeg
  • ATMs
    When members face card fraud abroad, many CUs unequipped to respond

    Credit unions have measures in place to assist members hit by fraud but many smaller institutions are challenged when it comes to an effective response.

    By Melissa Angell
    Reporter
    April 23
    Defrauded-CUJ-41119 (1).jpeg
  • Debt collection
    Members won't pay? It's getting easier to fix that

    Credit union professionals offered insights into how technology is changing the collections process during the recent National Credit Union Collections Alliance conference in Las Vegas.

    By Michael Bartlett
    April 22
    CUJ 042219 loan delinquency ratios.jpeg
  • Lawsuits
    Navy Federal to pay $24.5M to settle overdraft lawsuit

    The settlement comes as Navy makes history by becoming the world’s first credit union to exceed $100 billion in assets.

    By Melissa Angell
    Reporter
    April 22
    gavel-fotolia.jpg
  • M&A
    Sunmark FCU scoops up another tiny credit union

    Price Chopper Employees Federal Credit Union is the second institution to merge into the Latham, N.Y.-based Sunmark in recent months.

    By Palash Ghosh
    April 22
    Frank DeGraw Sunmark FCU
  • Branch deals
    STCU to acquire loans, deposits of Banner Bank branch

    The Banner branch in Sandpoint, Idaho, will be closed and its assets and deposits will be transferred to a nearby STCU location once the deal is completed.

    By Palash Ghosh
    April 22
    Ezra Eckhardt , incoming CEO of Spokane Teachers Credit Union (STCU)
  • Corporate philanthropy
    Scholarly pursuits: Credit unions in the community

    Credit unions are helping students pay for college with scholarships in addition to getting involved in their communities in other ways.

    By Melissa Angell
    Reporter
    April 22
    NEFCU CUJ 41719.jpg
  • Student lending isn't just for large credit unions

    With just $22 million in assets, Manchester Municipal Federal Credit Union has millions in student loans on its books and never recorded a charge-off.

    April 22
    Lori Herrick
    Lori Herrick
    Manchester Municipal Federal Credit Union
  • Digital banking
    Why members still prefer paper statements

    Getting consumers to switch to electronic statements is difficult but there are a few strategies credit unions can try to encourage them to go digital.

    By Michael Bartlett
    April 22
    CUJ 041519-papervsE (3).jpeg
  • Financial regulations
    NCUA board seeks input on incentive compensation

    The current compensation rule, which was last updated more than two decades ago, is confusing, industry experts said.

    John Reosti Author Image
    By John Reosti
    Reporter
    April 18
    NCUA
  • M&A
    CU leagues form national CUSO, acquire AffirmX’s compliance products

    Several credit union leagues and credit union service organizations have formed a new group, called AffirmXCU, that will offer risk management technology.

    By Palash Ghosh
    April 18
    Scott Earl, MWCUA
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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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