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Market Intelligence:
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  • Lending
    University Of Wisconsin CU Enters Private Student Loan Market

    MADISON, Wis. – University of Wisconsin CU said yesterday it is now offering a private student loan program to other credit unions through a new wholly owned CUSO, CU Campus Resources.

    June 16
  • CUJ content
    Fannie, Freddie Shares Plunges After Delisting Order From New York Stock Exchange

    WALL STREET – The stock prices of mortgage giants Fannie Mae and Freddie Mac plummeted Wednesday after announcing they had been ordered to delist from the New York Stock Exchange.

    June 16
  • CUJ content
    New Carve-Out Hurts CUs’ Anti-Interchange Lobby

    WASHINGTON – The chief sponsor of the Senate’s interchange amendment creating price controls agreed yesterday to exempt all government programs from his provision, eliminating an argument being used by credit unions and banks lobbying against the measure.

    June 16
  • CUJ content
    Online Resources Names Permanent CEO To Replace Digital Insight’s John Dorman

    CHANTILLY, Va. – Online Resources Corp. named technology veteran Joseph Cowan to be its president and CEO, replacing John Dorman, the founder of Digital Insight and chairman of the ORC board, who has been serving on an interim basis since January.

    June 15
  • CUJ content
    American Heritage FCU Is Sweet On Children’s Hospital

    PHILADELPHIA – American Heritage FCU’s 17th Annual Gelatin Olympics raised $25,000 for the Children’s Seashore House at the Children’s Hospital of Philadelphia last Wednesday.

    June 15
  • CUJ content
    Michigan Catholic CU Promotes EVP To CEO

    TROY, Mich. – Michigan Catholic CU has named Robert Grech, its executive vice president, the new president and CEO of the $265 million credit union.

    June 15
  • Branch network
    New CDCU Opens Doors In Michigan

    BATTLE CREEK, Mich. – Founders of the newly chartered Inspire Community Development CU held a grand opening Monday to celebrate the state’s latest CDCU, Michigan’s first new credit union in 25 years.

    June 15
  • Technology
    McGraw-Hill FCU Opts For DocuSign’s e-Signature System

    NEW YORK – McGraw-Hill FCU said yesterday it has signed with DocuSign for the company’s electronic signature solution to automate the loan signing process.

    June 15
  • CUJ content
    Educational Employees CU Adds Memento Security’s Anti-Fraud Solution

    FRESNO, Calif. – Educational Employees CU announced yesterday it has selected Memento Security as its enterprise-wide platform to fight fraud and other financial crimes.

    June 15
  • Branch network
    Navy Fed Sails In To West Point

    HIGHLAND FALLS, N.Y. – Navy FCU will open a branch here June 28 near the U.S. Military Academy at West Point, the credit union’s 181st service facility.

    June 15
  • CUJ content
    GTE FCU’s ‘Mystery Monkey Tour’ Facebook Contest Offers $1,500 Cash

    TAMPA, Fla. – Taking a page from the popular Mystery Monkey of Tampa Bay, the tiny Rhesus Macaque that travels across tree tops and through backyards to the delight of Facebook fans, GTE FCU is launching an online "Mystery Monkey Tour Contest" that will present a series of clues for a chance to win a $1,500 cash prize.

    June 15
  • Payments
    Fed Issues New Credit Card Rules

    WASHINGTON – The Federal Reserve issued new rules yesterday to implement last year’s Credit Card Accountability Responsibility and Disclosure Act, which will cap most late payment fees at $25.

    June 15
  • CUJ content
    Navy Federal ‘Carved-In’ Again By Interchange Amendment

    WASHINGTON – In the biggest independent lobby against the interchange amendment Navy FCU, one of three credit unions on the wrong side of the exemption from the amendment price-control provision, is calling on its 3.5 million members to urge Congress for defeat of the measure.

    June 15
  • CUJ content
    Merger-Mania Shakes Out Michigan CUs

    DEARBORN, Mich. – In the latest of a frenzy of credit union consolidation in local markets, DFCU Financial, the state’s biggest credit union, announced plans this morning to acquire troubled MidWest Financial FCU, a one-time $200 million credit union with five branches in Ann Arbor and Ypsilanti.

    June 15
  • CUJ content
    Another Big Florida CU Merger

    LAKELAND, Fla. – MidFlorida CU, one of the state’s healthiest big credit unions, has agreed to acquire troubled Bay Gulf FCU, a one-time $210 million institution, the latest in a series of large credit union mergers shaking up the market in the Sunshine State.

    June 15
  • CUJ content
    Greylock FCU Sponsors Norman Rockwell Exhibit

    NORTH ADAMS, Mass. – The work of Norman Rockwell and three generations of Rockwells will be on display locally this summer, thanks to Greylock FCU.

    June 14
  • CUJ content
    Overdraft Protection Pioneer Bill Strunk Dies

    HOUSTON – William “Bill” Strunk, founder of Strunk & Associates, a provider of overdraft protection programs for credit unions, has died at 69 following a battle with leukemia.

    June 14
  • CUJ content
    Fidelity National Information Acquires Compliance Coach

    JACKSONVILLE, Fla. – Fidelity National Information Services said yesterday it will purchase Compliance Coach, Inc., a company that provides risk assessment software, e-learning and additional tools to enable compliance with applicable laws and regulations.

    June 14
  • Lending
    Texas Dow Employees CU Swaps Lot To Facilitate Commercial Development

    BAY CITY, Texas – Texas Dow Employees CU has agreed to move its new 5,000-square-foot branch 132 feet to the west to make way for a new retail development complex and a new credit union building.

    June 14
  • Branch network
    Members 1st FCU Opens In-Store Giant Branch

    MECHANICSBURG, Penn. – Members First FCU is opening its new branch inside a Giant Food Store in York today.

    June 14
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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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