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Market Intelligence:
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  • Branch network
    Leominster CU Opens New Headquarters

    LEOMINSTER, Mass. – Leominster CU celebrated the opening of its new offices last week with $7,000 of community contributions.

    June 6
  • Lending
    Corporate One FCU Signs Private Student Loan Pact With Sallie Mae

    COLUMBUS, Ohio – Corporate One FCU said Friday it is partnering with Sallie Mae to offer the Smart Option Student Loan program to its nearly 800 member credit unions.

    June 6
  • CUJ content
    University of Iowa Community CU Forecloses On 28 Properties At Troubled Development

    IOWA CITY, Iowa – University of Iowa Community CU foreclosed last week on 28 properties owned by a troubled construction company.

    June 6
  • CUJ content
    ‘Pillow-Bellied Robber’ Sought In Seven Heists

    NORTH ATTLEBORO, Mass. – A wide-bodied man who robbed a Rockland FCU branch and Pawtucket CU in nearby Warwick, R.I., May 27 is believed to be responsible for five other holdups in Massachusetts, Rhode Island and New Hampshire along the Interstate 95/495 corridors in recent weeks.

    June 6
  • CUJ content
    Greylock FCU Suspends CEO Amid Legal Conflict Probe

    PITTSFIELD, Mass. – Greylock FCU said Friday that its President Angelo Stracuzzi has stepped down from the board of directors and has been put on administrative leave after an investigation into his parole for a misdemeanor assault charge was opened.

    June 6
  • CUJ content
    Gulf Winds FCU Donates $50,000 To Fight Effects Of Huge Oil Spill

    PENSACOLA, Fla. – Gulf Winds FCU has committed $50,000 in a matching donation fund to assist the Wildlife Sanctuary of Northwest Florida to help fight the spreading oil spill in the Louisiana side of the Gulf.

    June 6
  • CUJ content
    Focus On Interchange Bid Switches To House

    WASHINGTON – Lawmakers will return from their week-long Memorial Day recess today right in the middle of a human scrum – hundreds of credit union executives crossing paths with hundreds of retailers arguing over a key provision in the bank reform bill that would introduce government oversight of the market for cards interchange.

    June 6
  • CUJ content
    Pentagon FCU Raises Funds For $12 million Defenders Lodge Project

    WASHINGTON – Pentagon FCU’s PenFed Foundation was expected to raise $500,000 during last night’s annual Night of Heroes Gala to fund a variety of projects benefitting military veterans.

    June 3
  • Branch network
    Seasons FCU Adds High School Branch

    MIDDLETON, Conn. – Seasons FCU opened an in-school branch in Westbrook High School, which will be run by students during lunch hours.

    June 3
  • CUJ content
    San Diego County CU Gives Smart Car Away

    SAN DIEGO – San Diego County CU is giving away a two-seat Smart Car as the grand prize in its Bill Payer Plus Smart Car Sweepstakes.

    June 3
  • CUJ content
    IC FCU Gives Bike Helmets To Kids

    FITCHBURG, Mass. – IC FCU is giving away 300 bike helmets Saturday to youth from 5 to 13 as part of the annual Ryan Joubert Helmet Giveaway.

    June 3
  • CUJ content
    Summit CU ‘Pays It Forward’ With DoMore Community Team

    MADISON, Wis. – Summit CU introduced the DoMore Team, a group of community members whose mission is simple: deliver spontaneous acts of kindness.

    June 3
  • Branch network
    University of Wisconsin CU Buys Branch From The Equitable Bank

    MADISON, Wis. – University Of Wisconsin CU said yesterday it has agreed to acquire a Waukesha branch from The Equitable Bank, its second recent acquisition of a bank building in the Milwaukee suburbs.

    June 3
  • Branch network
    University Of Michigan CU Buys Vintage Building For New HQ

    ANN ARBOR, Mich. – The University of Michigan CU closed a deal yesterday to buy the 58,000-square-foot former headquarters building of the defunct Ann Arbor News in downtown Ann Arbor.

    June 3
  • Lending
    Mortgage Rates Hold Steady Near Decades Lows

    WASHINGTON – Long-term mortgage rates were almost unmoved this week, keeping near record lows, according to Freddie Mac.

    June 3
  • Technology
    MasterCard Launches iPhone P2P Service

    PURCHASE, N.Y. – MasterCard yesterday announced the roll out of a person-to-person money transfer service for iPhone and iPad users.

    June 3
  • Payments
    Debit Card Usage Surges At CUs

    ST. PETERSBURG, Fla. – Credit unions across the country are reporting soaring debit card use by their members as the nation abandons the use of cash and checks for the convenience of electronic transactions.

    June 3
  • CUJ content
    Confusion Reigns Over Proposed Two-Tiered System To Implement Interchange Legislation

    WASHINGTON – Officials with Visa and MasterCard were telling their credit union and bank issuers this week that a two-tiered system that would be required by the proposed interchange provisions in the pending bank reform bill will be costly and difficult to implement.

    June 3
  • CUJ content
    Colorado League Names CEO Search Committee

    ARVADA, Colo. – A search committee was appointed to select a successor to Credit Union Association of Colorado President/CEO John Dill, who stepped down from his position last week.

    June 3
  • CUJ content
    American Heritage FCU Is Sweet On Gelatin Olympics

    PHILADELPHIA – American Heritage FCU workers are filling the local swimming pool with 700 gallons of bright red gelatin in preparation for this year’s Gelatin Olympics, an annual fundraiser for the Kids-N-Hope Foundation, which benefits the Children’s Seashore House of the Children’s Hospital of Philadelphia.

    June 2
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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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