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Market Intelligence:
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Industry Data
  • Some Outside Perspectives On Some Inside Challenges

    Cleaning out the notebook: CU perspectives from the Best Practices in Retail Financial Services Symposium; Ludwig on what he would do if he were a bank manager today; and more.

    May 24
  • CUJ content
    Catholic FCU Tops $1 Million Mark In Scholarships

    SAGINAW, Mich. – Catholic FCU awarded a total of $143,600 in scholarships to 300 students this year, topping the $1 million mark in college grants.

    May 23
  • CUJ content
    HarborOne CU Awards $10,000 In Scholarships

    BROCKTON, Mass. – HarborOne CU has awarded 10 graduating high school seniors $1,000 scholarships each.

    May 23
  • Branch network
    HealthNet FCU Unveils New Home

    CORDOVA, Tenn. – HealthNet FCU opened a new main office last week that includes a branch office with drive-up service, a night depository and ATM.

    May 23
  • Lending
    Sun FCU Adds Payday Loan Program With Underserved Expansion

    ASTON, Penn. – Sun FCU has rolled out a payday loan program, called Sun On Your Side, as part of the credit union’s expansion into underserved communities surrounding its West Lawn branch near Reading.

    May 23
  • Branch network
    Michigan First CU Opens Third New Branch

    LATHRUP VILLAGE, Mich. – Michigan First CU will open a new branch today in a Meijer store in Rochester Hills, the third new branch opened by the $550 million credit union in the past nine months.

    May 23
  • Technology
    Visions FCU Launches Mobile Banking

    ENDICOTT, N.Y. – Visions FCU has rolled out an enhanced mobile test and banking program the provides members with access their savings and loan balances, and allows them to transfer funds and make loan payments directly from the Visions mobile banking site, using almost any cell phone.

    May 23
  • Technology
    Mountain America CU Adds Memento’s Online Security Platform

    WEST JORDAN, Utah – Mountain America CU has installed Memento Inc.’s Memento Security platform to combat deposit account fraud and improve compliance operations.

    May 23
  • Performance reports
    Call To Action: Nominate A Best Practice

    WEST PALM BEACH, Fla. – Credit Union Journal is now accepting nominations for its 2010 Best Practices Awards.

    May 23
  • CUJ content
    Kentucky Ruling Is Latest To Test Common Bond

    FRANKFURT, Ky. – In the latest court ruling over the long-time battle over field of membership, the Kentucky Supreme Court last week struck down a lower court ruling barring community-based charters.

    May 23
  • CUJ content
    Vermont Passes Limits On Interchange Fees

    MONTPELIER, Vt. – Vermont on Friday became the first state to pass legislation limiting the interchange fee on credit and debit card purchases, a week after the Senate approved a similar provision as part of the mammoth financial overhaul bill.

    May 23
  • CUJ content
    Visa, MasterCard Emerge From Shadows To Fight Interchange Bid

    WASHINGTON – Visa and MasterCard, dominated by the big banks, stepped out into the open to combat new standards on interchange fees which had been largely led so far by community banks and credit unions.

    May 23
  • CUJ content
    Battle Over Clearview Name Gets Murky

    PITTSBURGH – Saying the similar names are confusing its members, Clearview FCU, formerly a US Airways employees credit union, last week filed suit in federal court claiming the adoption of the name Clearview Credit, Inc., by a Florida credit counselor infringes on the credit union’s copyright and trademark.

    May 23
  • CUJ content
    How To Boost Fraud Safety Score

    PLEASANTON, Calif.-Javelin Research's "6th Annual Card Issuers Safety Scorecard" offered these tips for boosting the CU's fraud safety score.

    May 23
  • CUJ content
    More Losses Recorded, Higher Assessment Likely

    ALEXANDRIA, Va.-NCUA had more bad news for credit unions last week, announcing it has added eight more credit unions to its troubled list and set aside an additional $170-million to cover losses at natural-person credit unions.

    May 23
  • Technology
    Policies Increase Exposure To Fraud

    "Credit unions can be more exposed to fraud loss due to their funds-availability policies, which are based on the premise that credit unions are smaller and know their members better," said the general manager of banking solutions for Memento Security.

    May 23
  • Technology
    Going Beyond Aggregation

    ROCKVILLE, Md.-TriGeo does more than aggregate logs and detect network violations, said Ted Carmack, information services manager at Energy FCU.

    May 23
  • Technology
    How One CU Transformed Its IT

    BROCKTON, Mass.-HarborOne's three-year technology transformation started in early 2009 with an infrastructure overhaul, said Wayne Dunn, SVP and CTO. "For example, we moved from physical servers to virtualization and a Storage Area Network. We put in a Multiprotocol Label Switching connection."

    May 23
  • Technology
    Reg E Has Strange Side Effect At MECU

    LEXINGTON, Ky.-Regulation E may pose a threat to courtesy pay revenue, but it also had a strange side-effect at Metro Employees CU.

    May 23
  • Technology
    Social Media Draws More – And Different – Feedback From Members

    Thanks to social media, Navy Federal has begun to hear from an entirely new segment of its membership: members who use Twitter aren't they type of people who call in or visit a branch, said Strahle.

    May 23
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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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