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Market Intelligence:
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  • CUJ content
    Texoma Community CU Offers BancVue’s ‘Ultimate Rewards Checking’

    WICHITA FALLS, Texas – Texoma Community CU is rolling out a new free checking account with high interest and free ATM use through a program with BancVue.

    May 16
  • Branch network
    Long Island’s Teachers FCU Buys Property For New Home

    FARMINGVILLE, N.Y. – Fast-growing Teachers FCU has acquired a 20,400 square-foot office building in nearby Hauppauge, where it plans to build a new headquarters.

    May 16
  • Lending
    Seven Seventeen CU Backs Hotel Development

    WARREN, Ohio – Seven Seventeen CU said it has agreed to lend almost $2.6 million to a $5.15 million Hotel Inn Express project at the Interstate 80 exchange in nearby Liberty.

    May 16
  • CUJ content
    Numerica CU Acquires Troubled School Employees CU

    SPOKANE, Wash. – Numerica CU said Friday it has agreed to merge into it School Employees CU, an ailing $12 million Richland credit union.

    May 16
  • CUJ content
    Feds Eye More Guilty Pleas In $140 Million CU National Mortgage Fraud

    NEWARK, N.J. – Federal prosecutors are negotiating guilty pleas with at least three more executives of U.S. Mortgage/CU National Mortgage in the fraudulent sale of $140 million of credit union mortgages to Fannie Mae, sources in the case said Friday.

    May 16
  • CUJ content
    Time For CUJ Best Practice Nominations

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

    May 16
  • Performance reports
    Silver State Schools CU Trims Losses

    LAS VEGAS – Troubled Silver State Schools CU, one of several Las Vegas credit unions reporting big losses last year, cut its red ink for the first quarter to $8.5 million, from almost $51 million for 2009.

    May 16
  • CUJ content
    Four More Banks Fail, Passing Last Year’s Pace

    WASHINGTON – Regulators closed banks in Georgia, Illinois, Missouri and Michigan on Friday, making a total of 72 failures so far this year, exceeding the pace of last year when 140 banks went down.

    May 16
  • CUJ content
    Failed Bank Resolution Poses New Threat To Thriving CU

    ANN ARBOR, Mich. – Michigan First CU, a thriving credit union based in nearby Lathrup Village, filed a trademark infringement suit last week against First Michigan Bancorp., just days after the single-office, Troy-based bank entered the credit union’s markets with an acquisition of failed Port Huron-based Citizens First Bank from the FDIC.

    May 16
  • CUJ content
    Mica Testimony Could Be Capitol Hill Swan Song

    WASHINGTON – CUNA President Dan Mica is expected to make one final pitch for Congress to increase the limit on member business loans when he testifies Tuesday before the House Financial Services Committee on ways to expand small business lending.

    May 16
  • CUJ content
    Bank Bill Leaves CUs Between Rock, Hard Place

    WASHINGTON – The final debate on the landmark bank bill this week will leave credit unions having to oppose the bill even as Senate leaders are poised to add the long-sought increase in the member business loan cap.

    May 16
  • Performance reports
    Survey: Bottom-Line Growth Drivers

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    May 14
  • CUJ content
    Gwinnett FCU Awards $64,000 In College Grants

    LAWRENCEVILLE, Ga. – Gwinnett FCU awarded 29 career advancement and student scholarships worth a total of $64,000.

    May 13
  • CUJ content
    ‘Kitty-Litter’ Robber Guilty In $21,000 CU Heist

    ST. PAUL, Minn. – A Brooklyn Park man pleaded guilty to robbing a Minnesota Building Trades FCU branch of more than $21,000 in October while armed with gun that he pulled from a kitty-litter bucket.

    May 13
  • Corporate credit unions
    EasCorp FCU Signs Big CUs To DeposZip

    WOBURN, Mass. – EasCorp FCU yesterday announced its Vertifi Software CUSO signed seven additional credit unions for its recently introduced DeposZip remote deposit capture system.

    May 13
  • Branch network
    Amplify FCU Turns It Up For New Headquarters

    AUSTIN, Texas – Amplify FCU has acquired a 58,000-square-foot office building in the northwest part of town, where it plans to relocate its operational headquarters.

    May 13
  • CUJ content
    NCUA Installs New Financial Management System

    ALEXANDRIA, Va. – NCUA has implemented a new financial management system from Apptis, Inc., that transformed the core financial management processes and systems of the agency.

    May 13
  • Lending
    Mortgage Rates Fall Further

    WASHINGTON – Mortgage rates this week declined again to their lowest level of the year, as rates fell on U.S. Treasuries.

    May 13
  • Technology
    American Airlines FCU Expands TuVox Relationship On CALL-24

    FORT WORTH, Texas – American Airlines FCU has renewed its contract with TuVox for on-demand, speech and IVR applications, and will add the company’s service providing instant, relevant product recommendations to members.

    May 13
  • Payments
    United Nations FCU Pilots International Payment Card

    NEW YORK – United Nations FCU, with members all over the world, yesterday said it has signed with Gemalto to provide its members with the first U.S.-issued, globally compliant microprocessor payment card.

    May 13
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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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