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  • CUJ content
    Lake Michigan CU Expands Kalamazoo Footprint With Deal For Troubled CU

    GRAND RAPIDS, Mich. – Lake Michigan CU, the state’s third-largest credit union, has agreed to acquire ailing Citizens CU and four Kalamazoo branches.

    May 13
  • CUJ content
    Facebook ‘Friend’ Turns Out To Be Anything But For Fugitive CU Scamster

    SEATTLE – A 26-year-old fugitive from a credit union car scheme was extradited from Mexico where he was living the highlife after the FBI lured him out in the open using his Facebook page.

    May 13
  • CUJ content
    Second Figure Convicted In $140 Million U.S. Mortgage Fraud

    NEWARK, N.J. – The former servicing manager of U.S. Mortgage Corp/CU National Mortgage on Thursday pleaded guilty to conspiring to defraud credit unions and Fannie Mae in the $140 million mortgage scandal.

    May 13
  • CUJ content
    Interchange Fees Bid Swipes CU Support From Bank Bill

    WASHINGTON – A low-stakes debate for credit unions over the bank reform bill turned high stakes yesterday as senators voted to add several amendments to the bill aimed at opening the market for card interchange – so-called swipe fees – to more competition.

    May 13
  • CUJ content
    CEO Gets 51-Month Sentence In Loan Scheme That Sunk Arizona CU

    PHOENIX – The former president of Marian Miami FCU last week was sentenced to 51 months in prison and ordered to pay restitution for stealing $860,000 from the one-time $10 million credit union.

    May 12
  • CUJ content
    Man Robs CU, Then Stops For Pizza

    SAN DIEGO – A man who allegedly held up a Mission FCU branch Tuesday was arrested at a nearby pizzeria a short time later.

    May 12
  • Branch network
    Hudson Valley FCU Opens Wallkill Branch

    POUGHKEEPSIE, N.Y. – Hudson Valley FCU plans to open a branch in Wallkill, in an office formerly occupied by Eastern New York FCU.

    May 12
  • Technology
    floridacentral CU Signs For Connect Financial’s Online Banking Suite

    TAMPA, Fla. – floridacentral CU has selected Connect Financial Software Solutions’ consumer suite of Internet banking, bill payment, and other services.

    May 12
  • CUJ content
    Arrowhead Central CU Adds Altura CU’s Car-Buying Service

    SAN BERNARDINO, Calif. – Arrowhead Central CU said it has signed with Auto Expert, a car-buying service owned by Altura CU, to provide free locating and purchasing services for members.

    May 12
  • CUJ content
    TruMark Financial CU Launches Media Bid

    TREVOSE, Penn. – Fast-growing TruMark Financial CU is rolling out a nine-week radio and TV branding campaign, along with outdoor media.

    May 12
  • Corporate credit unions
    Constitution Corporate FCU Continues To Operate With Capital Deficit

    WALLINGFORD, Conn. – Constitution Corporate FCU reported it still had negative net worth at the end of the first quarter, even as its earnings are trending positive.

    May 12
  • CUJ content
    Carve-Out From Bank Bill’s Interchange Bid Not Good Enough For CUs

    WASHINGTON – Credit unions yesterday joined community banks to express their opposition to proposed amendments to the bank reform bill that would lower interchange fees charged on credit and debit card transactions.

    May 12
  • CUJ content
    Customers Like Online Banking Better At CUs

    NEW YORK – A new customer satisfaction survey to be published today finds that credit unions provide the most satisfying online banking experience.

    May 12
  • Branch network
    Addison Avenue FCU Pilots Augmented Reality ATM Locator

    PALO ALTO, Calif. – Addison Avenue FCU has introduced a free visual ATM locator channel on metaio’s 2.0 augmented reality platform.

    May 12
  • Growth strategies
    Navy FCU Mines Data From Social Networking Sites

    VIENNA, Va. – Navy FCU has begun using IBM’s SPSS Modeler, which allows the $45 billion credit union to monitor changes in consumer attitudes gleaned from social networking and other sites and then use the information, merged with its internal data, to shape acquisition and retention campaigns.

    May 12
  • CUJ content
    Heartland Payment Systems Plans Big Expansion

    PRINCETON, N.C. – Merchant processor Heartland Payment Systems plans to hire almost 1,200 workers over the next 18 months in a major expansion of its sales team.

    May 11
  • CUJ content
    PeoplesChoice CU Donates $11,500 To Charity

    SACO, Maine – PeoplesChoice CU raised $11,500 for the Maine Credit Unions’ Campaign for Ending Hunger and Maine Special Olympics at its 7th annual Polar Bear Scramble on golf simulators at Fore Season Indoor Golf in Portland.

    May 11
  • CUJ content
    Greater Iowa CU Gives $100,000 To Iowa State Business School

    AMES, Iowa – Greater Iowa CU has pledged a $100,000 multi-year gift to the Iowa State University College of Business to fund an annual business lecture through the university lectures program.

    May 11
  • CUJ content
    Wescom Central CU Extends With Edcomm Banker’s Academy

    PASADENA, Calif. – Wescom Central CU yesterday said it has renewed its contract with Edcomm Banker’s Academy for additional maintenance, hosting and support of its comprehensive online training programs.

    May 11
  • CUJ content
    Iowa Combination Creates State’s Eighth-Largest CU

    BETTENDORF, Iowa – Ascentra CU has completed its merger with Members Choice Community CU in Clinton to create one of the largest credit unions in the state, with $245 million in assets.

    May 11
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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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