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Market Intelligence:
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Industry Data
  • CUJ content
    Three Banks Fail In Sand States, Four Overall

    WASHINGTON – Regulators shut down four more banks Friday in Florida, Arizona, California and Minnesota, making a total of 68 bank failures so far in 2010.

    May 9
  • CUJ content
    Private Equity Circles Fidelity National Information

    JACKSONVILLE, Fla. – Almost 40 million shares of Fidelity National Information Services changed hands Thursday as the price surged 10% amid reports the provider of back-office services for credit unions and banks was being pursed by private equity funds the Blackstone Group, Thomas H. Lee Partners and TPG Capital.

    May 9
  • CUJ content
    Not All Free Advertising Is Good

    AUGUSTA, Maine – State regulators are investigating a Portland auto dealer who ran an advertising insert in the Portland Press Herald last week that listed 12 local credit unions that were purportedly offering 0% financing for its cars, even though none of the credit unions approved the ad.

    May 9
  • CUJ content
    Big Bank Bill Shaped By CUs

    WASHINGTON – The credit union lobby was working over the weekend on amendments to the massive bank reform bill that would have lasting impact on credit unions by making permanent the increase in deposit insurance coverage, getting NCUA on to a consumer protection oversight panel and expanding the powers of lenders to make small dollar loans.

    May 9
  • CUJ content
    Bay CU Sues Alleged Robbers For Return Of Stolen Cash

    PANAMA CITY, Fla. – Bay CU is suing two local men to recover about $25,000 of cash and consumer items the men alleged bought with money they stole during December and January holdups because police have dropped criminal charges against the suspects.

    May 9
  • Survey: When It Comes to Supplemental Capital ...

    IMGCAP(1)]

    May 7
  • CUJ content
    Jack Henry To Buy iPay Technologies

    MONETT, Mo. – Jack Henry & Associates announced this morning it has agreed to acquire iPay Technologies, the largest independent electronic bill pay provider in the U.S., from venture firms Spectrum Equity Investors and Bain Capital Ventures, for $300 million in cash.

    May 7
  • CUJ content
    Spokane Teachers CU’s Steve Dahlstrom Retiring

    SPOKANE, Wash. – Spokane Teachers CU announced yesterday its long-time CEO Steven Dahlstrom is retiring at year-end and will be succeeded by the credit union’s vice president of administration Thomas Johnson.

    May 6
  • CUJ content
    Local Government FCU Member Swipes A Truck In Card Sweepstakes

    RALEIGH, N.C. – A firefighter won a new Ford F-150 pickup truck by swiping his debit card as part of Local Government FCU’s “Swipe the Card, Win the Truck” sweepstakes.

    May 6
  • Lending
    Mortgage Rates Fall To Six-Week Lows

    WASHINGTON – Long-term mortgage rates declined this week, with the average for the benchmark 30-year loan drifting to its lowest level in six weeks, according to Freddie Mac.

    May 6
  • Technology
    Oregon Community CU Adds First Lenders Data’s FirstClose Mortgage Dashboard

    EUGENE, Ore. – Oregon Community CU has implemented First Lenders Data’s FirstClose online dashboard of mortgage closing services and vendor management solutions.

    May 6
  • CUJ content
    Losses Narrow At Online Resources

    CHANTILLY, Va. – Online Resources Corp. yesterday reported a first quarter loss of $200,000, down from a $1.6 million loss for the same quarter last year.

    May 6
  • Lending
    Freddie Mac Reports Huge $8 Billion Loss

    McLEAN, Va. – Freddie Mac is asking for another $10.6 billion in federal aid after posting a big loss in the first three months of the year, $8 billion.

    May 6
  • CUJ content
    Bay State’s ‘T’ CU Acquires Ailing Turnpike CU

    BOSTON – State regulators have approved the merger of ailing Turnpike CU, a credit union for employees of the Massachusetts Turnpike Authority, into Mass Bay CU, which serves the Mass. Bay Transit Authority, known locally as the “T.”

    May 6
  • CUJ content
    Final Edition Beckons For Madison News CU

    MADISON, Wis. – Madison News CU, an $8 million credit union serving employees of The Capital Times, Wisconsin State Journal and Capital Newspapers, is the latest newspaper credit union facing its final deadline as it plans to merge into Dane County CU.

    May 6
  • Performance reports
    Regulators Release Prime Financial CU From Conservatorship

    CUDAHY, Wis. – Prime Financial CU on Thursday was cut loose by state regulators, who had operated the troubled one-time $200 million credit union under conservatorship since last March.

    May 6
  • Payments
    HAPO Community CU Pilots PSCU Financial’s Personalized Credit Cards

    RICHLAND, Wash. – HAPO Community CU is one of the first credit unions to introduce PSCU Financial Service’s Design Your Own Card personalized credit card service.

    May 6
  • CUJ content
    Massachusetts CUs May Get New Powers

    BOSTON – State chartered credit unions are poised to receive new powers to offer employee benefit plans and payroll services and provide correspondent services under a parity regulation that is expected to be approved by the Division of Banking.

    May 6
  • CUJ content
    Prime Alliance Acquires Mortgage Technology Provider Dexma

    TUKWILA, Wash. – Mortgage lending CUSO Prime Alliance has acquired technology partner Dexma, an Edina, Minn., provider of online lending technology for more than 1,400 institutions.

    May 6
  • CUJ content
    Robber's Getaway Foiled By Pet Door

    MILWAUKIE, Ore. – A suspect who tried a carjacking after robbing an Oregonian FCU branch yesterday was caught in the dog door of a home while trying to escape police.

    May 6
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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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