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Market Intelligence:
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Industry Data
  • CDFIs
    Inclusiv, AACUC, Citi partner to help minority credit unions

    A new outreach effort will target parts of New York City to help boost membership at several African-American credit unions.

    By Michael Bartlett
    March 28
    Cathie Mahon is CEO of Inclusiv
  • Earnings
    Earnings surged at Westerly Community Credit Union in 2018

    The Rhode Island-based institution also finished building a 27,000-square-foot operations center and branch.

    By Michael Bartlett
    March 28
    CUJ 032719-Westerly results (3).jpeg
  • How 5G will shape your future

    With its expanded capacity and reliability, 5G will drive innovation in mobile, online and branch services for credit unions.

    March 28
    René Dufrene
    René Dufrene
    AT&T Business
  • Branch banking
    Lattes and lending: How co-location is changing branch strategies

    A growing number of financial institutions are piloting initiatives sharing space with coffee shops and other retailers in an effort to boost foot traffic.

    By Michael Bartlett
    March 28
    An artist's rendering of a proposed branch for Canopy Credit Union (formerly known as Spokane FCU) that would have shared space with Revel 77, a local coffee company. The branch opened in September 2019, but the coffee shop option did not pan out.
  • Underbanked
    Minneapolis City Council provides funding for de novo credit union

    The Association for Black Economic Power will receive an interest-free forgivable loan and a grant from the city to help pay for a retail space and equipment for the effort.

    By Palash Ghosh
    March 27
    Me’Lea Connelly is director of development at VFC
  • Corporate philanthropy
    Credit union event raises $1.4M for CMN Hospitals

    The 14th annual California and Nevada Credit Unions for Kids Wine Auction was supported by 67 credit unions, business partners and hospitals.

    By Palash Ghosh
    March 27
    Jordin Jackson, a CMN Hospital patient and Nader Moghaddam
  • Succession planning
    Baylor Health Care System CU snags CEO from fellow Texas institution

    Andy Reed, who currently leads Texas People Federal Credit Union, will become president and CEO of the Dallas-based institution in May.

    By Palash Ghosh
    March 27
    Andy Reed is the new CEO of Baylor Health Care System Credit Union
  • Growth strategies
    Only dabbling in digital? Good luck growing

    Speakers at the Credit Union Summit during the 2019 Retail Banking conference offered a host of best practices for embracing new technologies while maintaining high levels of member service.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 27
    James Robert Lay, CEO of the Digital Growth Institute, speaking during the Credit Union Summit at the 2019 Retail Banking conference in Austin, Texas.
  • M&A
    Pathways Financial Credit Union to add new markets with merger

    Incenta Federal Credit Union in Englewood, Ohio, will merge into Pathways Financial in Columbus next week.

    By Palash Ghosh
    March 26
    Michael Shafer is CEO of Pathways Financial
  • Succession planning
    BayPort Credit Union picks longtime exec as next CEO

    James Mears has served as COO of the Newport News, Va.-based institution for 15 years.

    By Palash Ghosh
    March 26
    James Mears is the new CEO of Bayport CU
  • M&A
    Sound Credit Union expands reach with bank purchase

    The Tacoma, Wash.-based Sound touted the deal as the first time a credit union bought a bank in the state of Washington.

    By Palash Ghosh
    March 26
    Don Clark, CEO of Sound Credit Union
  • Marketing
    'More scientific than creative': How CU marketing is evolving

    Getting the right product at the right time to the right member has become the mantra.

    By Michael Bartlett
    March 26
    las-vegas2-fotolia.jpg
  • Succession planning
    Worcester Credit Union starts search for next CEO

    Karen Duffy, the veteran leader of the Massachusetts-based CU, will retire on Aug. 31.

    By Michael Bartlett
    March 26
    Karen Duffy Worcester Credit Union
  • The road to financial wellness is paved with good intentions

    These programs are becoming a more common employee benefit but many lack some of the tools users need to be successful.

    March 26
    David Kilby
    David Kilby
    FinFit
  • Demographics
    Everything's bigger in Texas – including opportunities for CUs

    Low unemployment and the promise of millions of new jobs have some in the industry seeing a chance to increase membership and lending in the Lone Star State.

    By Palash Ghosh
    March 26
    CUJ0308TEXASCU.jpeg
  • Corporate philanthropy
    Making a splash: Credit unions in the community

    From new marketing initiatives to donations to help future civic leaders in their careers, here's another look at how credit unions are giving back.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 25
    GTE - CUJ 032219.jpg
  • Marketing
    Are your sales and marketing teams working against each other?

    One credit union marketing expert offered tips on how to break down silos to create "smarketing."

    By Michael Bartlett
    March 25
    Hilary Reed, CEO and chief strategist for EmpowerFI and former chief marketing officer at Inspire Federal Credit Union, Newtown, Pa. Reed spoke during the 2019 CUNA Marketing and Business Development Council conference in Las Vegas.
  • Digital banking
    Are credit unions ready for the ‘fourth industrial revolution’?

    Institutions that fail to embrace AI, machine learning and data analytics could quickly find themselves losing ground to competitors.

    By Michael Bartlett
    March 25
    Alison Fleming and Robert Blair, respectively sales specialist for CUNA Mutual Group’s TruStage insurance program and media director at CUNA Mutual.
  • Sexual harassment
    Credit union executive calls out sexist behavior at CUNA conference

    In a post to a social networking site, Rachel Pross, chief risk officer at an Oregon institution, described unwanted touches and inappropriate comments by male executives and directors at the event.

    Jackie Stewart, executive editor
    By Jackie Stewart
    Executive Editor
    March 22
    Rachel Pross, Maps CU - CUJ 050718.JPG
  • Consolidations
    Sunbelt Federal Credit Union to absorb fellow Mississippi institution

    Members of Credit Union South, which has lost money during the past five years, voted to approve the merger.

    By Palash Ghosh
    March 22
    CUJ322CUSOUTH.jpeg
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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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