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  • CUJ content
    First Community CU Helps Finance Redevelopment Of Historic Coca Cola Plant

    ST. LOUIS – Four lenders, including First Community CU, have put up $9.6 million in bridge loans to help finance the $27 million redevelopment of a former Coca-Cola syrup plant in the Carondelet neighborhood in South St. Louis.

    April 14
  • CUJ content
    CUES, CUJ Looking To Combine Conferences

    MADISON, Wis. and WEST PALM BEACH, Fla. – The Credit Union Executives Society and Credit Union Journal are in discussions to combine two of the most popular conference and learning events in the industry – CUES Experience and the Journal’s Grow Show.

    April 14
  • CUJ content
    CUNA Narrows Search For Mica Successor

    WASHINGTON – CUNA reportedly has narrowed its CEO search to a handful of candidates and is expected to name a successor to Dan Mica as early as the first week of May.

    April 14
  • Corporate credit unions
    Corporate CUs Tally Costs Of Lehman Brothers Exposure

    WARRENVILLE, Ill. – Several corporate credit unions are still counting the losses from investments with failed brokerage Lehman Brothers, with at least two, Members United Corporate FCU and Southwest Corporate FCU, tallying tens of millions of losses.

    April 14
  • CUJ content
    Two Plead Guilty To Stealing $400,000 From Dormant Accounts

    CHARLESTON, S.C. – Two former employees of South Carolina FCU this week confessed to siphoning as much as $400,000 from inactive accounts that belonged to a dead woman, deployed military personnel and others.

    April 14
  • CUJ content
    CSCU, Visa Make $50,000 Donation To CU Foundation

    CLEARWATER, Fla. – Card Services for Credit Unions and Visa Inc. have made a $50,000 gift to support the National Credit Union Foundation’s outreach programs.

    April 13
  • CUJ content
    Robber Favors Sun FCU Branches

    TOLEDO, Ohio – The FBI and local police are hunting for a man they believe is responsible for five armed robberies in recent months, including three at branches of Sun FCU.

    April 13
  • CUJ content
    Credit Union ONE Donates $17,000 To Cancer Center

    DETROIT – Credit Union ONE gave $17,000 to the Barbara Ann Karmanos Cancer Institute, which will help fund the purchase of a new bladder scanner.

    April 13
  • CUJ content
    HarborOne CU Donates $12,000 To Non-Profits

    BROCKTON, Mass. – HarborOne CU said it contributed $10,000 to the Boys & Girls Club of Brockton to help meet its operating needs and to support the George W. Baldwin Educational Enhancement Fund, a fund designed and dedicated to create a pathway to college for the club's young members.

    April 13
  • CUJ content
    Discover Financial Boosts Its Bank Unit With Debt Offer

    RIVERWOODS, Ill. – Discover Financial Services yesterday said it is offering $500 million of 7% subordinated notes for its Discover Bank unit.

    April 13
  • CUJ content
    Equifax, FICO Team For Stress Test Tool

    ATLANTA – Equifax on Tuesday said it has joined with FICO to offer financial institutions a new analytic solution to help lenders better anticipate account and portfolio risk in light of shifting economic events.

    April 13
  • Lending
    GrooveCar Adds CU Clients

    HAUPPAUGE, N.Y. – GrooveCar said two local credit unions, Branch 6000 NALC CU in Amityville and Transit FCU in Ozone Park, have signed on to its CU Xpress Lease program.

    April 13
  • Technology
    Members Can Post CU Content To Social Networking Sites

    WALTHAM, Mass. – IMN, a provider of e-communications solutions, has added a trackable social networking feature to its Credit Union On, an e-newsletter.

    April 13
  • Lending
    Frankenmuth CU Signs With Auto Financial Group

    FRANKENMUTH, Mich. – Frankenmuth CU yesterday announced it has contracted with Auto Financial Group to implement the company’s DrivingSense as both a direct and an indirect lending option for the $200 million credit union.

    April 13
  • Technology
    Arizona FCU Adds VSoft’s SaaS Delivery Model

    PHOENIX – Arizona FCU has selected VSoft’s Software as a Service delivery model for its image-based item processing and reporting.

    April 13
  • CUJ content
    Capital Reform A Dying Dream For CUs

    WASHINGTON – NCUA has backed off its previous efforts to get a risk-based capital system and supplementary capital authority passed in Congress, virtually dooming any effort at capital reform this year.

    April 13
  • Corporate credit unions
    Risky CDOs A Losing Bet For WesCorp FCU

    SAN DIMAS, Calif. – Out of all the investments made by WesCorp FCU over the past few years, perhaps the worst turned out to be risky collateralized debt obligations that appear to have little intrinsic value and have caused a staggering $545.6 million in losses – and counting.

    April 13
  • CUJ content
    MasterCard Names New CEO

    PURCHASE, N.Y. – MasterCard on Monday said its CEO Robert Selander will retire at year end and will be succeeded by chief operating officer and president Ajay Banga.

    April 12
  • CUJ content
    Deluxe Acquires Direct-To-Consumer Checks Provider

    ST. PAUL, Minn. – Deluxe Corp. yesterday said it has acquired Custom Direct, a Joppa, Md.-based provider of direct-to-consumer checks, for $98 million.

    April 12
  • CUJ content
    Industrial CU Awards $10,000 In Scholarships

    BOSTON – Industrial CU, the nation’s oldest community chartered credit union, has awarded $1,000 scholarships to 10 students.

    April 12
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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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