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Market Intelligence:
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Industry Data
  • CUJ content
    Pace Of Bank Failures Slows

    WASHINGTON – Regulators shuttered one bank Friday and none the week before, after seizing 12 institutions the prior two weeks.

    April 11
  • CUJ content
    Neighborhood CU, Mexican Consulate Launch Partnership

    DALLAS – Neighborhood CU announced the launch of a new partnership with the Mexican Consulate in Dallas to serve thousands of Mexican immigrants in North Texas.

    April 11
  • CUJ content
    Poland’s Late President Kaczynski Helped Found Nation’s Modern CU Movement

    WARSAW – NCUA Board member Michael Fryzel, the Board’s first Polish-American member, is among the mourners of Polish President and credit union pioneer Lech Kaczynski, killed in a plane crash Saturday along with his wife Maria and 95 Polish dignitaries.

    April 11
  • CUJ content
    Greylock FCU Donates $106,000 To United Way

    PITTSFIELD, Mass. – Employees of Greylock FCU set a new high for United Way fundraising, combining with corporate support to raise more than $106,000 for the organization.

    April 8
  • CUJ content
    Six CUs Team To Sponsor Students’ Financial Ed Fair

    FITCHBURG, Mass. – Six area credit unions are partnering to sponsor a CU 4 Reality Financial Education Fair.

    April 8
  • Branch network
    Central One FCU To Open High School Branch

    SHREWSBURY, Mass. – The local school board here this week voted to allow Central One FCU to open a branch at the high school this fall.

    April 8
  • CUJ content
    Gulf Coast Community FCU Adds Kasasa Rewards-Based Accounts

    GULFPORT, Miss. – Gulf Coast Community FCU is introducing Kasasa rewards savings and checking accounts to its members.

    April 8
  • Technology
    WesCorp FCU Implements Viewpointe’s Pointe2Pointe Image Exchange Solution

    SAN DIMAS, Calif. – WesCorp FCU yesterday said it has chosen Viewpointe’s Pointe2Pointe check image exchange network to connect to the its check and image exchange partners.

    April 8
  • CUJ content
    Branch Manager Charged With $56,000 Embezzlement By Inflating Pay

    EPHRATA, Wash. – A former branch manager at Granco FCU this week was charged with stealing $56,212 from the credit union by adding money to his paycheck and inflating his vacation time.

    April 8
  • CUJ content
    Connecticut CU Is Year’s Fifth Failure

    HARTFORD, Conn. – State regulators took over South End Mutual Benefit Association, a one-time $4 million credit union in adjacent Bloomfield, after management conceded it no longer could meet regulatory requirements to stay open.

    April 8
  • Technology
    Navy Fed Monitors Social Network Sites With RightNow Cloud Monitor

    VIENNA, Va. – Navy FCU has implemented RightNow’s Cloud Monitor to help it listen to conversations, respond to posts regarding the Navy Federal brand, and establish relationships with its members via the social Web.

    April 8
  • Branch network
    Troubled Bank Branch Provides Opportunity For UW CU

    MADISON, Wis. – University of Wisconsin CU on Monday will open its third branch in the Milwaukee area in Wauwatosa, in an almost-new building it bought from ailing Amcore Bank.

    April 8
  • CUJ content
    FHLB Award CUs $1.2 Million In Affordable Housing Funding

    SAN FRANCISCO – Three credit unions were awarded a total of $1.2 million of affordable housing grants by the Federal Home Loan Bank of San Francisco yesterday.

    April 8
  • Lending
    Mortgage Rates Jump As Fed Lifts Assistance

    WASHINGTON – Mortgage rates this week leaped to their highest levels in eight months as the Federal Reserve terminated the purchase of agency mortgage-backed securities it had engineered to keep rates low.

    April 8
  • CUJ content
    Executives See CRA-Creep In NCUA’s Field Of Membership Proposal

    ALEXANDRIA, Va. – Credit union executives are criticizing a component of NCUA’s proposal on community charter fields of membership as the agency’s own bid to enact a Community Reinvestment Act-like rule for large community charters.

    April 8
  • Branch network
    Prospera CU Shuts Down Goodwill Branches In Restructuring

    APPLETON, Wis. – Prospera CU, a pioneer in credit union payday loans, yesterday said it is closing one full-service branch and two of its GoodMoney payday loan sites inside Goodwill stores as part of a restructuring.

    April 8
  • Lending
    Texas Regulator Bid To Cap Payday Loan Fees Comes At Bad Time

    AUSTIN, Texas – Credit unions in Texas are opposing a proposal by the state CU Department to set new limits on fees for payday loans – just as credit unions across the state are rolling out their own payday loan product.

    April 8
  • CUJ content
    WesCorp Executive Takes Senior Post At Aloha Pacific FCU

    HONOLULU – Aloha Pacific FCU said it has hired Rand Yamasaki, senior vice president for Pacific operations at WesCorp FCU, as its chief financial officer.

    April 7
  • CUJ content
    Northern Star CU Offers Kasasa Rewards-Based Accounts

    PORTSMOUTH, Va. – Northern Star CU is launching Kasasa rewards savings and checking accounts.

    April 7
  • Branch network
    Kellogg Community FCU Opens New In-School Branch

    BATTLE CREEK, Mich. – Kellogg Community FCU has unveiled its newest branch, in Pennfield High School.

    April 7
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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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