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Market Intelligence:
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  • CUJ content
    WOCCU Presses Basel Committee On CU Difference

    BASEL, Switzerland – In a series of three meetings here between the World Council of Credit Unions (WOCCU) and members of the Basel Committee on Banking Supervision and the Financial Stability Board, credit union representatives have sought to address pending revisions to the Basel II capital accord by noting CUs worldwide have weathered the global financial crisis better than their larger, for-profit counterparts and, in many countries, have helped stabilize and counter-balance inherent weaknesses in the financial services systems.

    March 31
  • CUJ content
    Ditchcreek Steps Down at Notre Dame FCU

    SOUTH BEND, Ind. – Larry Ditchcreek has resigned as CEO of Notre Dame FCU.

    March 31
  • Technology
    Erie General Electric Adds FinanceWorks

    ERIE, Penn. – Erie General Electric FCU has begun offering its members Intuit Financial Services’ FinanceWorks, an online financial management solution aimed at providing members a more complete and easy way to budget, gain control over their spending, manage debt or student loans, and save.

    March 31
  • Lending
    Rates On 30-Year Mortgages Rise Slightly

    SEATTLE – The 30-year fixed mortgage rate spiked late last Wednesday at 4.98% before leveling off just above 4.90% over the weekend, according to Zillow Mortgage Marketplace, whose 30-year fixed currently is at 4.93%.

    March 31
  • CUJ content
    Florida CFO Lends Support To Expanded MBL

    TALLAHASSEE, Fla. – Count the state of Florida’s CFO, Alex Sink, as a credit union supporter and solidly behind the push to extend the member business lending cap.

    March 31
  • CUJ content
    Mummy Bandit Strikes In Phoenix

    PHOENIX – A man being called the “Mummy Bandit” hit a credit union branch here.

    March 31
  • CUJ content
    New iBelong Spots Strike More Aggressive Tone

    HARRISBURG, Penn. – The Pennsylvania CU Association has unveiled a new series of TV ads for its iBelong campaign.

    March 31
  • Lending
    Analysts: New Mortgage Relief Program Has Old Problems

    WASHINGTON – Analysts are suggesting that several key details are different, but the latest attempt to help underwater borrowers could run into some of the same fundamental problems that scuttled earlier efforts.

    March 31
  • CUJ content
    Dow Jones: ‘Beginning of the End’ of Recession?

    NEW YORK – The Dow Jones Economic Sentiment Indicator notched up to 39.4 in March from 38.1 in February, suggesting a possible “beginning of the end” of the economic downturn, the company said of the findings.

    March 31
  • CUJ content
    Remittance Reform Could Hurt Consumers, NAFCU Warns

    ARLINGTON, Va. – A proposal to reform remittance practices could force credit unions to terminate their international electronic transfer programs, pushing members to seek these same services at more expensive non-traditional providers, NAFCU said.

    March 30
  • CUJ content
    A+ Signs On To Sponsor School’s Athletic Programs

    SAN MARCOS, Texas – A+ FCU here has signed on as the official corporate sponsor of the football, baseball and softball programs at San Marcos Baptist Academy, a school for students in grades 7-12.

    March 30
  • Lending
    Arizona CU’s Website Aims To Simplify Mortgage Apps

    PHOENIX – Arizona Central Credit Union has launched a new website to streamline the mortgage application process for its members.

    March 30
  • CUJ content
    CEO Who Held Job For 65 Years Dies

    ERIE, Penn. – Harold Brown, the former CEO of Conrail Erie FCU (now Tri State Rail FCU) for more than 65 years, has died.

    March 30
  • CUJ content
    SWBC To Begin Offering Pet Insurance

    SAN ANTONIO – SWBC here has entered into a partnership with Purina to offer its PurinaCare Insurance Services, Inc. to credit union members and employees.

    March 30
  • CUJ content
    Prices On Bad Debt Portfolios Show Some Increases

    CARLSBAD, Calif. – Prices of bad-debt portfolios have increased in recent weeks, with prices of fresh debt improving at a faster rate than older receivables, according to industry observers.

    March 30
  • CUJ content
    Barbados CUs Make Plans To Offer Deposit Insurance

    BRIDGETOWN, Barbados – Credit unions in this country soon may offer members deposit insurance after accepting a World Council of Credit Unions (WOCCU) designed program.

    March 30
  • CUJ content
    Some Members Continue To Fall For Scam

    FORT WAYNE, Ind. – Officials with Three Rivers FCU here report they are working with members who have fallen victim to an automated phone scam in which they are told their credit card needs to be reactivated.

    March 30
  • Payments
    MidFlorida Moves To Reissue 12,000 Debit Cards

    LAKELAND, Fla. – MidFlorida Credit Union is re-issuing approximately 12,000 debit cards following fraud attempts linked to the earlier data breach at Heartland Payment Systems in January of 2009.

    March 30
  • CUJ content
    Tuition Discount Offered In New England

    BOSTON – The New England College of Business and Finance (NECB) has partnered with Marlborough-based CUSO New England Credit Union Services (NECUS) to help credit union employees and their families save on college tuition.

    March 30
  • CUJ content
    Government Could Turn $7B Profit On Citigroup

    WASHINGTON – Uncle Sam could turn a profit of more than $7 billion in its investment in Citigroup as it makes plans to sell the $32-billion stake it currently holds.

    March 30
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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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