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Market Intelligence:
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Industry Data
  • CUJ content
    Earnings Surge At S1 Corp

    NORCROSS, Ga. – S1 Corp. reported fourth quarter earnings soared by 86% as revenue improved and expenses fell.

    March 7
  • CUJ content
    Fiserv Claims Laid Off Exec Stole Customer List

    BOSTON – Fiserv filed suit in federal court here last week claiming a senior executive laid off from its CheckFree unit took a confidential customer list with him and is now using it to solicit customers on behalf of a competitor, Charles River Systems.

    March 7
  • CUJ content
    Pacific Cascade FCU Workplace Is One Big Family

    EUGENE, Ore. – Employees at Pacific Cascade FCU are encouraged to bring their newborn children to work with them as part of the "Babies in the Workplace Program."

    March 7
  • Branch network
    Gesa CU Finishes Green Branch

    RICHLAND, Wash. – Gesa CU said it has completed construction of a 5,600-square-foot environmentally friendly branch in nearby Kennewick.

    March 7
  • Branch network
    Virginia CU Buys Restaurant For Branch

    RICHMOND, Va. – Virginia CU, which has been adding new branches, has purchased the former Hops Restaurant building in Henrico County.

    March 7
  • CUJ content
    Robber Favors Bethpage FCU Branches

    BETHPAGE, N.Y. – Police arrested a man they say tried to rob separate branches of Bethpage FCU within minutes last Wednesday morning – after having hit three other branches of the credit union in recent weeks.

    March 7
  • CUJ content
    YOUR FCU’s Longtime CEO Judy Kelly Retires

    IRVING, Texas – YOUR FCU, a former IBM employees credit union, said it hired Mark O’Bryan, one-time head of EDS CU, as new president and CEO of the $166 million credit union.

    March 7
  • Branch network
    Giant New ESL FCU HQ To Anchor Downtown Rochester Revival

    ROCHESTER, N.Y. – The first wave of ESL FCU employees are scheduled to begin work today in the credit union’s new headquarters, one of the lynchpins in a revitalization plan for this beleaguered city’s downtown.

    March 7
  • Corporate credit unions
    Securitization At End Of Tunnel For Legacy Corporate Assets

    ALEXANDRIA, Va. – NCUA is watching closely a pilot program by the FDIC to securitize assets from failed banks as a means of disposing billions of dollars in private label mortgage-backed securities held by corporate credit unions.

    March 7
  • CUJ content
    Four More Banks Fail

    WASHINGTON – Regulators shuttered banks in Florida, Illinois, Maryland and Utah on Friday, raising to 26 the number of bank failures so far this year following the 140 brought down in 2009.

    March 7
  • CUJ content
    Pennsylvania CU Failure Is Third In A Week

    NEW CASTLE, Penn. – NCUA on Friday said it liquidated Lawrence County School Employees FCU and assigned the remnants of the one-time $6 million credit union to $22 million First Choice FCU in a purchase and assumption agreement.

    March 7
  • CUJ content
    CEO To Shave Her Head For Charity

    SAN FRANCISCO – Diana Dykstra, CEO of San Francisco Fire CU, has agreed to shave her head as part of a fundraiser for the California’s Children’s Hospital – providing she is able to raise $10,000 from friends and family first.

    March 4
  • Lending
    Long-Term Mortgage Rates See-Saw Back Below 5%

    WASHINGTON – Long-term mortgage rates dipped this week, after rising the prior week, with the average for the benchmark 30-year loan again declining below 5%, according to Freddie Mac.

    March 4
  • Branch network
    Dupaco Community CU Adds Two New Branches

    DUBUQUE, Iowa – Dupaco Community CU is building a second branch in nearby Cedar Rapids, one of two planned for 2010 by the $780 million credit union.

    March 4
  • Branch network
    ESL FCU Moves To New HQ

    ROCHESTER, N.Y. – Consonus, of Cary, N.C., and its data center relocation partner Hi-Tech Transportation, relocated 200 computer servers and other data center devices to ESL FCU’s new headquarters in just 12 hours last Saturday – returning one of the country’s largest credit unions to full operational status by Sunday afternoon.

    March 4
  • Technology
    Patelco CU Adds ForeScout’s CounterACT Online Security System

    SAN FRANCISCO – Patelco CU said it has implemented ForeScout Technologies’ CounterACT solution to defend against malware attacks and insider fraud and assist with regulatory compliance.

    March 4
  • CUJ content
    Venerable Steel Workers CU Merged Out

    FORT WAYNE, Ind. – Specialty FCU, a one-time $9 million credit union serving steel manufacturing employees, is being merged into $180 million Fort Financial CU.

    March 4
  • CUJ content
    Massachusetts High Court Rejects CUs’ Appeal In BJ Wholesale Card Breach

    BOSTON – The state Supreme Court upheld a lower court ruling dismissing a suit by CUMIS Insurance Society and 130 credit unions claiming they were owed recompense in the 2004 credit card breach at BJ Wholesale Club.

    March 4
  • CUJ content
    More Loan Losses Ahead

    MADISON, Wis. – January was a bad month for credit unions with negative growth for both shares and loans, while loan delinquencies continued to rise to a 22-year high.

    March 4
  • Corporate credit unions
    NCUA Extends Corporate Guarantee Program

    ALEXANDRIA, Va. – NCUA on Thursday said it has extended the expiration date of NCUA’s Temporary Corporate CU Share Guarantee Program, the emergency guarantee of all corporate deposits, from March 31, 2012, to June 30, 2012.

    March 4
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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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