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  • CUJ content
    St. John Tulsa FCU Now Encentus FCU With New TIP Charter

    TULSA, Okla. – St. John Tulsa FCU said it has changed its name to Encentus FCU to reflect its new charter serving anyone in the health care industry in northeastern Oklahoma.

    February 28
  • CUJ content
    Maine Family CU’s Longtime CEO Ron Fournier Retires

    LEWISTON, Maine – Maine Family CU said Ron Fournier retired as president and CEO after 22 years leading the $100 million credit union.

    February 28
  • Technology
    Freedom CU Goes Mobile Through CO-OP Financial

    WARMINSTER, Penn. – Freedom CU said it is implementing mobile banking services through CO-OP Financial Services’ CO-OP Mobile.

    February 28
  • CUJ content
    ESL FCU Asks Students For Their Poems To Celebrate New HQ

    ROCHESTER, N.Y. – ESL FCU and Writers & Books are sponsoring a poetry contest for youngsters in honor of the credit union moving its headquarters to downtown later this month.

    February 28
  • Branch network
    Washington CUs May Promote Branch With SEG’s Name

    OLYMPIA, Wash. – State chartered credit unions may dedicate branches to specific select groups with signs and other promotions, as long as they make clear the operation is a unit of the credit union, according to a new legal opinion issued last week by the Department of Financial Institutions’ Division of CUs.

    February 28
  • CUJ content
    Huge Losses Lead CU To Limit Member Withdrawals

    NEW CASTLE, Penn. – The board of Lawrence County Schools Employees’ CU last week voted to limit the amount of money members may withdraw after the $5 million credit union reported a $3.4 million fourth quarter loss.

    February 28
  • CUJ content
    Senate Abandons Plans For Independent Consumer Financial Protection Agency

    WASHINGTON – Leaders of the Senate Banking Committee apparently have agreed on a scheme for a consumer financial protection agency but the latest plan would establish the initiative as an office inside the Treasury Department, rather than creating a new bureaucracy.

    February 28
  • Corporate credit unions
    Call Grows For Formal Review Of Cause Of Corporate Meltdown

    WASHINGTON – Growing numbers of credit union executives are calling for an NCUA investigation into the causes of the corporate credit union meltdown.

    February 28
  • CUJ content
    Another California CU Fails

    SANTA ANA, Calif. – NCUA on Friday liquidated Mutual Diversified Employees FCU, the fourth credit union failure of 2010, and assigned the assets of the one-time $8 million credit unions to nearby giant SchoolsFirst FCU.

    February 28
  • CUJ content
    Risky CDO Investments Leads To Demise Of CU-Convert Rainier Pacific Bank

    TACOMA, Wash. – State regulators on Friday shut down credit union-convert Rainier Pacific Bank and assigned its customer accounts to Oregon’s Umpqua Bank after ill-fated investments in risky collateralized debt obligations, known as CDOs, went bad.

    February 28
  • CUJ content
    Public Funds Bill Passes Oregon Senate

    BEAVERTON, Ore. – The Oregon state Senate earlier this week passed a credit union public funds bill that removes the current $250,000 limitation on the amount of public fund deposits a credit union can receive.

    February 25
  • CUJ content
    Fannie Mae Takes $5 Billion Charge On Tax Credits

    WASHINGTON – Fannie Mae said it plans to take a $5 billion charge when its reports its fourth quarter results Friday because the government blocked its plan to sell tax credits.

    February 25
  • CUJ content
    FHLB Pittsburgh Reports $37 Million Loss For 2009

    PITTSBURGH – The Federal Home Loan Bank of Pittsburgh, buried by toxic mortgage-backed securities, announced a loss of $37.4 million for last year, compared to a net of $56.8 million for 2008.

    February 25
  • CUJ content
    Dupaco Community CU Acquires Local Insurance Firm

    DUBUQUE, Iowa – Dupaco Community CU said its Dupaco Insurance Services CUSO has purchased Town & Country Insurance.

    February 25
  • CUJ content
    City County CU Trades Paper Statements For Trees

    FORT LAUDERDALE, Fla. – City County CU has joined Mokugift’s 1,000 Ways To Plant A Tree campaign and will plant a tree for every member that opts-in to paperless e-statements.

    February 25
  • Technology
    Cooperative Services CUSO Adds Viewpointe’s Pointe2Pointe For Check Image Exchange

    ATLANTA – Cooperative Services, a CUSO owned by credit unions and Georgia Central CU, said it is implementing Viewpointe’s Pointe2Pointe with Internet connectivity service for check image exchange transfers.

    February 25
  • CUJ content
    2nd Node CUSO Provides Business Continuity For CUs

    DALLAS – Advancial FCU and University FCU have created a CUSO called 2nd Node that will develop a business continuity solution for both credit unions and they hope to add more credit union customers.

    February 25
  • CUJ content
    New Orleans Times-Picayune Employees FCU Publishes Final Edition

    NEW ORLEANS – NCUA has approved the merger of The Times-Picayune Employees FCU, which served employees and retirees of the city’s daily newspaper, into New Orleans Firemen’s FCU, a $125 million credit union based in nearby Metairie.

    February 25
  • CUJ content
    Tiny Mississippi CU Is Third Failure Of 2010

    CLARKSDALE, Miss. – NCUA said it liquidated Friendship Community FCU, a one-time $2.5 million credit union, and assigned the member accounts to Shreveport FCU, a $76 million community development credit union in nearby Shreveport, La.

    February 25
  • CUJ content
    Corporate One FCU Signs Broker/Dealer Pact With Multi-Bank Securities

    COLUMBUS, Ohio – Corporate One FCU announced it has contracted with Multi-Bank Securities of Pleasant Ridge, Mich., to provide investment products and other securities-related services to its 160 credit union members.

    February 25
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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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