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Market Intelligence:
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Industry Data
  • CUJ content
    Northwest FCU Publishes Financial Ed Kids Book

    HERNDON, Va. – Northwest FCU has published a children’s book to help parents educate their children on the importance of saving, spending and sharing money wisely.

    February 4
  • Corporate credit unions
    Corporates Yet To Realize Large Amounts Of Unrealized Losses

    ORLANDO, Fla. – Corporate credit unions continued to hold securities showing unrealized losses of $17 billion at year-end 2009, which is down from the more than $25 billion in unrealized losses corporates held at the beginning of the year, but NCUA cautioned against reading too much into those numbers because growing amounts of losses are being realized.

    February 4
  • Corporate credit unions
    Corporates Feel Squeezed By NCUA Proposal

    ALEXANDRIA, Va. – Corporate credit unions, especially the smaller corporates who have been largely unaffected by the huge losses on mortgage-backed securities sweeping through the system, are calling on NCUA to temper its proposed reforms which they fear could make it more difficult for them to compete.

    February 4
  • CUJ content
    Michigan CU Member Wins $100,000 Savings Prize

    LANSING, Mich. — An elderly member of NuUnion CU was named winner today of the first $100,000 Save to Win contest sponsored by eight Michigan credit unions.

    February 4
  • CUJ content
    Altura CU Ups Scholarship Program To $60,000

    RIVERSIDE, Calif. – Altura CU said its Altura Foundation is increasing the number of $1,000 scholarships it awards this year from 46 to 60.

    February 3
  • CUJ content
    Earnings Fall At Credit Bureau Equifax

    ATLANTA – Equifax reported a 6% decline in fourth quarter net income, even as revenues rose almost 4% for the quarter, due mainly to a $16.4 million restructuring charge.

    February 3
  • CUJ content
    ATM Maker Diebold Announces More Layoffs As Sales Slump

    NORTH CANTON, Ohio – Diebold yesterday reported it will eliminate another 350 jobs by the end of the month – part of a multi-year restructuring – as revenues in its core business continue to slide.

    February 3
  • CUJ content
    Profits Surge At Visa

    SAN FRANCISCO – Visa, Inc., yesterday said net income for its fiscal first quarter soared 33% to $763 million, as both the number of Visa cards and the volume of transactions continued to grow at a healthy pace.

    February 3
  • CUJ content
    Fraud Gang Paid CU Members To Use Accounts

    JACKSONVILLE, Fla. – As many as 30 people have been arrested as part of a gang that paid members of First Community FCU and VyStar CU to use their accounts, deposit phony checks and withdraw as much as $300,000 in cash before the credit unions discovered the checks were bad.

    February 3
  • CUJ content
    Municipal CU To Buy Naming Rights To Coney Island Baseball Stadium

    NEW YORK – Municipal CU is expected to announce a deal today acquiring the naming rights for the Brooklyn Cyclones’ Coney Island ballpark.

    February 3
  • CUJ content
    Chino FCU Sponsors $1.99-A-Gallon Gas

    SILVER CITY, Calif. – Thousands of motorists lined up at the pumps at a local Shell Station last Saturday to take advantage of $1.99 a gallon, courtesy of Chino FCU.

    February 3
  • CUJ content
    Bucks First FCU Airs Free Web Commercial

    BRISTOL, Penn. – Internet surfers were urged to "Buck the trend" in a free commercial aired yesterday by Bucks First FCU, winner of an "I Love Local Commercials" series to promote local businesses.

    February 3
  • Corporate credit unions
    Southeast Corporate FCU Reports $45 Million Loss For 2009

    TALLAHASSEE, Fla. – Southeast Corporate FCU was the latest corporate credit union to report losses for 2009, telling members yesterday it ran $45.1 million in the red.

    February 3
  • Performance reports
    Patelco CU Digs Out Of The Red

    SAN FRANCISCO – Patelco CU yesterday said it had net income of $15.2 million for the fourth quarter of 2009, trimming its losses to $14.6 million for the year.

    February 3
  • Lending
    Treasury Gives CDCUs Access To Low-Cost TARP Funds

    WASHINGTON – The Treasury Department yesterday agreed to provide $1 billion in 2% loans to 800 financial institutions – including fewer than 100 credit unions – certified as community development financial institutions through its CDFI program.

    February 3
  • CUJ content
    Jack Henry Advances In Quarter

    MONETT, Mo. – Jack Henry & Associates said net income grew in its just completed fiscal second quarter by 7%, driven by a strong 11% rise in revenues.

    February 2
  • CUJ content
    Fiserv Reports Strong Fourth Quarter

    BROOKFIELD, Wis. – Fiserv reported a surge in fourth quarter earnings to $118 million, from $62 million a year ago when it recorded a $40 million loss on the sale of its insurance business.

    February 2
  • CUJ content
    Guilty Plea In Hurricane Katrina ATM Scheme

    NEW ORLEANS – A member of New Orleans Firemen’s FCU pleaded guilty to stealing $3,400 from the credit union after electric outages caused by 2005's Hurricane Katrina forced the credit union to go offline with its ATM services.

    February 2
  • CUJ content
    Group Charged With Forging Soldier’s Signature On Stolen Checks

    DOVER-FOXCROFT, Maine – A local man last week was charged with stealing a box of Maine Highlands FCU checks from an active duty U.S. Army soldier in 2008, then helping a group forge more than $14,000 worth of the stolen checks.

    February 2
  • Branch network
    Madison County FCU Opens Branch In Wal-Mart Parking Lot

    ANDERSON, Ind. – Madison County FCU said it has opened a new service facility in the parking lot of the local Wal-Mart, replacing its downtown branch.

    February 2
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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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