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Market Intelligence:
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Industry Data
  • CUJ content
    Summit CU Renews With Bluepoint Solutions

    GREENSBORO, N.C. – Summit CU has signed a five-year renewal of a contract with Bluepoint Solutions to use the company’s teller capture, receipt manager and enterprise content management products.

    February 2
  • CUJ content
    Maryland SECU’s Financial Ed Program Is FoolProof

    BALTIMORE – State Employees CU is hoping to enter hundreds of the state’s high schools with a new financial literacy program being rolled out in partnership with FoolProof, a nationally known group of consumer advocates.

    February 2
  • Technology
    BECU Signs With DocuSign For e-Signature Service

    TUKWILA, Wash. – BECU has contracted with DocuSign to deploy the company’s e-signature service within the BECU consumer lending workflow.

    February 2
  • Technology
    Navy Fed Adds MDA MindBox’s Mortgage Decisionmaking Tool

    VIENNA, Va. – Navy FCU yesterday said it has implemented MDA MindBox’s ARTOptimize decisionmaking solution for mortgage and home equity loans.

    February 2
  • Branch network
    First CU Shutters Two Branches

    CHANDLER, Ariz. – First CU, one of several large Arizona credit unions suffering big losses, this week said it will close two branches, one in Flagstaff, ending a 23-year presence in that city.

    February 2
  • CUJ content
    Five CUs Share In Surcharge-Free ATM Bid

    RALEIGH, N.C. – Four defense credit unions and State Employees’ CU have joined to offer surcharge-free ATMs to North Carolina National Guard personnel worldwide.

    February 2
  • CUJ content
    NCUA Sues Wells Fargo Over Connecticut CU Fraud

    NEW LONDON, Conn. – NCUA on Friday filed suit in federal court against Wells Fargo Investment Advisors seeking $10 million it believes a now-deceased investment advisor working for the brokerage stole from New London Security FCU, which the agency shut down in July 2008.

    February 2
  • Lending
    Texans CU Wins $40 Million Verdict In MBL Suit

    DALLAS – A federal bankruptcy court Monday awarded CU Liquidity Services LLC, a wholly owned CUSO of Texans CU, a $40 million verdict over a dispute concerning a multi-million member business loan the CUSO made to a troubled shopping mall in suburban Chicago.

    February 2
  • CUJ content
    CUNA Mutual Awards $260,000 In Grants

    MADISON, Wis. – The CUNA Mutual Foundation has renewed $260,000 in first-quarter grants to non-profit organizations in the Madison area, including $185,000 to KinderReady, a program CUNA Mutual helped launch in 2007.

    February 1
  • CUJ content
    Members 1st Member Sought In Check Cashing Scam

    HARRISBURG, Penn. – Police are trying to identify a woman who has cashed more than $7,000 of counterfeit checks at several branches of Members 1st FCU over the past two weeks.

    February 1
  • Lending
    FHA Eyes Premium Hike

    WASHINGTON – The Federal Housing Administration is seeking congressional permission to raise the annual premium on FHA-single-family loans to 0.85%, up from the current 0.55% statutory limit, according to the President's fiscal year 2011 budget proposal.

    February 1
  • Lending
    Fynanz Gets Venture Funds For cuStudentLoans.org Private Loan Site

    WALL STREET – Fynanz Inc., a provider of a private student loan program for credit unions called cuStudentLoans.org, yesterday said it has raised $6.5 million in new funding from a group of venture capital funds.

    February 1
  • CUJ content
    ‘PJ Bandit’ Eyed In 15 Bay State Heists

    BOSTON – A man who robbed a Workers CU branch in Gardner last week is believed to be the same bandit who hit as many as 15 Bay State credit unions and banks since October.

    February 1
  • CUJ content
    Southbridge CU Awards Community Groups

    SOUTHBRIDGE, Mass. – Southbridge CU made four grants of $1,000 each to organizations in its Community Champions Fund.

    February 1
  • Branch network
    Robins FCU Buys Bank Branch

    FORSYTH, Ga. – Robins FCU, based in nearby Warner Robins, has acquired a branch from Piedmont Community Bank that is slated for closing.

    February 1
  • Technology
    Communication FCU Adds uMonitor’s Online Accounting Opening

    OKLAHOMA CITY – Communication FCU yesterday said it has signed with uMonitor to implement the company’s account opening and funding solution, uOpen and uFund.

    February 1
  • Technology
    Christian Community CU First To Use Fiserv’s Acumen Processing System In U.S.

    SAN DIMAS, Calif. – Christian Community CU yesterday announced it signed an agreement to implement Acumen, Fiserv’s recently introduced accounting processing platform.

    February 1
  • Performance reports
    CommunityAmerica CU Pays Owner Dividend

    KANSAS CITY, Mo. – CommunityAmerica said it distributed $500,000 to members last week as an Owner Participation Dividend.

    February 1
  • Growth strategies
    Report: CUs Not Leveraging Advantages For Market Share Gains

    MADISON, Wis. - Credit unions far outpace community and national banks in consumer perception and satisfaction, but that doesn't necessarily bring growth or market share, according to a new McKinsey/Filene report set to be released this week.

    February 1
  • CUJ content
    Underserved Banking Program Spreads To Another California City

    SANTA ANA, Calif. – Communidad Latina FCU joined seven banks to offer low-cost accounts to unbanked individuals as part of the Bank on Santa Ana program.

    February 1
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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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