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Market Intelligence:
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  • Technology
    Merced School Employees FCU Adds Fiserv’s MobileMoney

    MERCED, Calif. – Merced School Employees FCU has implemented Fiserv’s mobile banking service, MobileMoney.

    January 5
  • Technology
    Patriot FCU Adds Silver Peak’s WAN System

    CHAMBERSBURG, Penn. – Patriot FCU said it has installed Silver Peak Systems NX wide area network appliances.

    January 5
  • CUJ content
    Self-Help FCU Acquires Third California CU

    OAKLAND, Calif. – Self-Help FCU, a federally chartered credit union created by well-known community development credit union Self-Help CU a year ago, was approved by NCUA and state regulators to acquire ailing El Futuro CU, an $8 million institution based in Porterville, Calif., the third deal for the CDCU start-up over the past 17 months.

    January 5
  • CUJ content
    Washington CUs Cleared For State’s Energy Efficiency Grants

    OLYMPIA, Wash. – The state Department of Financial Institutions here ruled state chartered credit unions may participate in the Department of Commerce’s $5 million energy grants program.

    January 5
  • Lending
    New York CUs Battle Over Mortgage Recording Tax

    ALBANY, N.Y. – A new state law will exempt state chartered credit unions from the state’s special additional mortgage recording tax, which already exempts federal charters.

    January 5
  • CUJ content
    Suffolk FCU Sues CUMIS Over Fannie Mae Fraud Coverage

    MEDFORD, N.Y. – Suffolk FCU, one of the biggest victims of the U.S. Mortgage/CU National Mortgage fraud, filed suit against CUMIS in federal court Monday, the latest effort by a credit union to prevent the credit union insurer from voiding coverage in the $140 million mortgage fraud.

    January 5
  • Technology
    Moebs Wins Patent For Overdraft Protection Service

    LAKE BLUFF, Ill. – Moebs Services has been granted a patent for a new service that will allow credit unions and banks to customize their overdraft protection programs.

    January 5
  • CUJ content
    Addison Avenue FCU’s Steve Lumm To Head Troubled Kinecta FCU

    MANHATTAN BEACH, Calif. – Ailing Kinecta FCU said last night it has hired respected credit union industry veteran Steve Lumm as its interim president and CEO.

    January 5
  • CUJ content
    Florida Ban For CU CEO

    TALLAHASSEE, Fla. – Chris Leggett, president of LGE Community CU in Marietta, Ga., has signed a consent agreement with Florida's regulator barring him from working for any Florida-based financial institution for the next five years.

    January 4
  • CUJ content
    Former NYCE Exec To Head Cardtronics

    HOUSTON – ATM operator Cardtronics has hired Steven Rathgaber, a one-time executive at NYCE Payments Network LLC., as its new CEO.

    January 4
  • CUJ content
    Northeast CU Donates $10,000 To New Hampshire Food Bank

    MANCHESTER, N.H. – Northeast CU’s President Peter Kavalauska presented a check for $10,000 to the New Hampshire Food bank last week.

    January 4
  • CUJ content
    Wisconsin’s Marine CU Acquires Troubled First Service CU

    FOND du LAC, Wis. – Marine CU has acquired First Service CU, an ailing $34 million credit union in Milwaukee.

    January 4
  • CUJ content
    Centris FCU Gives Away Smart Car To Celebrate 75th Anniversary

    OMAHA, Neb. – A local businessman won a 2009 Smart car as part of the 75th anniversary celebration of Centris FCU.

    January 4
  • Branch network
    Utah First FCU Plans Move To Downtown

    SALT LAKE CITY – Utah First FCU said it is moving its headquarters into a building it recently acquired in the downtown area here.

    January 4
  • CUJ content
    Securityplus FCU’s Tim Carney Retires

    BALTIMORE – Securityplus FCU said its president and CEO Timothy Carney is retiring after 21 years with the $320 million credit union.

    January 4
  • CUJ content
    OMNI Community CU Launches $40,000 Grant Program

    BATTLE CREEK, Mich. – OMNI Community CU announced yesterday it will be distributing $40,000 throughout the year to local non-profits through its "OMNI Gives Back" grant program.

    January 4
  • Performance reports
    Members United Corporate FCU Posts $1.2 Billion Loss For 2008

    WARRENVILLE, Ill. – Nearly a full year after we said goodbye to 2008, Members United Corporate FCU finally was able to close the books on it as well, posting a $1.2 billion loss for the year in a financial statement released on New Year’s Eve 2009-10.

    January 4
  • Branch network
    Security Service FCU Adds ATMs In Stripes Convenience Stores

    SAN ANTONIO – Security Service FCU has signed with Stripes LLC to provide its members with access to ATMs at 500 Stripes and Town & Country convenience stores in Texas, Oklahoma and New Mexico.

    January 4
  • CUJ content
    Plea Deal In $9 Million Embezzlement Protects Ex-CU Manager’s Family

    WHEELING, Va. – The former president of Center Valley FCU agreed to plead guilty yesterday to stealing as much as $9 million from the $17 million credit union as part of a deal that will dissuade prosecutors from charging her husband and grown children in the scheme.

    January 4
  • CUJ content
    A Look Ahead At What The New Year Might Hold For CUs

    KANSAS CITY, Mo.-It's likely no job title will get more scrutiny in 2010 than chief financial officer. CFOs told Credit Union Journal that excess liquidity, growth management and the threat of interest rate spikes in the coming years are forefront in their minds as the new year gets under way.

    January 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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