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Market Intelligence:
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  • CUJ content
    Aloha Pacific FCU Offers $20,000 In Scholarships

    HONOLULU – Aloha Pacific FCU is offering ten $2,000 scholarships under its annual Masami Oishi Memorial Scholarship program.

    December 17
  • CUJ content
    Virginia CU Foundation Donates $10,000 To Salvation Army

    LYNCHBURG, Va. – The Credit Unions Care Foundation of Virginia has made a $10,000 donation to aid food banks and the Salvation Army this holiday season.

    December 17
  • Lending
    Mortgage Rates Rise For Second Week

    WASHINGTON – Home loan rates climbed for a second consecutive week, after nearing 30-year lows, but remained below 5%, according to Freddie Mac.

    December 17
  • CUJ content
    Trial Set In $1.2 Embezzlement From Church-Based CU

    MIAMI, Ariz. – The former manager of Marian Miami FCU is scheduled to go on trial Jan. 12 for a $2.2 million loan scheme that bankrupted the one-time $10 million credit union for a local church.

    December 17
  • Corporate credit unions
    Southeast Corporate FCU Delivers Pink Slips

    TALLAHASSEE, Fla. – Southeast Corporate FCU, one of several struggling corporate credit unions announced more lay-offs this week, making a total of 28 staff reductions for the year.

    December 17
  • CUJ content
    World Council Of CUs Gets Funding For Afghanistan Project

    WASHINGTON – The US Agency for International Development yesterday awarded the World Council of CUs a $60.5 million contract to expand credit union services in southern and eastern Afghanistan.

    December 17
  • Lending
    City Of San Francisco Joins CUs In Payday Loan Program

    SAN FRANCISCO – Six local credit unions and the San Francisco Treasurer’s office kicked off a payday loan program yesterday to build on progress reaching the unbanked made by the two-year-old Bank on San Francisco.

    December 17
  • CUJ content
    NCUSIF Reserves Continue Decline

    ALEXANDRIA, Va. -- NCUA said this morning the reserve ratio for the National CU Share Insurance Fund continued to fall again last month, even as the agency was collecting $720 million in a special NCUSIF premium assessment.

    December 17
  • CUJ content
    ‘Puffy Jacket Bandit’ Hunted For Eight Robberies

    BOSTON – A serial robber known for a puffy winter jacket he wears is wanted in connection with eight Bay State robberies, five of them at metro area credit unions since Oct. 29.

    December 16
  • Performance reports
    Digital FCU Hit By Another Troubled MBL

    EAST WAREHAM, Mass. – The owner of the East Wareham Maple Park campground and nearby cranberry bogs filed for Chapter 11 bankruptcy protection this week, listing Digital FCU and its $5 million claim as its biggest secured creditor.

    December 16
  • Technology
    Ohio University CU Adds Profound Communications’ SEG Ambassador Web Portal

    ATHENS, Ohio – Ohio University CU said yesterday it has launched a new Select Employee Group Ambassador Web Portal.

    December 16
  • Branch network
    Tri County Area FCU Opens In-School Branch

    LOWER POTTSGROVE, Penn. – Students and faculty at Pottsgrove High School can now conduct their finances at school with the opening of a new on-campus branch of Tri County Area FCU.

    December 16
  • Branch network
    Assemblies Of God CU Buys Another Bank Branch

    SPRINGFIELD, Mo. – Assemblies of God CU purchased a branch this week being closed by Village Bank, its second purchase of a bank branch in recent months. The branch is one of three being closed by Village Bank.

    December 16
  • Branch network
    State Employees CU Of Maryland Has Sweet Plans For New Branch

    COLUMBIA, Md. – State Employees CU of Maryland has acquired a former Krispy Kreme donut shoppe here which it plans to renovate into a new branch.

    December 16
  • CUJ content
    Teen Teller Charged In CU Theft

    HAVERHILL, Mass. – A 19-year-old part-time teller at Merrimack Valley FCU was charged Tuesday with stealing $21,200 from an elderly couple’s account and using the money for a trip to Amsterdam.

    December 16
  • Technology
    Pennsylvania State Employees CU Chooses Firethorn For Mobile Banking

    HARRISBURG, Penn. – Pennsylvania State Employees CU said yesterday it has signed with Firethorn Holdings, LLC to offer the company’s mobile banking platform to its members in 2010.

    December 16
  • Branch network
    Washington State Employees CU New Headquarters Part Of $65 Million Development

    OLYMPIA, Wash. – Washington State Employees CU, the state’s second largest credit union, celebrated a grand opening yesterday for its new headquarters here, a five-story, 130,000 square-foot building on the downtown’s Union Avenue.

    December 16
  • CUJ content
    Hatchet-Wielding Robber Cut Down To Size At CU

    COUNCIL BLUFFS, Iowa – A hatchet-wielding robber was arrested Tuesday after he made a second visit to the same credit union he tried and failed to rob earlier in the day.

    December 16
  • CUJ content
    Santa’s Elves Deliver $10,000 Winnings For Connex CU’s Savings Challenge

    NORTH HAVEN, Conn. – Just in time for the holidays, three Christmas ‘elves’ surprised two married members of Connex CU as they arrived at the branch for what they thought would be a final coaching session for the credit union’s Savings Challenge with a mock $10,000 check for winning the contest.

    December 16
  • CUJ content
    Greater Cincinnati CU Rewards Perfect School Attendees

    CINCINNATI – Six Mason High School students who maintained a perfect attendance were awarded $100 each and a free lunch for them and their guests under Greater Cincinnati CU’s annual Perfect Attendance Program.

    December 15
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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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