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  • CUJ content
    Apple FCU Collects Supplies For Local Food Bank, Salvation Army

    FAIRFAX, Va. – Members and employees of Apple FCU collected 210 pounds of food and 300 coats for the Blue Ridge Area Food Bank Network and The Salvation Army.

    December 15
  • CUJ content
    Interra CU Hopes To Raise $25,000 For Charities With ‘Pay it Forward’

    GOSHEN, Ind. – Interra CU said it could provide as much as $25,000 to local charities through its own ‘Pay It Forward’ campaign.

    December 15
  • Technology
    Affinity FCU Offers Digital Insight’s Small Business FinanceWorks

    BASKING RIDGE, N.J. – Affinity FCU said it has partnered with Digital Insight, an Intuit company (the makers of QuickBooks and Quicken) to offer Small Business FinanceWorks, an online solution designed to streamline the financial tasks of small businesses.

    December 15
  • Branch network
    Abilene Teachers FCU Builds New Home

    ABILENE, Texas – Abilene Teachers FCU broke ground yesterday on a two-story building here that will serve as new headquarters and a branch for the $270 million credit union.

    December 15
  • Performance reports
    Wescom Central CU Announced 12 Branch Closings

    PASADENA, Calif. – Wescom Central CU announced Monday it is closing 12 branches early next year as it continues to dig out from large losses.

    December 15
  • Performance reports
    Experts See Downward Pressure On Savings Rates

    SAN ANSELMO, Calif. – Deposits rates are expected to continue to decline or stay flat during the first half of 2010, according to a new study issued yesterday by Market Rates Insight, a research firm that tracks rates for deposits, loans and fees.

    December 15
  • Performance reports
    FDIC Doubles Funding To Resolve Troubled Banks

    WASHINGTON – The FDIC yesterday approved a $4 billion budget for 2010–$2.5 billion of it to resolve failing banks–and the number of failures to continue to rise.

    December 15
  • CUJ content
    CUNA Mutual Laments Loss In BJ Cards Breach Case

    MADISON, Wis. – CUNA Mutual Group officials expressed regret yesterday at this week’s setback in the BJ Wholesale Club Breach but said they hope the losing suit in the case helps bring awareness to shortcomings in the system for compensating credit unions and other financial institution victims of card frauds.

    December 15
  • CUJ content
    MBL CUSO Funds Student Housing At University Of Maryland

    COLLEGE PARK, Md. – Developers broke ground this week on a $33 million student housing and commercial development at the University of Maryland that is being financed by State Employees CU of Maryland and other credit union members of the CUBC, LLC, the member business lending CUSO.

    December 15
  • Performance reports
    CEFCU Ups Members’ Holiday Bonus To $7 Million

    PEORIA, Ill. – CEFCU, the state’s second-largest credit union, said yesterday it will be paying members a $7 million dividend this year, up from last year’s $6 million.

    December 15
  • CUJ content
    Massachusetts High Court Rules Against CUs In Landmark Cards Breach Case

    BOSTON – The Massachusetts Supreme Court affirmed a lower court decision and dismissed the multi-million dollar lawsuit by CUMIS Insurance Society on behalf of 90 credit unions whose credit cards were breached in the 2005 hacking of BJ’s Wholesale Club.

    December 15
  • Lending
    Fiserv Sells Loan Fulfillment Services To ISGN Solutions

    BROOKFIELD, Wis. – Fiserv said it completed the sale of its Loan Fulfillment Services business to ISGN Solutions.

    December 14
  • Technology
    CO-OP Financial Strikes ATM Services Deal With NCR

    RANCHO CUCAMONGA, Calif. – CO-OP Financial Services announced a partnership with NCR Corp. to offer a comprehensive suite of managed ATM services to credit unions.

    December 14
  • CUJ content
    Aberdeen Proving Ground FCU Awards Paper Shredders To Fight Identity Theft

    ABERDEEN, Md. – Aberdeen Proving Ground FCU announced the local winners of its “Scan Your Smile & Win” sweepstakes who all won heavy-duty cross-cut shredders to help protect them against identity theft.

    December 14
  • CUJ content
    HarborOne CU Gives Away Smart Car To Celebrate New Branches

    BROCKTON, Mass. – HarborOne CU employees drove a new specially wrapped Smart Car Passion around Mansfield and Attleboro for months to promote the credit unions newest branches in those towns–then gave away the 2009 car to a lucky member.

    December 14
  • Lending
    Wanigas CU Gets FHLB Affordable Housing Subsidy

    SAGINAW, Mich. – The Federal Home Loan Bank of Indianapolis has awarded 15 projects a total of $7.2 million in Affordable Housing Program funds, including a $750,000 grant to Wanigas CU of Saginaw, Mich.

    December 14
  • CUJ content
    Biking Bandit Robs CU Opposite Police Station

    LOS ANGELES – A man rode up to the Southland CU across the street from the new Los Angeles Police Department headquarters yesterday morning on a mountain bike and robbed the branch, before making his getaway on the bike.

    December 14
  • CUJ content
    CU Rocks Out Its Holiday Spirit In Video On CU Journal Website

    PANAMA CITY, Fla.The Sunshine State may not be getting any of the ice and snow that has battered about two-thirds of the nation, but that doesn't mean credit unions here aren't in the holiday spirit. Case in point: Innovations CU corralled its staff to put together a lip sync routine to Basshunter's version of "Jingle Bells." Complete with costumes and choreography the nearly three-minute routine can be viewed on CU Journal's website  look just below the online survey on the right side of the home page.

    December 14
  • Lending
    Five More CUs Approved For Treasury’s HAMP Refi Program

    WASHINGTON – The Treasury Department said it approved ten more servicers, include five credit unions, for its Home Affordable Modification Program.

    December 14
  • Performance reports
    NCUA Rules College 529 Plans Are Covered by NCUSIF

    ALEXANDRIA, Va. – NCUA said that college savings 529 accounts may be insured by the National CU Share Insurance Fund either as public units or on a pass-thru basis as a trust.

    December 14
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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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