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  • Branch network
    Fort Campbell FCU Adds Ninth Branch

    CLARKSVILLE, Tenn. – Fast-growing Fort Campbell FCU has opened a new branch, its ninth, at Tiny Town and Heritage Pointe Drive in Clarksville.

    November 19
  • CUJ content
    The Golden 1 CU Launches Food Drive

    SACRAMENTO, Calif. – The Golden 1 CU is accepting donations of non-perishable food items and other necessities for underprivileged families at each of its 83 branches across the state.

    November 19
  • CUJ content
    American 1 FCU Makes Green Grant

    JACKSON, Mich. – American 1 FCU agreed to make up a $1,947 shortfall in the city’s project to plant trees in two local parks.

    November 19
  • CUJ content
    BECU, AutoNation To Give Away Ford Fusion Hybrid

    SEATTLE – BECU is teaming up with AutoNation to give the winner of a sweepstakes at the Seattle Auto Show the keys to a brand new, 2010 Ford Fusion Hybrid this Saturday.

    November 19
  • CUJ content
    State Department FCU Exec Convicted Of Stealing $170,000 Through Phony Expense Reports

    ALEXANDRIA, Va. – NCUA said yesterday it barred a former vice president of member services at State Department FCU for his conviction on charges he falsified $170,000 in expense reimbursement reports, including funds he had the credit union pay for his graduate school tuition.

    November 19
  • Lending
    Mortgage Rates Fall Back Near Record Lows

    McLEAN, Va. – Home loan rates fell again this week, near record lows reached in May, according to Freddie Mac.

    November 19
  • CUJ content
    Congress Carves CUs Out Of ‘Too Big To Fail’ Bill

    WASHINGTON – Lawmakers agreed yesterday to broaden an exemption from the systemic risk bill enough to include all credit unions.

    November 19
  • Corporate credit unions
    Southeast Corporate FCU Reports $111 Million Loss For 2008

    TALLAHASSEE, Fla. – Southeast Corporate FCU reported its audited financials for 2008 this week, based on last month’s report from U.S. Central FCU, showing a $111.7 million loss for last year, most of it due to the charge-off of its U.S. Central capital.

    November 19
  • Corporate credit unions
    NCUA Tries To Tame An ‘800-Pound Gorilla’

    ALEXANDRIA, Va. – NCUA, which is managing the two biggest corporate failures ever, is continuing to try to work down billions of dollars of toxic mortgage bonds held by U.S. Central FCU and WesCorp FCU, lest it be forced to realize the diminished value of the bonds in a fire sale.

    November 19
  • CUJ content
    Proposed Corporate Rule Ignores '800 Pound Gorilla'

    ALEXANDRIA, Va. — Proposed reforms to NCUA's corporate credit union regulations will blur the distinction between so-called wholesale corporates and retail corporates, likely meaning the end of U.S. Central FCU, the nation's only wholesale corporate that has been run under NCUA conservatorship since March.

    November 19
  • CUJ content
    NCUA Spending Surges to Stem Expanding CU Crisis

    ALEXANDRIA, Va. — The NCUA Board this morning approved a $23.1 million rise in spending for next year, it's largest increase ever, to help deal with the growing number of problem credit unions.

    November 19
  • CUJ content
    Bride Stole More Than Her Fiance’s Heart

    REDWOOD CITY, Calif. – A member of San Mateo CU who spent her would-be wedding night in jail after stealing $35,000 from her credit union to pay for the nuptials, on Tuesday was sentenced to six months in jail after repaying the money she took to pay for food, music and the event’s location.

    November 18
  • Technology
    EPL Adds Three More CU Clients

    BIRMINGHAM, Ala. – EPL said three more credit unions have implemented service contracts with it: South Carolina National Guard FCU, Bay Media FCU and Palace City FCU.

    November 18
  • Technology
    Fiserv Offers New Service For Overdraft Protection

    BROOKFIELD, Wis. – Fiserv announced a new software solution to support its “Relationship Advance” service it says will allow credit unions to offer their members an alternative to courtesy overdraft programs and high-cost loan products.

    November 18
  • Branch network
    Addison Avenue FCU Completes Acquisition Of USE Credit Union Branch

    PALO ALTO, Calif.–Addison Avenue Federal Credit Union acquired USE Credit Union’s San Jose, Calif., branch on Nov. 1, and said it now offers its members greater convenience with branches throughout the Silicon Valley.

    November 18
  • CUJ content
    OMEGA FCU Names CU Exec As New CEO

    PITTSBURGH – OMEGA FCU has hired Troy Garvin, a former credit union executive in Michigan, as president and CEO of the $75 million institution.

    November 18
  • Technology
    Bayport CU Sets SAIL With Teres Solutions’ Indirect Lending System

    NEWPORT NEWS, Va. – Bayport CU said it has standardized on Teres Solutions’ SAIL software platform to automate and streamline its indirect and direct lending programs.

    November 18
  • Lending
    UW CU Partners With Local Real Estate Website

    MADISON, Wis. – UW CU has joined with DaneCountyMarket.com, a tool for researching real estate in Dane County, to provide loan products and services for members and non-members.

    November 18
  • CUJ content
    Fairwinds CU Teams With InCharge Debt Solutions For Counseling Services

    ORLANDO, Fla. – Fairwinds CU has signed with InCharge Debt Solutions to provide counseling for members with high credit card balances.

    November 18
  • Branch network
    SELCO Community CU Opens Wal-Mart Branch

    EUGENE, Ore. – SELCO Community CU said it is expanding its service in central Oregon with a new branch inside the Redmond Wal-Mart.

    November 18
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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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