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  • Branch network
    Members 1st FCU Adds Two More Branches

    MECHANICSBURG, Pa. – Fast-growing Members 1st FCU said it plans to build two more branches, making a total of 40 outlets for the $1.7 billion credit union.

    November 12
  • CUJ content
    Bethpage FCU Organizes Thanksgiving Food Drive

    BETHPAGE, N.Y. – Bethpage FCU will host a turkey and trimmings collection to benefit Island Harvest – Long Island’s leading hunger relief organization – tomorrow at the front parking lot of its headquarters.

    November 12
  • CUJ content
    Gateway Metro FCU Absorbs Two Tiny CUs

    ST. LOUIS, Mo. – Gateway Metro FCU has agreed to acquire two small local credit unions, HNJ Catholic CU and St. Ferdinand CU.

    November 12
  • CUJ content
    Spire FCU’s CEO Resigns Amid Big Losses

    ROSEVILLE, Minn. – Spire FCU, which reported big losses this year, said its president and CEO John Gisler has resigned and been replaced by chief financial officer Dan Stolz, who will be acting CEO.

    November 12
  • Lending
    Mortgage Rates Decline Further

    McLEAN, Va. – Home loan rates continued to fall again this week, boosting lending activity, according to Freddie Mac.

    November 12
  • CUJ content
    Banks To Prepay $45 Billion FDIC Special Assessment

    WASHINGTON – The FDIC yesterday passed a rule that will require banks to prepay three years of special assessments, a total of $45 billion, to pay for the growing number of bank failures.

    November 12
  • Corporate credit unions
    NCUA Eyes Corporate CU Reform

    ALEXANDRIA, Va. – The NCUA Board is expected to issue for public comment next week new rules covering capital requirements, risk, investments and governance of corporate credit unions.

    November 12
  • CUJ content
    Fed’s New Overdraft Rule Scored By CU Lobby

    WASHINGTON – The credit union lobby, which is fighting legislative proposals to require opt-in on overdraft protection programs, criticized rules adopted by the Federal Reserve yesterday that will require opt-in for debit card and ATM transactions.

    November 12
  • CUJ content
    Fed Opts for Opt-in on Card Overdraft Protection

    WASHINGTON — The Federal Reserve today adopted new rules that will require credit unions and banks to obtain permission from customers for overdraft protection programs on debit cards and ATM transactions.

    November 12
  • CUJ content
    Summit CU Raises $18,000 To Fight Diabetes

    MADISON, Wis. – Summit CU said it raised more than $18,000 to support the Juvenile Diabetes Research Foundation as part of its eighth annual fundraising drive.

    November 11
  • Technology
    ISU CU Adds TRC Interactive’s Online Learning Product

    NORMAL, Ill. – ISU CU has selected TRC Interactive to deliver online instruction through CreditUnionTrainingOnline for its credit union-wide training needs.

    November 11
  • CUJ content
    Tonawanda Valley FCU Awards $1,000 ‘Pay It Forward’ Grant To Hospice

    BATAVIA, N.Y. – Tonawanda Valley FCU awarded a $1,000 grant under its “Pay it Forward” promotion to The Crossroads House, a comfort home for the dying.

    November 11
  • Branch network
    BECU Opens Branch In Ex-Fast-Food Taco Restaurant

    SEATTLE – BECU said it is opening a new branch in the community of Lower Queen Anne in a site formerly hosting a Taco Del Mar fast-food shop.

    November 11
  • CUJ content
    San Francisco Fire CU Signs With CUSO Financial For Investment Services

    SAN FRANCISCO – San Francisco Fire CU will relaunch an investment program through CUSO Financial Services, LP, the credit union announced yesterday.

    November 11
  • CUJ content
    Wright-Patt CU Members To Pick Winner Of $10,000 Savings Prize

    FAIRBORN, Ohio – Wright-Patt CU has a different twist on its second Savings Race – members will vote on the $10,000 grand prize winner this year.

    November 11
  • Lending
    New York’s SEFCU Partners With State’s Online Student Loan Program

    ALBANY, N.Y. – SEFCU, formerly State Employees FCU, has joined the New York State Higher Education Services Corporation's Student Loan Marketplace.

    November 11
  • Lending
    Illinois Treasurer Involves CUs In Military Loan Program

    SPRINGFIELD, Ill. – Credit unions and banks are being invited to participate in an expanded program organized by the state Treasurer’s office which provides soldiers with low-cost loans after their service.

    November 11
  • CUJ content
    U.S. Mortgage CU Funds Lost On Fannie Mae MBS

    PINE BROOK, N.J. – Evidence is mounting that U.S. Mortgage/CU National Mortgage chief Michael McGrath frittered away an estimated $140 million of his credit union clients’ money trading in Fannie Mae securities – mostly mortgage-backed securities – as a last-ditch effort to save his foundering company.

    November 11
  • CUJ content
    NCUA Shifts To CAMeL

    ALEXANDRIA, Va. – NCUA said yesterday it is instructing its examiners to put less emphasis on the "E" or earnings component in the so-called CAMEL code, as long as a credit union has a long-term strategic plan to weather the current economic environment.

    November 11
  • Performance reports
    S1 Corp. Reports Higher Earnings

    ATLANTA – S1 Corp., a provider of customer interaction financial and payment solutions, said higher revenues led it to an 11% increase in third quarter earnings, to $6.9 million.

    November 10
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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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