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Market Intelligence:
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  • Technology
    Security Service FCU Upgrades FIS Core Processing System

    SAN ANTONIO – Security Service FCU has made a series of key enhancements to its core processing platform - Systematics from FIS.

    October 22
  • CUJ content
    Teachers CU Gives $8,000 To Local Healthcare Service

    GRANGER, Ind. – Teachers CU said it donated $8,000 to United Health Services, a network of local healthcare and quality-of-life programs for the group’s Hearing and Speech Center.

    October 22
  • Technology
    Purdue Employees FCU Adds Experian's Address Verification Solution

    WEST LAFAYETTE, Ind. ¨C Purdue Employees FCU said it has purchased products and services from Experian to provide address verification on its online banking portal to reduce returned mail and comply with USPS Move Update changes.

    October 22
  • CUJ content
    Justice FCU Launches Honors Program To Benefit U.S. Justice Workers

    WASHINGTON – Justice FCU, which serves employees of the U.S. Justice Department. rolled out a new program that provides discounts and special benefits for new agents, U.S. Attorneys, assistant U.S. Attorneys, and departmental attorneys.

    October 22
  • CUJ content
    CUNA Cultivates Congressional Leaders

    WASHINGTON – CUNA said it made $160,000 in campaign contributions, including contributions to several congressional leaders working on key legislation.

    October 22
  • Lending
    U.S. Mortgage’s CU Victims Ask Congress Help For Return Of Stolen $125 Million

    WASHINGTON – A group of credit unions whose mortgages were fraudulently sold by defunct U.S. Mortgage Corp/CU National Mortgage to Fannie Mae are lobbying Congress for return of their stolen funds, part of a $140 million fraud by the former owner of U.S. Mortgage.

    October 22
  • CUJ content
    Member Embarks On $100,000 Spending Spree After CU Mistakenly Deposits Funds in Her Account

    MOBILE, Ala. – A member of Navigator CU who spent more than $100,000 the credit union accidentally deposited into her account will be able to serve probation with no prison time as she repays the money, a federal judge decided yesterday.

    October 22
  • CUJ content
    Sallie Mae Breaks Into The Black For Third Quarter

    RESTON, Va. – Student loan giant Sallie Mae reported a $116 million profit yesterday for its third quarter, driven by improved credit markets and a $74 million gain on the repurchase of $1.4 billion of unsecured debt during the period.

    October 22
  • CUJ content
    CU-Convert Sues For Return Of Corporate Deposit

    PROVIDENCE, R.I. – A federal court has given Members United Corporate FCU until the end of the month to respond to a request by Coastway Community Bank, known till July as Coastway CU, to return almost $600,000 of funds the credit union-convert has on deposit with its one-time corporate credit union.

    October 22
  • CUJ content
    University Of Wisconsin Rolls Out UW CU’s ‘Wiscard’

    MADISON, Wis. – More than 75,000 University of Wisconsin-Madison students, faculty and staff now can use their Wiscard - their campus identification card - as a debit card for a UW CU checking account.

    October 22
  • CUJ content
    Ex-Town Official To Be Sentenced In CU Repo Fraud

    SAGINAW, Mich. – A former town official and used car lot operator is scheduled to be sentenced later this month for using his used car dealership to steal $85,000 from the sale of auto repossessions he was selling for Communications Family CU.

    October 22
  • CUJ content
    Manager Convicted Of Stealing Dormant Funds From Tiny CU

    HOUSTON – The former manager of Saint John Vianney FCU pleaded guilty yesterday to embezzling $60,000 from dormant accounts.

    October 22
  • CUJ content
    North Carolina SECU Grants $2 Million To Hospital Guest House

    RALEIGH, N.C. – State Employees’ CU said its charitable foundation has contributed $2 million to Winston-Salem’s hospital guest house project.

    October 22
  • CUJ content
    Technology CU Inks ATM Servicing Pact With FTSI

    SAN JOSE, Calif. – Technology CU said it has signed a multi-year deal with FTSI to provide it with first and second line ATM servicing.

    October 22
  • CUJ content
    Healthcare Cooperative CU Promotes For CEO

    JACKSONVILLE, Fla. – Healthcare Cooperative CU has named Rose Gunter, its chief operating officer, as new president and CEO of the $110 million credit union.

    October 22
  • Corporate credit unions
    Chevron Valley CU Adds Corporate Network eCom Mobile Banking Service

    BAKERSFIELD, Calif. – Chevron Valley CU said yesterday it signed with U.S. Central FCU’s Corporate Network eCom to provide it with mobile banking and payments services through eCom’s recently released MobileMember solution.

    October 22
  • CUJ content
    Gesa CU Signs With CUSO Financial For Investment Services

    RICHMOND, Wash. – Gesa CU said yesterday it has contracted with CUSO Financial Services LP to provide it with managed broker/dealer services and back-office support for its investment program.

    October 22
  • Corporate credit unions
    Corporate One FCU Says U.S. Central, Mortgage Losses Won’t Deplete Member Capital

    COLUMBUS, Ohio – Corporate One FCU said yesterday despite losses accrued on its U.S. Central FCU capital and mortgage-backed investments it will not have to deplete any of its paid-in capital or member capital shares.

    October 22
  • Performance reports
    DFCU Financial Issues Record $19 Million Member Payout

    DEARBORN, Mich. – For the fourh year in a row DFCU Financial has paid a record dividend to members–this time a $19 million payout.

    October 22
  • Performance reports
    Kern Schools FCU Says It Is Under NCUA Supervisory Agreement

    BAKERSFIELD, Calif. – Troubled Kern Schools FCU revealed yesterday it has been operating under a supervisory agreement with NCUA requiring it to rebuild its capital.

    October 21
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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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