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  • CUJ content
    Desert Schools FCU Donates $280,000 To United Way

    PHOENIX – Employees at Desert Schools FCU raised $280,489 for 2010 in support of local United Way charities, nearly tying last year's high of $283,518.

    October 21
  • Branch network
    Workers’ CU’s New Green Branch Features Geothermal Heating

    FITCHBURG, Mass. – Workers’ CU is giving its branch in nearby Townsend a green makeover that will include a geothermal heating and cooling system.

    October 21
  • CUJ content
    Vermont State Employees CU Donates $40,000 To Food Bank

    BARRE, Vt. – Vermont State Employees CU contributed $40,000 to the Vermont Foodbank, reaffirming its 16-year commitment to the local charity.

    October 21
  • CUJ content
    Washington Regulator Warns It’s Good To Save Paper Records, In Case Of Lawsuits

    OLYMPIA, Wash. – The Department of Financial Institutions warned credit unions last week they may want to save original copies of loan documents and transactions, just in case they need to produce the paper copy in the event of litigation.

    October 21
  • Corporate credit unions
    Corporate CU Seeks Return Of ‘Excess’ Capital From U.S. Central FCU

    MILWAUKEE – In a move that could help strengthen a handful of corporate credit unions, Corporate Central CU filed suit Friday against U.S. Central FCU claiming the troubled central bank for credit unions owes it more than $6 million and may owe corporates as much as $100 million in so-called excess investments it routinely returned to members until its financial problems accelerated last December.

    October 21
  • CUJ content
    New Limits Eyed On Overdraft Protection

    WASHINGTON – Credit unions, under fire from a number of directions, were dodging a new bill yesterday that would require them to get members express approval–opt-in–for overdraft protection, and would set new limits on overdraft charges.

    October 21
  • CUJ content
    Lawmakers’ Debate: When Is An Exemption Not An Exemption

    WASHINGTON – As legislation advances to create a Consumer Financial Protection Agency some lawmakers are questioning whether the exemption from the new agency proposed for most credit unions amounts to an exemption, after all.

    October 21
  • CUJ content
    First Citizens’ FCU’s ‘Champion’ Program Benefits Public Servants

    FAIRHAVEN, Mass. – First Citizens’ FCU is building on last year’s Hero Program for soldiers with a new program that will offer special rates and services to public servants.

    October 21
  • CUJ content
    Judge To Serial Robber: ‘Haven’t We Met Before?’

    NEW LONDON, Conn. – A state judge who handed out a 30-month prison sentence for the 2006 robbery at Charter Oak FCU faced the woman who carried out that heist in court again yesterday–this time for allegedly robbing six banks in six days last month through Massachusetts, Rhode Island and Connecticut while on parole for the earlier crime.

    October 21
  • CUJ content
    College Students Tweet For Credit Union One

    FERNDALE, Mich. – Credit Union ONE (@CUO_OU) hosted a Scavenger Hunt for Oakland University students and tweeted clues from its Twitter page that led students to three designated locations around campus.

    October 20
  • CUJ content
    Broadshot Regulatory Approach Hits Credit Unions

    WASHINGTON – Last week’s debate over a Consumer Financial Protection Agency, coming on the heels of a variety of efforts to rein in overdraft protection programs, abusive credit card practices and the growth in interchange fees shows just how credit unions have been inadvertently drawn into much broader efforts to re-regulate financials services.

    October 18
  • CUJ content
    Retailer Breach Hits Cards At Three Colorado CUs

    COLORADO SPRINGS, Colo. – Authorities have traced a credit card breach that has caused at least three large area credit unions to reissue thousands of cards to Cheers Liquor Mart, where hackers apparently gained access to the company’s computer system last month.

    October 18
  • CUJ content
    Members Cooperative CU Creates Youth Foundation

    CLOQUET, Minn. – Members Cooperative CU has formed a non-profit Foundation that will directly benefit young people in the communities it serves.

    October 18
  • CUJ content
    American Heritage FCU Raises $25,000 For Children’s Funds

    PHILADELPHIA – American Heritage FCU said its annual golf tournament raised more than $25,000 for its Kids-N-Hope Foundation, which supports the Music Therapy Program at the Children’s Seashore House of the Children’s Hospital of Philadelphia.

    October 18
  • CUJ content
    North Carolina SECU Finances Renovation Of Home For Pregnant Teens

    RALEIGH, N.C. – State Employees’ CU is providing a $1.1 million 0% construction loan to finance the renovation of residential home for pregnant teens and mothers.

    October 18
  • CUJ content
    Sunstate FCU Rescues Local YMCA

    GAINSEVILLE, Fla. – The North Central Florida YMCA said last week it has received an emergency $200,000 line of credit from Sunstate FCU that will allow it to pay employees who did not receive their money earlier this month.

    October 18
  • Branch network
    Navy FCU Opens 180th Branch

    ALEXANDRIA, Va. – Navy FCU plans to open a new branch here today to serve personnel at nearby Fort Belvoir.

    October 18
  • Technology
    Randolph-Brooks FCU Launches Cellphone Deposit Service

    LIVE OAK, Texas – Randolph-Brooks FCU said it is introducing deposit services through any wireless smart phone and service provider.

    October 18
  • CUJ content
    Prospera CU’s Ken Eiden To Retire, Introduced GoodMoney Payday Loan Program

    APPLETON, Wis. – Ken Eiden, the president of Prospera CU who introduced the popular GoodMoney payday loan program imitated by credit unions around the country, is retiring from the $150 million credit union.

    October 18
  • Performance reports
    California Bank Is 99th Failure Of 2009

    BAKERSFIELD, Calif. – Regulators seized San Joaquin Bank and sold the remnants of the latest bank failure to Citizens Business Bank of nearby Ontario, Calif.

    October 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.

ABM1025_Cover.jpg

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