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Market Intelligence:
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  • Consumer banking
    Nutmeg State Financial doubles down on the DMV

    Through a unique partnership, Nutmeg State Financial Credit Union offers DMV services at two of its locations. So far the results have showcased the power of technology.

    By Melissa Angell
    Reporter
    December 27
    John Holt, Nutmeg State Financial CU
  • Marijuana banking
    Patchwork of pot laws compounds credit union headaches

    As more states permit medical or recreational use, and legal uncertainty persists at the federal level, CUs' decision whether to do business with marijuana firms is trickier than ever.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    December 27
    CUJ 121918 legal marijuana states.jpeg
  • Branch network
    Community First Credit Union buys former bank branch

    The Jacksonville, Fla.-based credit union purchased the facility from Atlantic Coast Bank for $2.2 million.

    By Michael Bartlett
    December 26
    A Community First Credit Union branch in Jacksonville Beach that could serve as a model for how the CU's newly acquired branch will be remodeled following a purchase from Atlantic Coast Bank.
  • Growth strategies
    Breaking records: Credit unions in the community

    Credit unions are having a positive impact by doing everything from shredding thousands of pounds of paper to building their 492nd home for a family.

    By Melissa Angell
    Reporter
    December 26
    Providence FCU - CUJ 122618
  • Disputes and judgments
    Meritus Credit Union to pay $110K in EEOC suit

    The Lafayette, La.-based credit union was accused of firing an employee who complained about a training video with racially offensive content.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    December 26
    gavel-fotolia.jpg
  • A buyer's market looms in auto lending – and that's bad for credit unions

    Entering 2019, lenders must think carefully about how they expand their auto loan portfolio. Failure to do so could result in bad loans and bad reviews online.

    December 26
    Brien Joyce
    Brien Joyce
    EFG Companies
  • Growth strategies
    Greater Nevada CU expands commercial lending through CUSO

    Greater Commercial Lending has targeted making loans in some unique sectors, including mining and renewable energy, after launching in January.

    By Michael Bartlett
    December 26
    Jeremy Gilpin, executive vice president of Greater Commercial Lending
  • 2019 Outlook
    Credit unions should heed these warnings about mortgages next year

    The industry could see a boost in mortgage lending from regulatory changes, but other factors may slow growth.

    By Palash Ghosh
    December 26
    CUJ-122018-MORTGAGES (1).jpeg
  • Growth strategies
    Hanscom Federal Credit Union to issue $1M loyalty dividend

    The Massachusetts-based institution has paid out over $10 million to its members since 1996.

    By Melissa Angell
    Reporter
    December 24
    Paul Marotta
  • Succession planning
    Longtime CEO of Nassau Educators Federal Credit Union to retire

    Edward Paternostro will step down Jan. 2, and the institution's current COO, John Deieso, will take the helm.

    By Palash Ghosh
    December 24
    Edward Paternostro (left) and John Deieso (right)
  • Become a crime fighter with artificial intelligence

    Utilizing AI and automation will help stop hackers and reduce repetitive jobs, allowing institutions to save money and reinvest more into products for members.

    December 24
    John Orange
    John Orange
    EPL, Inc.
  • Growth strategies
    Happy holidays: Credit unions in the community

    With the holiday season in full swing, a number of credit unions are making their communities a bit brighter.

    By Melissa Angell
    Reporter
    December 24
    Southern California 122018.jpeg
  • Growth strategies
    Michigan State University FCU's pop-up shop pops up again

    A 2017 holiday shopping growth strategy worked so well for the $4.1 billion-asset institution that management decided to hit the mall again this year.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    December 24
    A look inside Michigan State University FCU's holiday pop-up shop at the Rivertown Mall in Grand Rapids, Mich. The credit union debuted the pop-up shop model in 2017 at a mall near its East Lansing, Mich. headquarters.
  • Technology
    The gifts credit union professionals really want this year

    From making cybersecurity a priority to enhanced biometrics, here's what's on the industry's wish list this holiday season.

    By Credit Union Journal staff
    December 24
    p195u5dhs3pmh1ufo1oo27ml818.jpg
  • Succession planning
    Pasadena Federal Credit Union taps industry veteran as CEO

    Christopher O’Malley is set to lead the California-based institution as Ron Berry retires.

    By Palash Ghosh
    December 21
    Christopher O’Malley is CEO of Pasadena FCU
  • Litigation
    CUNA, state leagues weigh in on ADA lawsuit

    CUNA and the credit union leagues of Illinois and Wisconsin filed a brief in support of an institution that is embroiled in litigation over whether its website meets the requirements of the Americans with Disabilities Act.

    By Palash Ghosh
    December 21
    Jim Nussle, CUNA
  • Corporate philanthropy
    With government shutdown looming, credit unions ready to help workers

    Credit unions are often quick to help their members and communities during times of crisis. This includes providing special loan rates and other relief when federal employees go without pay.

    By Credit Union Journal staff
    December 21
    The U.S. Capitol building
  • PFM
    Lake Michigan Credit Union to offer budgeting tool to members

    The personal finance management tool will allow members to combine accounts from other institutions and track spending.

    By Melissa Angell
    Reporter
    December 21
    Don Bratt, Lake Michigan CUJ 122018
  • Growth strategies
    NWCUA sets $8 million goal to finance national awareness campaign

    Earlier this year CUNA announced a new push to better educate consumers about credit unions. The Northwest Credit Union Association is asking its members to contribute to the effort.

    By Palash Ghosh
    December 21
    Troy Stang, NWCUA
  • Credit unions need to take a good look in the mirror

    As the U.S. undergoes a dramatic demographic shift, credit unions must be proactive to ensure their employees represent the communities they serve.

    December 21
    Monica Davy
    Monica Davy
    National Credit Union Administration
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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

Download the American Banker app

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