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  • Performance reports
    Troubles Mount At Texans CU With Bankruptcy Filing For Insurance CUSO

    RICHARDSON, Texas – Texans CU filed a Chapter 11 bankruptcy petition yesterday for its Texans CUSO Insurance Group unit, because of a $6 million judgement against it by the company’s former owner.

    September 8
  • CUJ content
    HAR-CO FCU Rolls Out Tuition Rewards Program

    BEL AIR, Md. – HAR-CO FCU is one of the first credit unions to offer a tuition rewards program which will offer discounts on college tuition in exchange for increased savings.

    September 8
  • CUJ content
    Suit Claims Shortfall In Sale Of CEO’s 457(f) Retirement Plan

    NASHVILLE, Tenn. – A suit filed Friday in federal court here charges CUNA Mutual’s CUNA Brokerage Services unit misrepresented the nature of a multi-million dollar retirement plan a credit union purchased for its long-time CEO.

    September 7
  • CUJ content
    FBI Hunts ‘Slingblade’ CU Bandit

    PHOENIX – Authorities are searching for a robber who held up an Arizona FCU and Wells Fargo branch while concealing a handgun in a fake sling on his arm.

    September 7
  • CUJ content
    Ten Charged With Draining Cash From BECU ATM

    ARLINGTON, Wash. – Three members of BECU were charged last week with a scheme that successfully stole more than $60,000 from one of the credit union’s ATM.

    September 7
  • Performance reports
    AltaOne FCU To Close Branch

    RIDGECREST, Calif. – AltaOne FCU, which has been struggling with large losses, announced last week it is closing its branch in Mammoth Lakes effective Oct. 2 because of the poor economic climate.

    September 7
  • Branch network
    Navy Fed Gets $1 Million Grant To Help Expand Florida Call Center

    PENSACOLA, Fla. – Officials with Escambia County have approved a $1 million grant for Navy FCU to help the credit union giant expand its call center here.

    September 7
  • Lending
    GFA FCU Gets FHLB Grant For First-Time Homebuyers

    GARDNER, Mass. – The Federal Home Loan Bank of Boston has awarded a $10,000 grant to GFA FCU to make grants of up to $10,000 to first-time homebuyers under the FHLB’s "Equity Builder" program.

    September 7
  • Technology
    Westconsin CU Launches Facebook’s My Money

    MENOMONIE, Wis. – Westconsin CU is offering its members online banking through Facebook’s My Money.

    September 7
  • CUJ content
    Another Colorado Merger Helps Remake Local CU Landscape

    BOULDER, Colo. – Premier Members CU and Colorado United CU and have agreed to combine, the latest in-state merger creating a larger credit union.

    September 7
  • CUJ content
    Community Charter Flies With Members Of Wings Financial FCU

    APPLE VALLEY, Minn. – Wings Financial FCU said its members overwhelmingly approved a conversion to a state charter that will serve almost four million people in the 13-county metro area surrounding the Twin Cities.

    September 7
  • Branch network
    Fiberglass FCU Gives Office To Labor Union

    NEWARK, Ohio – Fiberglass FCU has donated its former office on John Street to the IBEW, a labor union of Owens Corning.

    September 7
  • Lending
    Mortgage Rates Fall To Three-Month Lows

    McLEAN, Va. – Long-term mortgage rates declined last week and moved closer to the 5% mark.

    September 7
  • CUJ content
    CUNA Mutual Buys Remainder Of Producers Ag Crop Insurance

    MADISON, Wis. – CUNA Mutual Group, which acquired a minority share of Producers Ag Insurance Group in 2007, said it has agreed to buy the rest of the Amarillo, Texas, crop insurer.

    September 7
  • CUJ content
    Ex-Manager Commits Suicide As Police Close In On Fraud

    MACON, Ga. – The former president of tiny Brosnan Yard CU shot herself to death last month as police were about to arrest her for an embezzlement scheme that may have drained more than $350,000 from the credit union.

    September 7
  • Corporate credit unions
    Task Force Calls For Limits On Corporate Services

    WASHINGTON-The services of corporate credit unions should be limited to a defined set, including payments and settlements, liquidity and short-term investments, according to final recommendations released last week by a task force created in the wake of several failures among corporates earlier this year.

    September 4
  • Corporate credit unions
    What's Being Proposed

    WASHINGTON - Among the joint CUNA/NAFCU task force recommendations on corporates are:

    September 4
  • CUJ content
    PA Auditor Clarifies Stance On State CUs' Tax-Exempt Status

    HARRISBURG, Penn.-Concerns over the possibility of CU taxation have subsided in Pennsylvania, following a proposal to help whip the state's budget into shape by reducing or eliminating tax exemptions for non-profit entities.

    September 4
  • CUJ content
    CU Brand Study Identifies Traits Of Strong Performers

    BIRMINGHAM, Ala. - Credit unions that once had or still maintain strong connections to employer groups and retained a core of loyal members have best weathered the economic storm with their images intact according to Bancography's annual brand report.

    September 4
  • CUJ content
    BizKid$ Wins Emmy, Wegner

    LOS ANGELES - BizKid$, the innovative credit union TV show that teaches kids about financial education, won a Daytime Emmy from the National Academy of Television Arts & Sciences right after capturing the National CU Foundation's Herb Wegner Award for Outstanding Program.

    September 4
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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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