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  • Lending
    Invest In America Scores Thor, In Talks With Several Fortune 500 Companies

    LIVONIA, Mich.-Invest in America is helping credit union members see more of the USA by adding Thor Industries - the world's largest manufacturer of recreational vehicles-to the CU discount program.

    August 28
  • CUJ content
    CUs Unlikely To Recover Funds Missing From U.S. Mortgage

    NEWARK, N.J.-Attorneys representing unsecured creditors of U.S. Mortgage Corp. are seeking information the government may have on some $125 million of CU funds stolen by the owner of the company, but have little hope any of the money is available.

    August 28
  • CUJ content
    Mica Announces Plans To Step Down As CUNA CEO

    WASHINGTON-CUNA President Dan Mica announced last week he will retire as head of the industry's largest trade group in January 2011.

    August 28
  • CUJ content
    UnitedOne CU’s Dennis Lombard Ends 34 Years At The Helm

    MANITOWOC, Wis. – UnitedOne CU said its long-time president and CEO Dennis Lombard is retiring, after 34 years at the head of the $180 million credit union.

    August 28
  • Corporate credit unions
    WesCorp FCU Reports A Deeper Capital Hole

    SAN DIMAS, Calif. – WesCorp FCU said yesterday that a $538.3 million loss recorded for the month of June deepened its capital losses, making it increasingly unlikely that its 1,020 credit union members will be able to recover the $2 billion in WesCorp capital they have or are about to charge-off.

    August 27
  • Corporate credit unions
    U.S. Central Move Takes A Bigger Toll On Members United Corporate FCU

    WARRENVILLE, Ill. – Members United Corporate FCU said yesterday last month’s additional write-down of capital at U.S. Central FCU created a $78 million loss for the month of July, bringing year-to-date losses to $150.6 million.

    August 27
  • CUJ content
    ‘Bad Teeth Bandit’ Suspected In Three Robberies At Same Branch

    ALBUQUERQUE, N.M. – The FBI is hunting for a robber with misshapen teeth who may have held up the same branch of Kirtland FCU three different times this year.

    August 27
  • CUJ content
    Teller In $50,000 Theft Sentenced To Supervised Release

    TEXARKANA, Texas – A former teller at TEXAR FCU apologized Wednesday for stealing almost $53,000 from the credit union Wednesday before she received a lenient sentence of one day in jail and five years supervised release.

    August 27
  • CUJ content
    Alliant CU Starts Charitable Foundation With $4 Million Grant

    CHICAGO – Alliant CU became the latest credit union to create its own non-profit foundation yesterday with a news conference held at Alliant headquarters near Chicago’s O’Hare Airport which featured a $4 million donation from the credit union.

    August 27
  • Branch network
    Communications Family CU Claims Historic Site

    SAGINAW, Mich. – Communications Family CU has acquired a local landmark, the Civil War-era House of Oak, which it plans to replace with a new branch.

    August 27
  • Branch network
    CommunityAmerica CU Eyes Wal-Mart Branch

    KANSAS CITY – CommunityAmerica CU is opening a branch in the local Wal-Mart Super Center, one of three new branches planned.

    August 27
  • CUJ content
    Over-The-Hill Robber Headed Up The River

    SALT LAKE CITY – An elderly robber who left a fake bomb at Beehive CU during an armed robbery last December will likely spend the rest of his days behind bars.

    August 27
  • Lending
    Mortgage Rates Inch Higher

    McLEAN, Va. – Long-term mortgage rates moved slightly higher this week, but held close to record lows reached this spring.

    August 27
  • CUJ content
    NCUA Prepares Special Insurance Assessment

    ALEXANDRIA, Va. – NCUA is putting together a proposal that will require credit unions to pay another $1 billion into the National CU Share Insurance Fund in the face of rising credit union losses and expanded coverage on member deposits.

    August 27
  • Performance reports
    Troubled Banks Multiply

    WASHINGTON – The number of troubled banks surged to 416, the highest since 1993 in the second quarter, while assets held by those banks also soared 36% to $300 billion, the FDIC reported yesterday.

    August 27
  • CUJ content
    CUNA’s Mica Announces Exit Date

    WASHINGTON – CUNA President Dan Mica announced today he will retire as head of the industry’s largest trade group in January 2011.

    August 27
  • CUJ content
    CUNA’s Mica Announces Exit Date

    WASHINGTON – CUNA President Dan Mica announced today he will retire as head of the industry’s largest trade group in January 2011.

    August 27
  • Performance reports
    FDIC Eases Way For Private Equity Funds To Buy Troubled Banks

    WASHINGTON – The FDIC, saddled with soaring losses on failed banks, approved rules yesterday to make it easier for private-equity firms to buy failed banks.

    August 26
  • CUJ content
    Sen. Kennedy Long Fought CU-Backed Bankruptcy Bill

    WASHINGTON – Credit union representatives were noting the passing Tuesday night of Ted Kennedy, the iconic Boston liberal who spent almost 50 years in the Senate, noting his long-time support of consumer issues.

    August 26
  • CUJ content
    CU Robbery Charges Dropped After Nine-Year Fight

    RACINE, Wis. – After nine years, prosecutors agreed this week to finally to drop the robbery charges in the December 2000 heist at Belle City CU against the now-53-year-old defendant.

    August 26
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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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