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Market Intelligence:
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  • Disputes and judgments
    Credit unions won't soon forget 2018 – because the banks won't let them

    Despite continued growth and regulatory victories, this year saw challenges on a number of fronts that could have lingering – and even negative – consequences for the industry in 2019 and beyond.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    December 17
    year in review 2018 - CUJ 121418.JPG
  • Succession planning
    Corporate One's CUSO names new CEO

    David Fearing will take over at Accolade Asset/Liability Advisory Services as Joe Ghammashi retires.

    By Palash Ghosh
    December 14
    David Fearing is CEO of Accolade Asset/Liability Advisory Services
  • Consolidations
    Small Catholic credit union in Virginia merges into ABNB FCU

    Hampton Roads Catholic Federal Credit Union had $5.3 million in assets and about 1,000 members before it merged with ABNB earlier this month.

    By Palash Ghosh
    December 14
    Charles Mallon Jr. is president/CEO of ABNB
  • Growth strategies
    Fort Bragg Federal Credit Union issues first ever loyalty dividend

    The North Carolina-based institution distributed more than $624,000 with some members receiving as much as $500.

    By Michael Bartlett
    December 14
    Todd Kenthack is president and CEO of Fort Bragg Federal Credit Union
  • Field of membership
    Credit union groups file amicus brief supporting FOM appeal

    One week after NCUA filed its own appeal brief, three major organizations banded together in support of the expanded field-of-membership rule

    By Michael Bartlett
    December 14
    p19oo7vhed1e3q1r141i551n2aobdb.jpg
  • Deposit insurance
    NCUA surprises credit unions with potential rebate

    The National Credit Union Administration board voted to decrease the normal operating level for the share insurance fund in addition to prioritizing alternative capital as part of its regulatory reform.

    John Reosti Author Image
    By John Reosti
    Reporter
    December 13
    Mark McWatters Rick Metsger NCUA Board
  • Risk-based capital rule
    Senate could consider bill to delay controversial capital rule

    The legislation follows passage of a similar bill in the House and would push back implementation of NCUA’s risk-based capital rule to 2021.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    December 13
    p19ifqe55asmjfvu4lrfvlvjc8.jpg
  • Compliance
    NCUA partners with 6 states to test alternating exam structure

    Three different methodologies will be tested in the pilot program, which is expected to last about three years.

    By Melissa Angell
    Reporter
    December 13
    CUJ 12-13-18-NCUA alternating exam Pilot.jpeg
  • Growth strategies
    CEFCU breaks its own record with special dividend

    Citizens Equity First Credit Union in Peoria, Ill., returned $50 million to its members last month.

    By Palash Ghosh
    December 13
    CEFCU 2018 dividend - CUJ 121318.jpeg
  • Core conversions
    Cherokee Strip Credit Union converts to CU*BASE

    The Ponca City-based institution becomes the first credit union in Oklahoma to join CU*Answers.

    By Michael Bartlett
    December 13
    Cherokee Strip core conversion - CUJ 121218
  • CECL
    Piling on: Democratic lawmakers join chorus of CECL critics

    Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities.

    John Reosti Author Image
    By John Reosti
    Reporter
    December 13
    Rep. Brad Sherman, D-Calif.
  • Growth strategies
    Growth and good works: Credit unions in the community

    From expanding access to affordable financial services to donations and actions to support health and fight cancer, here's a look at how credit unions around the country are giving back this holiday season.

    By Melissa Angell
    Reporter
    December 12
    Mission.jpg
  • Blockchain
    CULedger joins R3 blockchain ecosystem

    The credit union consortium will now be part of a global network comprised of more than 200 financial services firms, tech companies and more.

    By Palash Ghosh
    December 12
    John Ainsworth, president and CEO of CULedger
  • Growth strategies
    For second time ever, Erie FCU to pay patronage bonus

    Pennsylvania-based institution will give back $600,000 to members next month.

    By Michael Bartlett
    December 12
    Erie Federal Credit Union's corporate headquarters in Erie, Pa.
  • Trump administration
    ‘I am very excited to be here’: Kraninger signals new tone atop CFPB

    The newly sworn-in director’s first public remarks seemed to contrast with the approach of her predecessor, Mick Mulvaney, who at times questioned the role of the agency.

    Neil Haggerty is the Congress reporter for American Banker.
    By Neil Haggerty
    Reporter
    December 12
    CFPB Director Kathy Kraninger
  • Minimum wage
    Hiway, Allegacy credit unions hike minimum wages

    The institutions are boosting pay at a time when the national unemployment rate has fallen to its lowest level in decades.

    By Palash Ghosh
    December 12
    Minimum wages for Hiway and Allegacy
  • Seattle Credit Union's lesson in rebranding

    For this credit union, changing its name involved more than just new signs and stationery. It meant a willingness to explore new approaches to how it operates.

    December 12
    Mimi Lettunich
    Mimi Lettunich
    Twenty Four 7
  • MBL
    CUNA Mutual deal could bring banks and credit unions closer together

    The credit union stalwart purchased Mirador, which is heavily dependent on bank relationships. The challenge now is keeping those clients in the fold.

    John Reosti Author Image
    By John Reosti
    Reporter
    December 12
    AB-121118-MIRADOR.jpeg
  • Workforce management
    Managers, VPs and other new leaders from across the industry

    The latest look at new hires, promotions, appointments and accolades from credit unions across the country

    By Palash Ghosh
    December 11
    People cover slide CUJ 121118.JPG
  • Overdrafts
    Mazuma Credit Union to pay $1.4M to settle overdraft fee suit

    A number of credit unions have been hit with lawsuits that claim they have charged members overdraft fees despite there being sufficient funds in checking accounts.

    By Palash Ghosh
    December 11
    lawsuit.jpg
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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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