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Market Intelligence:
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Industry Data
  • CUJ content
    CUNA Mutual Introduces New Whole Insurance Life Product

    MADISON, Wis. – CUNA Mutual Group said yesterday it is adding a new whole life product to its life insurance product suite.

    July 27
  • Performance reports
    Revenues And Earnings Fall At Equifax

    ATLANTA – Credit bureau Equifax reported a 16% drop in second quarter profits, fueled by a 9% decline in revenues.

    July 27
  • Performance reports
    Profits Surge At Pre-Merger Metavante

    BROWN DEER, Wis.– Metavante Technologies said net income for its second quarter soared 41% to $1.9 million, as the company prepares to be taken over by Fidelity National Information Services.

    July 27
  • Technology
    Philadelphia FCU Adds IMM’s TotalAtlasWeb Solution

    PHILADELPHIA – Philadelphia FCU said it has implemented Integrated Media Management’s TotalAtlasWeb to offer members the 24/7 convenience of retrieving and signing documents securely via an online channel.

    July 27
  • CUJ content
    Trenton FCU + Wyandotte FCU = Shore To Shore Community FCU

    WYANDOTTE, Mich. – Wyandotte FCU said it has agreed to merge with Trenton FCU to create a $140 million credit union called Shore to Shore Community FCU. The field of membership will run from the southshore of the Trenton Channel of Lake Erie at Trenton, to the north shore of the channel at Wyandotte.

    July 27
  • Lending
    Mission FCU Joins Treasury’s Mortgage Modification Program

    SAN DIEGO – Mission FCU has been added as a participating servicer to the Treasury’s modification incentive program under the Troubled Asset Relief Program, bringing to four the number of credit unions among the 34 participants in the program.

    July 27
  • Lending
    Heritage Trust FCU Pledges $100,000 To Affordable Housing Fund

    CHARLESTON, S.C. – Heritage Trust FCU has contributed $100,000 to a new loan pool to help developers finance affordable housing projects.

    July 27
  • CUJ content
    International CU Movement Feeling Economic Crisis In Different Ways

    BARCELONA, Spain–The economic crisis in the U.S. is hitting CU balance sheets around the world in different ways, credit unions attending the World Council of Credit Unions World CU Conference here told Credit Union Journal.

    July 27
  • CUJ content
    Elderly Member Wins Michigan State University FCU’s Livingroom Makeover

    LANSING, Mich. – A 77-year-old member of Michigan State University FCU was selected as winner of the credit union’s annual free room makeover contest.

    July 27
  • CUJ content
    Online Banking Nightmare: Mistyping Your Account Number

    PHOENIX – A member of Desert Schools FCU was horrified when she realized she deposited $5,800 into the wrong account because she incorrectly typed one digit of her online account number when making the transfer–she typed a 6 instead of an 8.

    July 27
  • Lending
    Court Clears Way For Trial In Credit Scoring Suit

    MINNEAPOLIS – A federal court denied a motion by credit bureaus Experian, TransUnion and VantageScore to dismiss a trademark infringement case brought by Fair Isaac & Co., setting the stage for a trial between the competing consumer credit scores.

    July 27
  • Lending
    Court Clears Way For Trial In Credit Scoring Suit

    MINNEAPOLIS – A federal court denied a motion by credit bureaus Experian, TransUnion and VantageScore to dismiss a trademark infringement case brought by Fair Isaac & Co., setting the stage for a trial between the competing consumer credit scores.

    July 27
  • CUJ content
    Fugitive Collared In $250,000 CU Robbery

    MUNCIE, Ind. – Two men charged last week in the May armed robbery of $250,000 at Industrial Centre FCU told police they chose the credit union for the heist after they saw a Brinks truck make a cash delivery earlier that morning.

    July 26
  • CUJ content
    Earnings Fall At Fair Isaac

    MINNEAPOLIS – Fair Isaac & Co., the maker of the FICO credit score, said net income for its fiscal third quarter ended June 30 fell 32% to $18.1 million, while revenues slumped 15%.

    July 26
  • Performance reports
    Revenues, Profits Fall At Check Printer Deluxe

    SHOREVIEW, Minn. – Deluxe Corp. said Friday profits fell 15% in the second quarter as revenues continued to slide.

    July 26
  • Technology
    SecureWorks Closes On $31.5 Million Of New Funding

    ATLANTA – SecureWorks, which has been in the forefront of detecting new malware plaguing credit unions, has obtained $31.5 million in new funding.

    July 26
  • CUJ content
    FDIC Eyes CUs’ Prize-Linked Savings For Banks

    WASHINGTON – A key FDIC advisory committee will hold a public review Thursday on so-called prize-linked savings, a concept being popularized among credit unions.

    July 26
  • CUJ content
    University Of Hawaii FCU’s CEO Ariel Chun Retires

    HONOLULU - Ariel Chun, president and CEO of the University of Hawaii FCU for the last 23 years, announced she is retiring on Dec. 31.

    July 26
  • Lending
    Big MBL Defaults Add Up At Telesis Community CU

    CHATSWORTH, Calif. – Telesis Community CU, which operates one of the largest member business loan portfolios in the country, filed default notices last week on loans originally made for $29 million for two historic Portland, Ore., buildings.

    July 26
  • Lending
    Navy Fed, PenAir FCU Collaborate With Bank On Hotel Development

    PENSACOLA, Fla. – A local developer closed a loan deal Friday with two local credit unions and a Tampa bank for $38 million to build a 206-room Holiday Inn on Pensacola Beach.

    July 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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