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Market Intelligence:
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  • Technology
    Addison Avenue FCU Adds Jwaala’s MoneyTracker

    PALO ALTO, Calif. – Addison Avenue FCU said it has signed with Jwaala LLC to offer the company’s MoneyTracker to its members.

    July 20
  • Technology
    Main Street FCU Offers Design-Your-Own Photo Credit Cards

    BATON ROUGE, La. – Main Street FCU is rolling out a new credit card personalization tool that gives cardholders the ability to create a one-of-a-kind, custom card.

    July 20
  • CUJ content
    NCUA Issues Ruling On Abandoned Property

    ALEXANDRIA, Va. – NCUA said a credit union can meet the requirements of its fixed asset rule if it lists an abandoned property for sale with a real estate broker.

    July 20
  • Performance reports
    Bad Luck Continues At Nevada CUs

    LAS VEGAS – Nevada’s credit unions continue to report big losses for the second quarter, as the state’s real estate crisis persists.

    July 20
  • Performance reports
    Suncoast Schools Says Diminished Capital Did Not Kill Mega-Merger

    TAMPA, Fla. – Representatives of Suncoast Schools FCU yesterday disputed the assertion that low capital ratios at it and GTE FCU were part of the reason the two credit unions ended their plans for the industry’s biggest merger.

    July 20
  • Performance reports
    Navy Fed Speeds Towards $40 Billion Mark

    VIENNA, Va. – Navy FCU had another successful three months in the second quarter, reporting net income of $100 million–its best quarter ever–and asset growth of 3%, pushing the world’s largest credit union to $39.9 billion.

    July 20
  • Performance reports
    Capital Shortfall Seen In Failed CU Mega-Merger

    TAMPA, Fla. – Among the factors that killed the proposed combination of Suncoast Schools FCU and GTE FCU, the biggest credit union merger ever, are the effects of diminishing capital in the two troubled credit unions, sources indicate.

    July 19
  • Performance reports
    Corporate CU Bailout Wreaks Havoc On CU Books

    ALEXANDRIA, Va. – The NCUA taketh, and the NCUA giveth back: that’s the story of the second quarter financials for credit unions, many of which are reversing millions of dollars in first quarter charges for the corporate credit union bailout which they took at the direction of NCUA, and reporting the gain as operating income.

    July 19
  • CUJ content
    ‘A Day In The Life’ Of Credit Unions Is Near

    WEST PALM BEACH, Fla. – Credit Union Journal is now accepting participants for one of its most popular annual traditions: A Day In The Life of Credit Unions.

    July 19
  • CUJ content
    Matz Administration Takes Shape

    ALEXANDRIA, Va. – NCUA Chairman-nominee Deborah Matz is preparing to fill top spots in her administration with two long-time credit union operatives, as Senate confirmation hearings approach on Matz’s nomination.

    July 19
  • Branch network
    Tulsa Teachers CU Promotes New Branch With $1 Bill Give-Aways

    TULSA, Okla. – Hundreds of residents joined officials of Tulsa Teachers CU to unveil its new branch in nearby Bixby–and the chance to win $500.

    July 19
  • Branch network
    Meridian Trust FCU Builds Admin Office

    CHEYENNE, Wyo. – Meridian Trust FCU broke ground last week on an 8,000-square-foot administration building, which will be connected to the credit union's existing branch at the site.

    July 19
  • Lending
    IBM Southeast Employees FCU Joins Treasury’s Mortgage Refi Program

    WASHINGTON – The Treasury Department added two more mortgage servicers to its qualified list of participants in its Home Affordable Modification Program, or HAMP.

    July 19
  • CUJ content
    Member Charged With Fake Deposit At The ATM

    SHEBOYGAN, Wis. – A 19-year-old member of Kohler CU was charged last week with making $2,100 in fraudulent deposits at ATMs, then withdrawing the phantom funds using his debit card.

    July 19
  • CUJ content
    Lover, Hitman Guilty In Murder-For Hire At The CU ATM

    NORFOLK, Va. – A hired gun who was paid to knock off a U.S. Navy officer by his wife, was found guilty Friday of murdering the seaman as he pulled up to the ATM at Langley FCU in April 2007.

    July 19
  • Corporate credit unions
    NCUA’s Corporate Guarantee Covers Dividends On Member Accounts

    ALEXANDRIA, Va. – NCUA declared that its Temporary Corporate CU Share Guarantee Program, enacted to stem an outflow of funds from corporate credit unions, will cover accrued dividends posted before the failure of any corporate participating in the program.

    July 19
  • Performance reports
    Bellco FCU Combines With Berks Community FCU

    WYOMISSING, Penn. – Bellco FCU said it has agreed to merge with Berks Community FCU, an ailing credit union of similar size.

    July 19
  • Performance reports
    Empower FCU Merges Failing Telco FCU

    SYRACUSE, N.Y. – Fast-growing Empower FCU said Friday NCUA has approved its acquisition of Telco FCU, an undercapitalized $23 million credit union based in nearby Elmira.

    July 19
  • CUJ content
    NOW IN THE MARKET

    CreditPlus Enhances ASPECT

    July 17
  • CUJ content
    What Goes Down Can Help Out

    POST FALLS, Idaho-According to one economist, credit unions should see a down economy as an opportunity and not an excuse.

    July 17
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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.

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