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Market Intelligence:
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  • CUJ content
    ‘Drop The Bank’ Campaign Boosts Checking Accounts From Gen Yers

    BROOKLYN, Center, Minn. – City-County FCU said it added new checking accounts with its three-month ‘Drop the Bank’ campaign for young adults.

    June 30
  • Performance reports
    NCUA Charges Manager’s Family Looted Tiny CU

    WHEELING, W.V. – The manager of defunct N&W Poca Division FCU and her two grown daughters were charged in a civil suit filed by NCUA last week with stealing as much as $5 million and bankrupting the tiny credit union last year.

    June 30
  • CUJ content
    Pennsylvania CUs And Banks Offer Assistance To Strapped State Employees

    HARRISBURG, Penn. – Ten credit unions and banks have agreed to offer help to the state’s 69,000 public employees who paychecks may be delayed by an ongoing budget impasse.

    June 30
  • Lending
    Treasury Adds Two CUs To Mortgage Relief Program

    WASHINGTON – The Treasury Department said it has approved two credit unions, Wescom Central CU and Technology CU, to its mortgage relief program.

    June 30
  • CUJ content
    NCUA Proposes Its Own Consumer Protection Office

    ALEXANDRIA, Va. – In an effort to preempt plans to bring credit unions under a new Consumer Financial Protection Agency, NCUA Chairman Michael Fryzel yesterday proposed creating the agency’s own consumer protection office.

    June 30
  • Lending
    Governor Quashes Bid To Extend CU Car Sales

    MADISON, Wis. – Gov. Jim Doyle vetoed a bill yesterday that would have allowed Educators CU to continue operating its controversial auto dealership.

    June 29
  • CUJ content
    Point Breeze CU Awards $18,000 In Scholarships

    HUNT VALLEY, Md. – Point Breeze CU granted $1,500 college scholarships to 12 high school seniors.

    June 29
  • CUJ content
    Apple FCU Raises $30,000 For Cancer Fund

    FAIRFAX, Va. – Apple FCU’s 8th annual Charity Golf Tournament raised $30,000 on the green for the American Cancer Society.

    June 29
  • Technology
    Olean Area FCU Signs With TNB For Card Processing

    OLEAN, N.Y. – Olean Area FCU has contracted with TNB Card Services to provide processing for its $3.5 million card portfolio.

    June 29
  • CUJ content
    Michigan CU Politico Patrick LaPine To Head New Southern CU League

    TALLAHASSEE, Fla.– Patrick LaPine, the well-known chief lobbyist of the Michigan CU League who helped build the credit union lobby into a power in both Lansing and in Congress, was named yesterday to head the fledgling League of Southeastern CUs.

    June 29
  • CUJ content
    Chrysler CU To Sell Health Care Plan

    WARREN, Mich. – ABD FCU, the credit union for Chrysler employees, has signed with National Health Partners to market the company’s CARExpress membership programs to its members.

    June 29
  • CUJ content
    The Golden 1 CU To Accept State IOUs

    SACRAMENTO, Calif. – The Golden 1 CU announced yesterday it will accept state-issued IOUs from members, which Gov. Schwarzenegger has proposed to pay state employees with as soon as this week if he cannot solve a budget impasse with lawmakers.

    June 29
  • Lending
    CDCUs Get Low-Interest NCUA Loans

    ALEXANDRIA, Va. – NCUA awarded another five 1% loans from its Community Development Revolving Loan Fund last month, marking a spike in demand for the low-interest loans.

    June 29
  • CUJ content
    $17 Million Federal Grants Help CDCUs Expand

    WASHINGTON – Nine community development credit unions were awarded more than $17 million in grants from the Treasury’s Community Development Financial Institutions Fund yesterday to use to expand lending and their branch networks.

    June 29
  • Performance reports
    Directors Say Most CUs Thriving

    BOSTON – Credit unions in a half-dozen states-particularly the so-called Sand States of California, Arizona, Nevada and Florida–may be sinking deeper and deeper, but many credit unions around the country are growing and even prospering their way through the recession, according to their volunteer directors.

    June 29
  • CUJ content
    Hacker-Turned-Government Informant Guilty Of Stealing Into Pentagon FCU Card Accounts

    PITTSBURGH – An iconic computer expert who once worked for the Department of Defense and other federal agencies to detect weaknesses in their online systems pleaded guilty yesterday to stealing more than two million credit card accounts from financial institutions, including Pentagon FCU, and selling the information to wrack up some $86 million in fraudulent charges.

    June 29
  • Performance reports
    Examiners Home In On New Credit Union Vulnerabilities

    BOSTON – NCUA examiners are focusing increasing resources on verifying the adequacy of loan loss reserves for credit unions, as troubles are spreading to new areas of the credit union portfolio–even as credit unions have moved billions of additional dollars into Allowance for Loan Losses over the past two years.

    June 28
  • CUJ content
    Velocity CU Accelerates Scholarship Program With $100,000 Grants

    AUSTIN, Texas – Velocity CU awarded $100,000 in college scholarships to seven students as part of its 16th annual scholarship awards.

    June 28
  • Branch network
    Colorado State Employees CU Buys Bank Branch

    DENVER – Colorado State Employees CU has purchased a former branch of Bank of the West for $960,000.

    June 28
  • Technology
    TwinStar CU Installs ESRI’s ArcGIS Geographic Software

    OLYMPIA, Wash. – TwinStar CU said it has implemented ESRI’s ArcGIS Business Analyst geographic information system software to assist in growing its network of branch and ATM locations.

    June 28
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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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