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Market Intelligence:
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  • Technology
    Syphr LLC CUSO Teams With Lending Solutions On Loan Conversions

    FERNDALE, N.Y. – Syphr LLC has signed with Lending Solutions Inc. to provide Syphr clients with 24/7 lead/loan conversion, which will convert more RateMatch leads into funded loans.

    June 18
  • CUJ content
    Unitus Community CU Awards $11,000 In Scholarships

    PORTLAND, Ore. – Unitus Community CU has granted $1,000 scholarships to 11 local students.

    June 18
  • CUJ content
    PPL Gold CU’s Jerry Hittinger Retires As CEO

    ALLENTOWN, Penn. – PPL Gold CU said its longtime president and CEO Jerry Hittinger will retire June 30.

    June 18
  • CUJ content
    FAIRWINDS CU Sponsors Broadway In Florida

    ORLANDO, Fla. – FAIRWINDS CU has signed to be the name sponsor on this year’s local tour of Broadway Across America, a series of Broadway musicals playing locally.

    June 18
  • CUJ content
    American Heritage FCU’s ‘Gelatin Olympics’ Raises $23,000 For Children’s Hospital

    PHILADELPHIA – American Heritage FCU’s 16th Annual Gelatin Olympics raised more than $23,000 for the Children’s Seashore House at the Children’s Hospital of Philadelphia last week.

    June 18
  • Lending
    Mortgage Rates Retreat From Seven-Month Highs

    RESTON, Va. – Rates for 30-year mortgages back this week after soaring to seven-month highs last week, according to Freddie Mac.

    June 18
  • Performance reports
    NCUA Shops Two Troubled Wisconsin CUs

    WEST ALLIS, Wis. – NCUA said yesterday it is looking for merger mates for two ailing state chartered credit unions, Allco CU and First Security CU in Elm Grove.

    June 18
  • Performance reports
    Alaska USA FCU Enters California With Deal For Failed High Desert FCU

    APPLE VALLEY, Calif. – Alaska USA FCU became the latest credit union giant to enter the California market with an acquisition of a troubld credit union, High Desert FCU, a one-time $190 million credit union that was taken over by NCUA in October.

    June 18
  • Corporate credit unions
    NCUA Action Praised By NAFCU And CUNA

    WASHINGTON – The main credit union lobbies were expressing relief yesterday at NCUA’s move to stretch the costs of the corporate credit union bailout over seven years.

    June 18
  • Performance reports
    NCUA Sees Additional Charges For Troubled CUs

    ALEXANDRIA, Va. – NCUA officials acknowledged yesterday the $5.9 billion bailout of corporate credit unions will not be the last hit for credit unions this year.

    June 18
  • Corporate credit unions
    NCUA Approves Seven-Year Payback For Corporate Bailout

    ALEXANDRIA, Va. -- The NCUA Board ths morning reversed its corporate bailout charges and passed a new bailout plan that will give credit unions seven years to repay the $5.9 billion cost.

    June 18
  • Corporate credit unions
    NCUA Approves Seven-Year Payback For Corporate Bailout

    ALEXANDRIA, Va. -- The NCUA Board ths morning reversed its corporate bailout charges and passed a new bailout plan that will give credit unions seven years to repay the $5.9 billion cost.

    June 18
  • CUJ content
    Obama Plan Would Create Consumer Watchdog For Banks, CUs

    WASHINGTON – President Obama proposed a plan yesterday to create a consumer advocacy agency that would field and investigate consumer complaints brought against banks and credit union, something currently overseen by NCUA, the Federal Reserve, FDIC and the other existing regulators.

    June 17
  • CUJ content
    CO-OP Financial Helps Finance Fight Against Regulation Of Interchange Fees

    RANCHO CUCAMONGA, Calif. – CO-OP Financial Services said yesterday it is contributing $30,000 on behalf of its member credit unions to the Electronic Payments Coalition, the bank and credit union lobby group that is fighting efforts to regulate card interchange fees.

    June 17
  • CUJ content
    Crescent CU Marks 90 Years Of Service

    BROCKTON, Mass. – Crescent CU will mark celebrate its 90th anniversary today with cake and coffee for the public.

    June 17
  • Technology
    Express CU Upgrades Open Solutions Processing System

    SEATTLE – Express CU said it has signed with Open Solutions to upgrade its Complete CU Solution core processing system to facilitate its new partnership with 16 local service agencies.

    June 17
  • CUJ content
    Oregon Territory FCU Merges Into Rivermark Community CU

    BEAVERTON, Ore. – Members of Oregon Territory FCU have approved the merger of the $50 million credit union into $440 million Rivermark Community CU.

    June 17
  • Branch network
    REALTORS FCU Joins Credit Union 24 ATM Network

    ROCKVILLE, Md. – REALTORS FCU, the nation’s first all Internet credit union, announced yesterday it has joined the Credit Union 24 ATM network, giving it a brick-and-mortar presence.

    June 17
  • Lending
    Wolters Kluwer Launches Indirect Lending Unit

    MINNEAPOLIS – Wolters Kluwer Financial Services said yesterday it has formed a new indirect lending unit to better help credit unions in this area.

    June 17
  • CUJ content
    Florida CUs Hit By ATM Check Scam

    JACKSONVILLE, Fla. – Authorities believe they have cracked a ring that has been depositing stolen, counterfeit or dormant checks into ATMs with legitimate accounts, then withdrawing or using the funds to make fraudulent purchases.

    June 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.

ABM1025_Cover.jpg

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