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Market Intelligence:
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Industry Data
  • Technology
    Digital Insight Partners With Andera For Online Account Opening

    CALABASAS, Calif. – Digital Insight announced yesterday it has entered into a strategic relationship with Andera to provide Andera's online account opening and funding solutions to its client financial institutions.

    June 8
  • Lending
    ATM Provider TRM To Service Student Loans For CUs

    CHERRY HILL, N.J. – ATM Corp., the copier provider-turned ATM company said yesterday it is will now offer student loan service to credit unions.

    June 8
  • CUJ content
    St. Mary’s CU Awards $15,000 In Scholarships

    MARLBOROUGH, Mass. – St. Mary’s CU granted 23 high school seniors college scholarships worth a total of $15,000.

    June 8
  • CUJ content
    FDIC FCU Partners With NSF FCU For Merger

    WASHINGTON – FDIC FCU, the credit union for employees of the Federal Deposit Insurance Corp., has combined with NSF FCU, which serves the National Science Foundation.

    June 8
  • CUJ content
    AmeriCU CU Sponsors Tax-Free Shopping Week In Syracuse

    SYRACUSE, N.Y. – AmeriCU CU is teaming with the Downtown Committee of Syracuse to sponsor the first ever Tax Free Shopping Week in Downtown Syracuse to help boost downtown merchants.

    June 8
  • Lending
    Members 1st FCU Offers Assistance To State Employees

    MECHANICSBURG, Penn. – Members 1st FCU is planning a program to assist affected state employees if lawmakers cannot work out their impasse over the budget.

    June 8
  • Branch network
    Campus USA Builds New Headquarters

    TALLAHASSEE, Fla. – Campus USA Credit Union has started construction on a new 95,000-square-foot headquarters and adjacent 4,500-square-foot branch office in nearby Jonesville.

    June 8
  • Technology
    Arizona Central CU Launches Economic Downturn Social Site

    PHOENIX – Arizona Central CU has introduced a new website called getAZmoving.org to focus on ways to rebuild the state's troubled economy.

    June 8
  • Lending
    Feds Hunt $120 Million Of CU Funds Missing From U.S. Mortgage

    NEWARK, N.J. – Michael McGrath, the founder and owner of U.S. Mortgage and its CU National Corp., is scheduled to plead guilty in federal court here Thursday to bank fraud and conspiracy charges in what is growing into one of the biggest financial scandals ever to hit credit unions.

    June 8
  • CUJ content
    Ex-Employee Fingered In $150,000 CU Heist

    BALTIMORE – A former employee of Cedar Point FCU in Leonardtown was arrested last week and charged with providing inside information to at least two men who robbed the institution in 2004 of more than $150,000.

    June 7
  • Lending
    Memphis CUs Participate In Distressed Homes Sale

    MEMPHIS – More than 40 distressed home in greater Memphis, at least 13 owned by credit unions, will be sold at auction in two sales slated for June 13 and July 14.

    June 7
  • Corporate credit unions
    Regulators Shut Corporate CU-Like Correspondent Bank

    ATLANTA – The FDIC opted Friday to liquidate the corporate credit union-like Silverton Bank, rather than sell the failed bankers’ bank to a group of private equity firms.

    June 7
  • Lending
    Great Plains FCU Partners With Uptown Neighborhood Association For Payday Loans

    WICHITA, Kan. – Great Plains FCU said last week it is introducing a payday loan product in conjunction with the local non-profit Uptown Neighborhood Association.

    June 7
  • CUJ content
    Bronco FCU Awards $30,000 In Scholarships

    FRANKLIN, Va. – Bronco FCU provided a total of $30,000 in scholarships to six high school seniors.

    June 7
  • Lending
    SEFCU To Join Online Student Loan Marketplace

    ALBANY, N.Y. – SEFCU, formerly the State Employees FCU, said it has agreed to participate in a new web-based student loan search being launched by the New York State Higher Education Services Corporation.

    June 7
  • CUJ content
    Desert Schools FCU’s Karaoke Raises $18,000 For Children’s Miracle Network

    PHOENIX – Desert Schools FCU raised $18,000 for Phoenix Children's Hospital during its annual Children's Miracle Network BBQ and talent show.

    June 7
  • CUJ content
    Two Young E FCU Members Are Millionaires For A Day

    BATON ROUGE, La. – Two elementary school students got to feel what it is like to be millionaires–but only for a day–as part of E FCU’s essay and art contest.

    June 7
  • Performance reports
    Allegacy FCU Shuts Branch

    WINSTON-SALEM, N.C. – Allegacy FCU, which reported a $25.1 million loss for 2008 and a $1 million first quarter net, reported Friday it is closing one branch.

    June 7
  • Corporate credit unions
    Southwest Corporate FCU Rolls Out Image Deposit Return

    DALLAS – Southwest Corporate FCU said it has introduced an Image Deposit Return service in the Federal Reserve’s 11th District and plans a nationwide roll-out next month.

    June 7
  • Corporate credit unions
    WesCorp FCU Eyes Closure Of Check Processing Branches

    SAN DIMAS, Calif. – WesCorp FCU, struggling under a massive $7.6 billion loss for 2008, is looking at closing some of its branch item processing facilities as part of a major cost-cutting.

    June 7
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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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