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  • Performance reports
    NCR Reports $15 Million First Quarter Loss

    DAYTON, Ohio -- ATM maker NCR Corp. lost $15 million in the first quarter compared with a profit of $48 million in the same period of 2008, largely because of a downturn in the retail industry, the company said yesterday.

    April 23
  • Performance reports
    Sallie Mae Reports First Quarter Loss

    RESTON, Va. – Sallie Mae, the nation's largest student lender, narrowed its loss in the first quarter to $21 million, down from a $104 million first quarter loss last year, despite government efforts to stabilize short-term debt markets that Sallie Mae says hurt its results.

    April 23
  • CUJ content
    Suspect Charged With Attempt To Kill CU Robbery Witness

    LENEXA, Kan. – A man charged with last month’s armed robbery at the Credit Union of Johnson County was indicted yesterday on additional charges of attempting to kill a witness to the hold-up as he made his getaway.

    April 23
  • CUJ content
    Erie FCU Offers Magic Themed Giveaways To Youth

    ERIE, Penn. – Erie FCU is giving away prizes and other giveaways with magic themes for youth any one of its six branches as an inducement to membership.

    April 23
  • CUJ content
    Tinker FCU Sponsors Miracle Car Show To Benefit Children’s Miracle Network

    TINKER AIR FORCE BASE, Okla. – Tinker FCU is hosting its ninth annual Miracle Car Show this Saturday, to benefit Children’s Miracle Network. at the credit union’s corporate offices.

    April 23
  • Technology
    ESL FCU Installs Open Solutions’ DNA

    ROCHESTER, N.Y. – ESL FCU, the biggest credit union in New York, completed the implementation of The Complete Credit Union Solution: DNA core processing system, from Open Solutions.

    April 23
  • Lending
    Mortgage Rates Slip Further Toward Record Lows

    McLEAN, Va. – Home loan rates tipped down again this week near all-time lows, according to Freddie Mac.

    April 23
  • Performance reports
    Troubled Arizona FCU Plans More Cuts

    PHOENIX – Arizona FCU, continuing to struggle with large losses, is shutting two more branches, making a total of six branches closed so far this year.

    April 23
  • Performance reports
    Special Charges Weigh Down BECU

    TUKWILA, Wash. – The recession has officially spread to the northwest, as evidence by the increasing delinquencies for consumer loans and a $9.3 million operating loss at BECU.

    April 23
  • Corporate credit unions
    For Reporting Corporate Bailout Charges Auditors Leave it Up To CUs

    BLOOMINGTON, Minn. – Credit union auditors are laying out the options for how credit unions can account for their share of the corporate bailout costs and the impairment of capital in WesCorp FCU, but are leaving it up to their clients to decide how they will report the charges.

    April 23
  • CUJ content
    Gunman Charged In $18,600 Heartland CU Hold-Up

    ST. PAUL, Minn. – A man who allegedly held a gun to a Heartland CU teller’s head and forced her to load a bag with $18,600 cash last month was indicted yesterday on armed robbery and firearms charges.

    April 22
  • CUJ content
    Carolinas CU Foundation Awards $27,500 To Two Non-Profits

    GREENSBORO, N.C. – The Carolinas CU Foundation has awarded separate grants of $17,500 to the Billy Hardy Home for Boys and of $10,000 to Generations Group Home.

    April 22
  • CUJ content
    NCUA Offers TIPs To Two FCUs

    ALEXANDRIA, Va. – NCUA has granted two new TIP charters, allowing the credit unions to serve entire trades, industries or professions.

    April 22
  • CUJ content
    North Carolina SECU Donates $1 Million To Build New Hospice

    SMITHFIELD, N.C. – State Employees CU, which has contributed funds to the renovation and construction of several hospices, said its SECU Foundation gave $1 million to the construction of the Johnston Health Hospice here.

    April 22
  • Technology
    New Mexico Educators FCU Adds Southwest Corporate’s Consumer Remote Deposit

    ALBUQUERQUE, N.M. – New Mexico Educators FCU said it has contracted with Southwest Corporate FCU to provide consumer remote deposit services for its members, the second credit union to sign up for the service.

    April 22
  • CUJ content
    Power Financial CU Awards Small Business Makeover

    PEMBROKE PINES, Fla. – Power Financial CU has chosen The Institute for Regional Conservation, a Miami non-profit dedicated to green issues, as the grand prize winner of its first annual Small Business Makeover Contest.

    April 22
  • CUJ content
    St. Mary’s Bank Celebrates CUs’ Centennial With Party Of Its Own

    MANCHESTER, N.H. – St. Mary’s Bank, the nation’s first and oldest credit union, held its 100th annual members meeting last week, part of the year-long celebration of 100 years of credit unions.

    April 22
  • Corporate credit unions
    Congress Plans Hearings On Corporate Failures

    WASHINGTON – The House is planning to hold hearings next month on the ongoing problems in the corporate credit union network, including last month’s failures of U.S. Central FCU and WesCorp FCU.

    April 22
  • Performance reports
    Eastern Financial Florida CU Near Grounding

    MIRAMAR, Fla. – The financial condition of Eastern Financial Florida CU, the one-time high-flying airlines credit union, has continued to deteriorate in recent months, even while state regulators have slapped the credit union with a tough supervisory order.

    April 22
  • Performance reports
    The Golden 1 CU Spreads The Pain Of Extraordinary Charges Retroactively

    SACRAMENTO, Calif. – The retroactive assessment of some of its share of the corporate bailout costs back to the fourth quarter of 2008 wiped out a healthy $21 million net for The Golden 1 CU and pushed the credit union into the red for last year.

    April 22
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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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