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Market Intelligence:
AI
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Industry Data
  • M&A
    Arlington Community FCU absorbs fellow Virginia institution

    Queen of Peace Arlington Federal Credit Union had just $2.6 million in assets and one employee prior to the merger.

    By Palash Ghosh
    October 23
    Karen L. Rosales is president & CEO, ACFCU
  • P-to-P payments
    Zelle, Venmo use soars as more consumers go cashless

    Zelle processed 116 million transactions during the third quarter as its payment volume jumped to $32 billion, while Venmo's volume increased 78% to nearly $17 billion.

    By Will Hernandez
    October 23
    Payment volume at Zelle and Venmo as of Sept.30 2018
  • CDFIs
    National Federation of CDCUs rebrands

    Now known as Inclusiv, the name change also brings several high-profile programs under one umbrella.

    October 23
    Cathie Mahon is CEO of Inclusiv
  • Growth strategies
    More than a dozen CUs sign with GrooveCar in Q3

    The 15 credit unions ranged in assets from institutions with $17 million to one with more than $280 million.

    By Palash Ghosh
    October 23
    Robert O'Hara is VP at GrooveCar
  • Cyber security
    Advanced ID-verification techniques gaining steam at credit unions

    Self-sovereign identity solutions are becoming increasingly common as credit unions move away from less secure authentication methods.

    By W.B. King
    October 23
    ID verification - CUJ 102318.JPG
  • Growth strategies
    Lending a helping hand: Credit unions in the community

    A look at some of the many ways credit unions are providing assistance for veterans, students and the community as a whole.

    By Michael Bartlett
    October 22
    Robins 080318.jpg
  • Core conversions
    Coast Central Credit Union plans 2019 core conversion

    The credit union in San Diego expects to increase its efficiency and add products and services once the switch is complete.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    October 22
    From back left: Kristin Blair, Coast Central Credit Union's VP Member Services; Fred Moore, CFO; Colleen Toste, VP Member Communications; Ed Christians, VP of Information Systems; Ann Jairo-Bettiga, VP of Human Resources; and James Sessa, president and CEO (center, seated).
  • Capital
    Week ahead: RBC, cybersecurity and a lifeline for Senate Dems

    Trade groups are calling on Congress to further delay NCUA's risk-based capital rule and extending a helping hand to red-state Democrats in tough reelection battles.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    October 22
    Capitol Hill, Washington D.C.
  • Growth strategies
    ORNL Federal Credit Union issues $3 million rebate to membership

    This is the first special dividend the Oak Ridge, Tenn., credit union has given out since 2005.

    By Melissa Angell
    Reporter
    October 22
    Randy Gorman CUJ 101918
  • Corporate philanthropy
    National Credit Union Foundation to present first Anchor Award since 2012

    Brett Martinez, president and CEO of Redwood Credit Union, will be honored for his efforts in supporting survivors of California's wildfires in 2017.

    By Palash Ghosh
    October 22
    Brett Martinez is CEO of Redwood CU
  • PFM
    Why some CUs prefer to keep PFM in-house

    Recognizing their members have relationships with multiple institutions, some credit unions are launching personal finance management tools to give consumers a wider view of their financial lives.

    By Nathan DiCamillo
    October 22
    consumers who want personal finance management tools
  • Workforce management
    One step closer to the top

    A look at the latest promotions, appointments and hirings at credit unions across the country.

    By Palash Ghosh
    October 19
    CUJ070617service.jpg
  • Election 2018
    Former Michigan league staffer aiming for the statehouse

    Mona Shand, a former teacher, journalist and communications professional, aims to bring industry priorities to Lansing if she's elected to the state's legislature next month.

    By Melissa Angell
    Reporter
    October 19
    Mona Shand, a former credit union professional running for a seat in Michigan's House of Representatives.
  • Financial crimes
    Ousted CEO pleads not guilty to fraud, embezzlement

    Kam Wong has been accused of submitting requests for fake expense reimbursements when he ran Municipal Credit Union.

    By Palash Ghosh
    October 19
    Kam Wong, former president and CEO of Municipal Credit Union. Wong pleaded guilty to charges of embezzlement on Nov. 19, 2019.
  • Disaster recovery
    Credit unions step up for Hurricane Michael relief

    The League of Southeastern Credit Unions & Affiliates has distributed more than $70,000 to help rebuild after the storm ravaged the Florida Panhandle.

    By Palash Ghosh
    October 19
    LSCU staff gather electric generators for hurricane victims
  • Compensation
    As SEGs raise wages, should credit unions follow suit?

    With higher entry-level pay becoming more common, credit unions must determine whether to follow the lead of the select employer groups they serve.

    By Palash Ghosh
    October 19
    minimum wage cover slide - CUJ 101918.JPG
  • Credit unions
    State governors issue Credit Union Day proclamations

    Governors in Arkansas, Georgia, Oklahoma, Texas and Wisconsin used International Credit Union day as an opportunity to recognize the industry.

    By Michael Bartlett
    October 19
    Georgia Gov. Nathan Deal
  • Succession planning
    Navy Federal picks insider as next CEO

    Mary McDuffie, who is currently Navy Federal's chief operating officer, will succeed Cutler Dawson, who is retiring.

    By Palash Ghosh
    October 18
    Mary McDuffie is the new CEO at Navy FCU
  • Risk-based capital rule
    NCUA approves risk-based capital changes, sets stage for new banker battle

    Credit unions won't have to comply with the controversial rule until at least 2020, but a forthcoming proposal on alternative capital could raise the ire of banking groups.

    John Reosti Author Image
    By John Reosti
    Reporter
    October 18
    Mark McWatters Rick Metsger NCUA Board
  • Growth strategies
    Coastal Credit Union surpasses asset, membership milestones

    The Raleigh, N.C.-based credit union now serves more than a quarter-million members and has seen assets rise by nearly 8 percent so far this year.

    By Palash Ghosh
    October 18
    Chuck Purvi is president and CEO of Coastal FCU
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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

Download the American Banker app

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