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Market Intelligence:
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  • Technology
    Washington State Employees CU Implements AtTask Portfolio Management Solution

    OLYMPIA, Wash. – Washington State Employees CU said it has successfully deployed AtTask’s project and portfolio management solutions.

    March 9
  • CUJ content
    Elevations CU Lifts Chief Lending Officer To COO

    BOULDER, Colo. – Elevations CU announced it has promoted Craig Burkhard, its chief lending officer, to be chief operating officer for the $930 million credit union.

    March 9
  • CUJ content
    Pioneer CU Sells Cards Portfolio To TMG

    GREEN BAY, Wis. – Pioneer CU said it completed the sale of its $13 million credit card portfolio with 6,300 accounts, to TMG Financial Services.

    March 9
  • Technology
    Tarrant County CU Converts Card Processing To TNB

    FORT WORTH, Texas – Tarrant County CU said it is converting its PIN and signature debit card processing and ATM terminal driving to TNB Card Services.

    March 9
  • CUJ content
    Delta Community CU Offers Vacation Voucher As Part Of Branch Opening

    ATLANTA – Delta Community CU said yesterday it will open its 18th metro Atlanta branch on March 19 in Duluth.

    March 9
  • Technology
    Police FCU Introduces CO-OP’s Fast Branch Kiosks

    UPPER MARLBORO, Md. – Police FCU has unveiled its new CO-OP Fast Branch kiosks in two police substations.

    March 9
  • CUJ content
    NCUA Sued Over Norlarco CU Loan Participations

    DENVER – One of 19 credit unions that were paid pennies on the dollar on the loan participations it held with Norlarco CU is asking a federal court to order NCUA to pay an additional $10.2 million in order to fulfill the participation agreement.

    March 9
  • CUJ content
    CU National Agrees To Return Picatinny FCU Loans

    NEWARK, N.J. – CU National Mortgage agreed yesterday to return millions of dollars in loans to Picatinny FCU as a result of negotiations related to the bankruptcy filing of the company’s corporate parent, US Mortgage Corp. and the alleged fraud involving to tens of millions of dollars of credit union loans.

    March 9
  • Lending
    Failed CU Lender Central States Mortgage To Continue Servicing Loans

    WAUWATOSA, Wis. – Central States Mortgage Corp., which ceased operations yesterday, said it will continue to service loans for more than 250 credit unions it did business with, even as it winds down operations.

    March 9
  • CUJ content
    Another CU Mortgage Lender Closes Its Doors

    WAUWATOSA, Wis. – Central States Mortgage, one of the biggest credit union mortgage CUSOs, shut down today, the second major closure of a credit union mortgage lender in as many months.

    March 9
  • CUJ content
    Another CU Mortgage Lender Closes Its Doors

    WAUWATOSA, Wis. – Central States Mortgage, one of the biggest credit union mortgage CUSOs, shut down today, the second major closure of a credit union mortgage lender in as many months.

    March 9
  • CUJ content
    Ten Minutes To Catch A CU Thief

    MOBILE, Ala. – A suspect in Friday’s armed robbery at Army Aviation CU was quickly collared–just ten minutes later–in the parking lot of the adjacent Aviation Training Center.

    March 8
  • CUJ content
    Belco Community CU Marks 70 Years $70 Gift Cards

    HARRISBURG, Penn. – Belco Community CU celebrated its 70th anniversary Friday with refreshments, gifts, and a $70 Visa gift card giveaway at all branches.

    March 8
  • CUJ content
    Cambridge Portugese CU Provides English Language Classes

    CAMBRIDGE, Mass. – Cambridge Portugese CU and the Massachusetts Alliance of Portuguese Speakers are partnering to help immigrants become self-sufficient by improving their English skills.

    March 8
  • Technology
    Mortgagebot Acquires Netupdate

    MEQUON, Wis. – Mortgagebot LLC, the provider of a popular online mortgage origination platform, said last week it has acquired Netupdate Inc., the developer of loan origination software platform, for $600,000.

    March 8
  • CUJ content
    Iowa CUs Launch IDAs

    DES MOINES – A state stimulus bill signed by the Governor last month includes $250,000 to be used as matching funds for nine credit unions to develop individual development accounts.

    March 8
  • Corporate credit unions
    CLF Funding Left In Limbo

    WASHINGTON – Congress was forced last week by an impasse on the omnibus spending bill in the Senate to extend emergency funding for the Central Liquidity Facility and other government agencies.

    March 8
  • Branch network
    Economy Forces More Branch Closings At CUs

    ST. FRANCISVILLE, La. – Feliciana FCU, which has served the employees of the shuttered Tembec paper mill for four decades, announced last week it has shut down its branch here and put the building up for sale, the latest of a slew of credit union responses to the declining national economy.

    March 8
  • CUJ content
    Congress Bid Could Suspend Fair Value Accounting

    WASHINGTON – Lawmakers introduced a bill last week to create a new body that would have the final say on accounting standards, including requests to suspend controversial rules on fair value accounting, known as mark-to-market.

    March 8
  • Corporate credit unions
    Corporates Eschew Wall Street Ratings Agencies

    COLUMBUS, Ohio – Corporate One FCU announced Friday it has ended its relationship with Wall Street rating agencies Standard & Poors and Moody’s, as it moves to terminate its commercial paper program, a one-time source of liquidity.

    March 8
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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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