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Market Intelligence:
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Industry Data
  • Technology
    CommunityAmerica CU Installs Palisade’s PacketSure Security System

    KANSAS CITY, Mo. – CommunityAmerica CU reported yesterday it has implemented Palisade Systems’ PacketSure data loss prevention tool.

    March 2
  • Technology
    SEFCU Adds Tripwire System To Monitor Data Center

    ALBANY, N.Y. – SEFCU said yesterday it has implemented Tripwire Inc.’s Enterprise for enhanced file integrity monitoring and to manage and enforce change control processes across the credit union's data center.

    March 2
  • CUJ content
    Chetco FCU Moves Cards Program To TNB

    HARBOR, Ore. – Chetco FCU said yesterday it has agreed to move the processing and servicing of its $4.7 million credit card portfolio, 12,000 PIN and signature debit card accounts, as well as its ATM terminal driving, to TNB Card Services.

    March 2
  • Technology
    Suncoast Schools FCU Installs IP Virtual Private Network Through tw.telecom

    TAMPA, Fla. – Suncoast Schools FCU said it tw.telecom has completed the implementation of a 51-site IP VPN, or Internet Protocol Virtual Private Network for the $6 billion credit union.

    March 2
  • CUJ content
    DFCU Financial Absorbs Troubled CapCom CU

    DEARBORN, Mich. – DFCU Financial has completed its acquisition of ailing Capital Community CU, based in Lansing.

    March 2
  • Performance reports
    FHLB Atlanta Moves To Conserve Capital

    ATLANTA – The Federal Home Loan Bank of Atlanta said last week it took steps to conserve capital to prepare for possible large write-downs in the value of some of its mortgage-backed securities.

    March 2
  • Performance reports
    FHLB Dallas Reports $67.6 Million Loss On Derivatives Charges

    DALLAS – The Federal Home Loan Bank of Dallas said losses on its hedging and derivatives caused it to report a fourth quarter loss of $67.6 million.

    March 2
  • CUJ content
    Grow Show Has Special Offer: Room Night Included In Registration

    WEST PALM BEACH, Fla. – The Credit Union Journal has unveiled anther big reason to make sure you don’t miss Grow Show by announcing it will one night’s hotel room cost in the already low registration fee. For a limited time, the next 20 registrants for the conference will be offered one night at the Hotel del Coronado in San Diego as part of their registration. The offer will expire on March 6.

    March 2
  • CUJ content
    White House Urged To Act On Mark-To-Market Accounting

    WASHINGTON – CUNA took its appeal over market value accounting to the White House last week, asking President Obama to form a task force to review whether current accounting rules are exacerbating the current financial crisis and whether the rules should be amended.

    March 2
  • Technology
    Heartland Breach Spreads As CUs Sue

    TRENTON, N.J. – Three credit unions and two banks last week became the first financial institutions to seek recompense through the courts against Heartland Payment Systems for one of the biggest credit card breaches ever.

    March 1
  • CUJ content
    Florida State Employees FCU Names New CEO

    PENSACOLA, Fla. – Florida State Employees FCU said it appointed Christina Reynolds as its new president and CEO.

    March 1
  • CUJ content
    Pee Dee FCU Awards 10 Teacher Mini-Grants

    FLORENCE, S.C. – Pee Dee FCU said it awarded min-grants to ten teachers, part of its effort to recognize local educators.

    March 1
  • CUJ content
    First California FCU Opens On Morongo Indian Reservation

    CABAZON, Calif. – The Morongo Band of Mission Indians has opened First Californian CU union on the reservation.

    March 1
  • CUJ content
    Adirondack Regional FCU Raises $19,000 For Seniors’ Fuel Assistance

    TUPPER LAKE, N.Y. – Adirondack Regional FCU said it raised $19,000 this year to help senior citizens who need help with their fuel and electric bills over the winter.

    March 1
  • CUJ content
    NuUnion CU Offers Savings Incentives As Part Of $100,000 Contest

    LANSING, Mich.-- NuUnion CU has introduced a new savings program that enters members into a grand-prize ‘Save to Win’ drawing every time they make a deposit of at least $25 in their account.

    March 1
  • Performance reports
    FHLB Chicago Sees Big Losses On OTTI

    CHICAGO – The Federal Home Loan Bank of Chicago, reeling from unrealized losses on its private-label mortgage backed securities, said last week it expects to report a loss of $119 million for 2008 sometime next month when it releases audited results for the year.

    March 1
  • Performance reports
    OTTI Charges Push FHLB Pittsburgh Deep In The Red

    PITTSBURGH, Penn. – The Federal Home Loan Bank of Pittsburgh reported last week that other-than-temporary impairment charges of $266 million taken on its private label mortgage backed securities forced it to take a $187.9 million loss for its fourth quarter.

    March 1
  • Performance reports
    WesCorp FCU Mulls OTTI As Losses Grow

    SAN DIMAS, Calif. – WesCorp FCU reported Friday that unrealized losses on its troubled investment portfolio increased by $310 million in January, to almost $2.9 billion, as the credit markets continued to stall.

    March 1
  • Performance reports
    State Regulators Seize Troubled Prime Financial CU

    CUDAHY, Wis. – A week after the break-up of the merger between Prime Financial CU and Guardian CU, state regulators took financially ailing Prime Financial under conservatorship on Friday.

    March 1
  • Lending
    CU National Mortgage’s CEO Allegedly Posed As CU Exec

    NEWARK, N.J. – A civil suit filed against CU National Mortgage last week hours before the company filed for bankruptcy charges the owner and CEO of CU National masqueraded as an executive vice president of Picatinny FCU and signed "allonges" assigning millions of dollars of the Dover, N.J., credit union’s mortgages to Fannie Mae as part of a wide-ranging fraud scheme that may involve hundreds of millions of dollars of credit union loans.

    March 1
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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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