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Market Intelligence:
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  • Technology
    Star One CU Expands uMonitor Pact With P-To-P Service

    SUNNYVALE, Calif. – Star One CU said it has renewed and expanded uOpen and uFund contracts with uMonitor and to add the company’s uTransfer account-to-account funds transfer services.

    February 23
  • Technology
    Arkansas Employees FCU Adds Cavion’s Mobile Banking Service

    LITTLE ROCK, Ark. – Arkansas Employees FCU said it has purchased Cavion Mobile Banking Professional to supplement its current home banking suite.

    February 23
  • Technology
    Technology CU Launches GPS ATM LocatorSearch

    SAN JOSE, Calif. – Technology CU announced yesterday the introduction of an ATM locator service for ATMs.

    February 23
  • CUJ content
    Clackamas FCU Loses $5 Million County Deposit To ING

    OREGON CITY, Ore. – Officials with Clackamas FCU last week were lamenting the withdrawal of a $5 million deposit from Clackamas County for transfer to Dutch banking giant ING.

    February 23
  • CUJ content
    Power Financial CU Teams With Staples For Small Business Makeover

    PEMBROKE PINES, Fla. – Power Financial CU and office retailer Staples announced a Small Business Makeover promotion yesterday offering small business owners the chance to evaluate their marketing and win a $1,000 Staples Gift Card.

    February 23
  • CUJ content
    TNB Introduces Personalized Card

    DALLAS – TNB Card Services announced yesterday the launch of a credit and debit card personalization service.

    February 23
  • Technology
    Mitek And mFoundry Pilot Mobile Deposits

    SAN DIEGO – Mitek Systems said yesterday it will conduct a test with mobile services provider mFoundry of a system that will allow consumers to deposit checks over their cell phones.

    February 23
  • CUJ content
    CDCUs Seek Capital Solution

    WASHINGTON – Faced with declining numbers, the National Federation of Community Development CUs is asking NCUA to act to convert some $16 million in low-interest loans through NCUA’s Community Development Revolving Loan Fund into permanent capital.

    February 23
  • Performance reports
    Hard Times Spread In CU Land: Losses Mount At CUNA

    WASHINGTON – CUNA said yesterday the crashing stock markets slammed its investment portfolio last year to push the trade association deeper into the red, to the tune of $8 million.

    February 23
  • CUJ content
    For CU Robberies: Four Will Get You Six

    SALEM, Mass. --An Iraq war veteran who admitted robbing St. Jean’s CU in adjacent Lynn four times over a seven-week span last year to feed his cocaine addiction received three to six years in prison as well as two years of probation Friday.

    February 22
  • CUJ content
    DNA Helps Crack $129,000 CU Heist

    RACINE, Wis. – One of two men who accosted three Guardian CU employees arriving to work in May 2006 then made off with $128,8000, pleaded guilty to bank robbery charges last week after DNA evidence identified him one of the perpetrators.

    February 22
  • Lending
    Charter Oak FCU Adds Harland Financial’s Touche CRM Solution

    GROTON, Conn. – Charter Oak FCU said it has implemented Harland Financial Solutions’ Touché Analyzer MCIF and Advisory Services consulting solutions.

    February 22
  • CUJ content
    MAX CU Opens Equipment Leasing Division

    MONTGOMERY, Ala. – MAX CU said it has introduced commercial equipment leasing through a new unit, called MAX Leasing USA.

    February 22
  • CUJ content
    HarborOne CU Launches New Marketing Bid

    BROCKTON, Mass. – HarborOne CU, the Bay State’s second-largest credit union, unveiled a $100,000 marketing campaign aimed at highlighting its roots in this working-class suburb of Boston.

    February 22
  • CUJ content
    Connex CU Banks on Being The Unbank

    NORTH HAVEN, Conn. – In this age of the financial supermarket, when insurers, S&Ls, credit unions and others are seeking to be like your neighborhood bank, Connex CU wants to be known as the unbank.

    February 22
  • CUJ content
    Deal Offers CU Members Discounts On Cell Phone Service

    HARRISBURG, Penn. – The Pennsylvania CU Association said Friday its credit unions can now offer their members discounts on wireless phone services through Sprint Nextel. More than 240,000 credit union members nationwide are already receiving discounts on wireless services through this plan.

    February 22
  • CUJ content
    CUNA Helps Refuel Political Parties

    WASHINGTON – CUNA reported Friday it contributed $85,000 to various conduits of the Democratic and Republican parties, the semi-annual downpayment on some $200,000 the credit union group donates to the two parties every election cycle.

    February 22
  • Lending
    Lenders Discount Mortgages For Foreclosures

    NEW BEDFORD, Mass. – Local credit unions and banks are teaming up for a program to help buyers purchase foreclosed properties in the city with state, local and private assistance.

    February 22
  • CUJ content
    Split Emerges In CU Movement Over Bankruptcy Cramdowns

    WASHINGTON – Several credit union leaders called on Congress Friday to move forward on initiatives to allow troubled homeowners to restructure their mortgages through the bankruptcy courts just as the mainstream credit union lobby was stepping up its efforts to block the so-called cramdown legislation.

    February 22
  • Corporate credit unions
    Corporates Bedeviled By Four-Letter Term: OTTI

    LENEXA, Kan. – When U.S. Central FCU surprised everyone last month–including NCUA–with a massive $1.1 billion loss for its recently completed fourth quarter it was precipitated by the implementation of a controversial and often confusing accounting term called other-than-temporary impaired, or OTTI.

    February 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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