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Market Intelligence:
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Industry Data
  • CUJ content
    Elderly Broker’s Suicide Connected To Missing Millions From CU Failure

    NEW LONDON, Conn. – Authorities believe an 82-year-old investment advisor for New London Security FCU may have leaped to his death last July just hours after regulators shuttered the 72-year-old credit union because investigators were closing in on a multi-million dollar embezzlement.

    November 23
  • CUJ content
    Cardtronics Stock Plunges

    HOUSTON – Shares in Cardtronics continued to plummet last week, all the way to just 65 cents, two weeks after the giant ATM service provider announced continuing losses for its fiscal third quarter.

    November 23
  • CUJ content
    Leader Jailed In Florida Fraud Ring

    ORLANDO, Fla. – The head of a check fraud ring that hit numerous area credit unions and banks was sentenced last week to 20 years in prison after pleading guilty to racketeering, grand theft and forgery.

    November 23
  • CUJ content
    NCUA Approves Two More CU Charters

    ALEXANDRIA, Va. – NCUA reported Friday it approved two new credit union charters last month, making a total of three new credit unions making their debut.

    November 23
  • CUJ content
    Quorum FCU Adds Edcomm’s Online Learning System

    PURCHASE, N.Y. – Quorum FCU said it has deployed Edcomm Banker’s Academy’s Internet-based compliance learning solution.

    November 23
  • CUJ content
    The Golden One CU Insists To Members ‘Hats Off’

    SACRAMENTO, Calif. – In an effort to thwart the growing number of robberies in the region The Golden One CU is telling members as they enter a branch to take their hats off, as well as hoods and sunglasses.

    November 23
  • CUJ content
    Shell FCU Gives One Youth $1,000 To Redo Their Room

    DEER PARK, Texas – Shell FCU is offering one young person $1,000 in a holiday raffle as part of its Redo My Room contest.

    November 23
  • CUJ content
    100 Years Later: St. Mary’s Bank And CU Journal Recreate First Credit Union Transaction

    MANCHESTER, N.H. – America's credit unions mark their 100th anniversary today.

    November 23
  • CUJ content
    Corporates Wrestle With Solution To Growing Losses

    LAS VEGAS – Corporate credit union executives gathered here last week for the regular meeting of the Association of Corporate CUs but were unable to develop a consensus on how to deal with the growing losses–now estimated at upwards of $14 billion–on their mortgage backed securities.

    November 23
  • CUJ content
    Nevada To Beef Up CU And Bank Examinations

    CARSON CITY, Nev. – Faced with growing losses among its credit unions and banks, the state’s Financial Institutions Division said Friday it plans to increase its examiners by 40%, or 10 examiners, and examine each state chartered financial institution at least once every 12 months, and as often as every six months for troubled institutions.

    November 23
  • CUJ content
    Regulators Seize Three More Banks

    WASHINGTON – The FDIC announced Friday night it was closing three more banks, including once high-flying Downey Savings and Loan, one of the biggest bank failures ever with $13 billion in assets.

    November 23
  • CUJ content
    More Troubled CUs Merged Out

    ALEXANDRIA, Va. – NCUA reported Friday it approved 26 more mergers, two-thirds of them involving ailing institutions, including one of a troubled auto workers credit union and another involving a Utah credit union with multi-million dollars in losses.

    November 23
  • CUJ content
    Loan Losses Squeezing CUs

    ALEXANDRIA, Va. — Increasing loan losses in the third quarter forced credit unions to pump up reserves and left them barely in the black, the National Credit Union Administration reported Friday.

    November 21
  • CUJ content
    Rethinking Lending: Challenge Issued to Conventional Thinking About Making Loans

    ORLANDO — Credit unions seeking to boost lending and significantly increase ROA would be wise to do something counterintuitive - significantly slash lending staff, according to one analyst who is reporting robust numbers in credit unions that have done just that.

    November 21
  • CUJ content
    Reports Of Homes Lost To Southern California Fires Trickle In

    SYLMAR, Calif. - The three major fires that raged across Southern California were nearly 100% contained at press time, leaving credit unions with the unpleasant task of identifying which members and employees had lost their homes.

    November 21
  • Corporate credit unions
    NCUA Posts Corporates In Liquidity Guarantee Program

    ALEXANDRIA, Va.-The National Credit Union Administration (NCUA) last Tuesday posted its list of 26 corporate credit unions that are participating in the agency's Temporary Corporate CU Liquidity Guarantee Program (TCCULGP).

    November 21
  • CUJ content
    CEO Confidence Plummets To Four-Year Low

    DALLAS-Credit union CEO confidence plummeted last week, according to the quarterly confidence survey conducted by Southwest Corporate FCU, to its lowest in the four years the survey has been conducted.

    November 21
  • CUJ content
    ON DEADLINE

    CDCUs Seek TARP Cash

    November 21
  • Lending
    Top 10 List (You'll Get Out of Order)

    ORLANDO, Fla. - Brett Christensen offered these ingredients as necessary for the "recipe" for lending success, but stressed he does not rank them in importance as most credit unions would.

    November 21
  • Lending
    The ABC's of D and E

    ORLANDO, Fla. - Brett Christensen offered these tips for D and E Lending:

    November 21
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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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