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Market Intelligence:
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  • M&A
    Credit union mergers planned in Ohio, Mass.

    Both of the credit unions being absorbed posted losses for 2017 and the first half of 2018.

    By Palash Ghosh
    August 28
    Thomas L. Newton, is president and CEO of Dayton Firefighters FCU
  • Checking
    Despite potential new competitors, free checking isn't dead yet

    Free checking peaked nearly a decade ago, but more than half of all credit unions continue to offer it, despite new players fighting for that business.

    By Melissa Angell
    Reporter
    August 28
    Free checking - CUJ 082718.jpeg
  • Natural disasters
    University of Wisconsin Credit Union organizes flood relief program

    The $2.7 billion-asset credit union is mobilizing support for relief efforts following floods in the southern central portions of the Badger State.

    By Palash Ghosh
    August 28
    Soldiers of the 1st Squadron, 105th Cavalry assist local citizens protect their homes from additional flooding by building sandbag walls around property during Aug. 24, 2018 relief efforts near Tenney Park in Madison, Wis. Dane County experienced record rainfall earlier in the week, leading to high water levels in downstream lakes and other bodies of water.
  • My ‘pink slip’ experience (it’s not what you think)

    A recent editing snafu illustrates an important lesson for credit unions using AI and machine learning.

    August 27
    Aaron Passman
    Aaron Passman
    Credit Union Journal
  • It's past time to overhaul overdraft

    The service can be useful for customers short on cash, but financial institutions need to clarify overdraft rules and develop alternative forms of credit.

    August 27
    Thaddeus King
    Thaddeus King
    The Pew Charitable Trusts
  • Succession planning
    Southern Federal Credit Union CEO to retire after 36 years at the helm

    Jeanne Walker will leave Houston-based Southern Federal Credit Union later this year, with Credit Union Resources leading the search for a successor at the $93 million-asset institution.

    By Palash Ghosh
    August 27
    Jeanne Walker, second from left, will retire later this year from Southern Federal Credit Union in Houston, which she has led for the last 36 years. Pictured along with her are (from left): Jeff Huffman (president, Texas CU Association), Walker; Kenny Harrington (CEO of MemberSource CU, Houston), Angela McCathran (CEO of People’s Trust FCU, Houston), Congressman Filemon Vela (D-Tex.), Steve Gilman (CEO of Houston Texas Fire Fighters FCU, Houston), and Craig Atkinson (CEO of Houston Highway CU, Houston) Source: Cornerstone CU League
  • Growth strategies
    Competition heats up: Credit unions in the community

    Celebrating the winner of the 2018 Credit Union Chili Challenge, and a host of other ways credit unions are taking part in community events and making a difference.

    By Michael Bartlett
    August 24
    SchoolsFirst CU - CUJ 082418.jpg
  • It's time for credit unions to embrace marketing automation

    Now is the time for credit unions to recognize the potential for marketing automation and the profound impact it could have on their business.

    August 24
    Jeffrey Shood
    Jeffrey Shood
    Intuvo
  • Business administration
    CUJ Q&A: Daryl Newell's path from the gridiron to credit unions

    In an exclusive CUJ Q&A, Seaway President Daryl Newell reflects on transitioning from banks to credit unions, shares what football can teach about leadership and offers a few picks for the upcoming pro and college football seasons.

    By Melissa Angell
    Reporter
    August 24
    Daryl Newell is president of Seaway, a division of Self-Help Federal Credit Union. He is pictured here in his office.
  • Layoffs
    A job for life? Why credit union layoffs rarely occur

    While layoffs are a regular part of life in much of the workforce, that's not generally the case at credit unions. But analysts say there are multiple factors contributing to that, and it takes a strategy to ensure stability.

    By Palash Ghosh
    August 24
    layoffs cover slide - CUJ 082418.jpg
  • Workplace management
    New hires aimed at improving member service

    Two credit unions both tapped new senior vice presidents of member experience and more new hires, promotions and appointments.

    By Palash Ghosh
    August 23
    stars1.jpg
  • Regulatory reform
    Senate Banking advances CFPB nominee over Dem objections

    Credit union groups are praising the committee's approval of Kathy Kraninger's nomination to head the Consumer Financial Protection Bureau in the face of strong Democratic opposition. Nominations for other positions also moved forward.

    By Neil Haggerty and Hannah Lang
    August 23
    Kraninger-bl071918.jpg
  • Turning the ship around

    After working to restore profitability and re-instituting growth policies, one CEO looks back on what it took to help a credit union change course.

    August 23
    Tim McLeod
    Tim McLeod
    Riverfront FCU
  • Core conversions
    Kern Schools FCU converts core processor

    The Bakersfield, Calif.-based credit union has successfully completed a conversion to Symitar's Episys core platform.

    August 23
    Ted Bilke, president of Symitar
  • Diversity and equality
    CUJ Q&A: Sheilah Montgomery on leadership, diversity and what's to come

    A founding member of the African-American Credit Union Coalition and winner of that group's 2018 Pete Crear Lifetime Achievement award, Montgomery reflects on her credit union journey and her hopes for the future.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    August 23
    Sheilah Montgomery, retired president and CEO of 1st Choice Credit Union and CU of Atlanta, and a founding member of the African-American Credit Union Coalition.
  • Natural disasters
    Hawaiian credit unions closing doors as Hurricane Lane bears down

    With a rare central Pacific storm set to bring as much as 20 inches of rain on the Big Island, credit unions across the state are shutting down, following the lead of schools, state employees and more.

    By Michael Bartlett
    August 23
    The view of Waikiki from Diamond Head in Hawaii
  • Growth strategies
    Banding together for veterans: Credit unions in the community

    Another look at how credit unions are giving back and making a difference in the communities they serve.

    By Michael Bartlett
    August 22
    Indiana 070618.jpg
  • CUSOs
    In suing PSCU, credit union alleges ‘significant reputational harm’

    A Maryland-based credit union is suing the nation's largest CUSO in a dispute related to call center services provided by PSCU.

    By Palash Ghosh
    August 22
    CU-CUSO lawsuit - CUJ 082218.jpg
  • Lending
    Credit union lending strategies for a rising interest rate environment

    During the recent Online Discovery Conference from CUNA Mutual Group, one analyst offered a series of tips for how credit unions can make the most of lending in a changing interest rate environment.

    By Palash Ghosh
    August 22
    Robert Larson is financial consultant at CUNA Mutual Group
  • Succession planning
    Paul Gentile to leave Cooperative CU Assc. for credit union post

    Cooperative Credit Union Association President and CEO Paul Gentile is set to take over at Merck Employees FCU later this fall.

    By Palash Ghosh
    August 22
    Paul Gentile is the president and CEO of Merck Employees Federal Credit Union in Rahway, NJ and the chairman of America’s Credit Union Museum
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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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