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Market Intelligence:
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Research
  • Lending
    Mortgage Crisis Leads To New Approaches To Lending For CUs

    ORLANDO, Fla.– Credit unions in several of the most troubled mortgage markets in the country are tightening certain underwriting standards, changing policies, adding new analytics and even finding some new avenues to lend.

    November 5
  • CUJ content
    2008 Elections Set New High For CU Contributions

    WASHINGTON – Credit unions poured almost $7 million into this year’s elections, topping the previous high by almost $1 million.

    November 5
  • CUJ content
    Some Key CURIA Co-Sponsors Fall

    FARMINGTON HILLS, Mich. – Eight-term Rep. Joe Knollenberg lost a bid for a ninth term to Democrat state Lottery Commissioner Gary Peters, one of several strong credit union supporters and sponsors of the CU Regulatory Improvements Act to lose their House seats yesterday.

    November 5
  • CUJ content
    Congressional CU Champion Kanjorski Holds On

    WILKES BARRE, Penn. – Democrat Paul Kanjorski, the sponsor of key credit union legislation in Congress, survived a close race yesterday to win a 13th term in the House.

    November 5
  • CUJ content
    CU Card Pilot Another Casualty Of Financial Crisis

    FRAZER, Penn. – Organizers of a credit union-owned payment card have postponed the pilot of the secure card until next year, while they work to raise money for the project in a very difficult financing environment.

    November 4
  • Performance reports
    Earnings Decline At Jack Henry

    MONNETT, Mo. – Jack Henry & Associates reported yesterday that net income for its fiscal first quarter declined 4%, to $22.5 million, or 26 cents a share, as income from continuing operations fell by 5%.

    November 4
  • CUJ content
    Thieves Rip ATM Out Of The Wall

    BELLINGHAM, Wash. – A Whatcom Educational CU ATM was yanked out of a building on the Whatcom Community College campus in the early Tuesday morning, severely damaging the machine, but no money was stolen.

    November 4
  • CUJ content
    SELCO Community CU Awards 122 Educational Grants

    EUGENE, Ore. – 2008—SELCO Community CU announced yesterday it has awarded 122 mini-grants of up to $250 each for a total of $29,502 to classrooms in the credit union’s service areas.

    November 4
  • CUJ content
    Mega-Merger Creates Wisconsin’s Largest CU

    MADISON, Wis. – Summit CU said yesterday it has completed its merger with Great Wisconsin CU, formerly CUNA CU, creating the state’s largest credit union, with almost $1.3 billion in assets.

    November 4
  • CUJ content
    Navy FCU Floats More New Branches

    AUGUSTA, Ga. – Navy FCU this week opened a new branch here to members in the serve the Fort Gordon area, the 23rd new branch opened by the credit union giant this year.

    November 4
  • CUJ content
    NCUA Charges Manager With Plundering Tiny CU

    WICHITA FALLS, Texas – NCUA claims the manager of TexDot-WF FCU looted as much as two-thirds of the assets of the tiny credit union through phony loans, forcing the federal regulator to shutter the 55-year-old credit union last month.

    November 4
  • CUJ content
    Price Protectr Piloted By Patelco CU

    SAN FRANCISCO – Patelco CU unveiled a link Nov. 1 to Price Protectr, an online site that monitors for shoppers when a product they have purchased is reduced in price, enabling them to recapture the difference.

    November 4
  • Kentucky
    Kentucky Outlaws Community Charters

    The Kentucky Court of Appeals has ruled that six state-chartered credit unions with community charters will not be permitted to expand their fields of membership.

    November 4
  • Performance reports
    MasterCard Posts Loss On Antitrust Settlement

    PURCHASE, N.Y. – MasterCard yesterday reported a third quarter loss of $193.6 million due to a $515.6 million after-tax charge for its share of a settlement of an antitrust suit with Discover Financial.

    November 3
  • Technology
    MidFlorida FCU Upgrades TotaleAtlas Document Management

    LAKELAND, Fla. – MidFlorida FCU said yesterday it has upgraded to its browser-based TotaleAtlas solution, provided by Integrated Media Management, for electronic signature capture and more efficient document preparation.

    November 3
  • CUJ content
    Erie Police FCU Adds TRC Interactive’s Online Training Solution

    ERIE, Penn. – Erie Police FCU said it has chosen TRC Interactive, Inc., to provide it with Internet-based instruction through CreditUnionTrainingOnline.

    November 3
  • CUJ content
    Apple FCU Opens Third Branch In 2008

    FAIRFAX, Va. – Apple FCU is teaming with a local radio station to celebrate the opening of its newest branch in nearby Chantilly, its third branch opening this year.

    November 3
  • CUJ content
    Memphis Area Teachers CU Signs Insurance Deal With Southwest Business

    MEMPHIS, Tenn. – Memphis Area Teachers CU said yesterday it is now offering members auto and home insurance products through a deal with Southwest Business Corp.

    November 3
  • CUJ content
    City & County CU Awarded $1.9 Million Judgment Against Business Owner

    ST. PAUL, Minn. – A state court has awarded City & County a $1.9 million judgment against a local business owner who defaulted on loans for a Cambodian restaurant and other businesses in the city’s Frogtown district.

    November 3
  • CUJ content
    North Side Community FCU Gets Grant To Refi Subprime Car Loans

    CHICAGO – North Side Community FCU was awarded a $35,000 Innovation Grant from the National CU Foundation to help the community development credit union refinance subprime auto loans for its members.

    November 3
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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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