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Market Intelligence:
AI
Payments
Research
  • CUJ content
    Foggy Future

    SAN FRANCISCO-Credit unions from the Golden and Silver States will be meeting here this week, with a backdrop of two state economies generating neither much gold nor much silver.

    October 31
  • Corporate credit unions
    Another Corporate Reports Losses Tied To Lehman Brothers

    DALLAS – Southwest Corporate FCU said yesterday it wrote off $24.7 million of unsecured debt it held in Lehman Brothers Holdings, the second corporate in as many weeks to take a charge related to the bankrupt brokerage.

    October 30
  • CUJ content
    Firefighter CUs Form New Group

    COCONUT GROVE, Fla.– Credit unions that serve firefighters have formed a new group called The Coalition of Firefighter CUs.

    October 30
  • CUJ content
    MasterCard’s PayPass Can Now Be Loaded Remotely On Cellphones

    PURCHASE, N.Y. – MasterCard announced yesterday its Over-the-Air Provisioning Service will allow credit unions and banks to load their customers’ cellphones with technology enabling them to use their phones as contactless PayPass devices.

    October 30
  • Performance reports
    Online Resources Reports A Loss For Its Third Quarter

    CHANTILLY, Va. – Online Resources Corp. said it fell into the red for the third quarter to the tune of $1.5 million, or five cents a share, compared to a profit of $1.1 million, or four cents a share, for the same period last year.

    October 30
  • Performance reports
    Diebold Third Quarter Earnings Rise

    NORTH CANTON, Ohio – ATM maker Diebold said yesterday that third quarter profits surged 65% due to a healthy increase in revenues and it’s ongoing cost-cutting.

    October 30
  • CUJ content
    Heritage USA FCU Signs With Open Solutions

    MIDLAND, Texas – Heritage USA FCU, a $38 million institution, said it has signed with Open Solutions Inc. to implement the company’s The Complete Credit Union Solution, the standard market edition, core processing system.

    October 30
  • CUJ content
    Sandia Laboratory FCU Expands Into New Community

    ALBUQUERQUE, N.M. – Sandia Laboratory FCU said it has hired LEVEL5 of Atlanta to help design a new branch and branding strategy for its expansion into the nearby community of Los Lunas.

    October 30
  • CUJ content
    Financial Crisis Is Breaking The Bank At NCUA

    ALEXANDRIA, Va. – NCUA is planning to increase spending next year by 15%, the highest in more than a decade, as it hires dozens of new examiners and takes other steps to deal with the growing financial turmoil in the industry.

    October 30
  • Lending
    Mortgage Rates Continue To See-Saw, Rise Sharply This Week

    McLEAN, Va. – Long-term mortgage rates rose again this week, after falling the week before, according to Freddie Mac.

    October 30
  • Lending
    Housing Group Would Direct NCUA Loans To Refinance Distressed Mortgages

    SEATTLE – A group of credit unions calling themselves the Credit Union Housing Roundtable has called on NCUA to make $1 billion of low-cost loans available to help consumers refinance troubled mortgage loans.

    October 30
  • CUJ content
    Police Say Ex-CUJ Reporter Burger Murdered Former Partner

    BOYNTON BEACH, Fla.--Police here have concluded that Carol Anne Burger, the former Credit Union Journal reporter who also was affiliated with numerous credit union organizations, committed suicide over the weekend after murdering her former partner.

    October 29
  • CUJ content
    Old Time CU Hands Set Up Washington Consultancy

    WASHINGTON – Former NCUA Board member Geoff Bacino resigned from the Federal Housing Finance Board this week and said he is opening up a consultancy firm with his associate Jonathan Lindley, a long-time credit union lobbyist.

    October 29
  • CUJ content
    Marshland CU Acquires Troubled Southeast Georgia Health System FCU

    BRUNSWICK, Ga. – Marshland CU announced yesterday it will acquire tiny Southeast Georgia Health System FCU that has reported losses over the past two years.

    October 29
  • CUJ content
    Greylock FCU Pledges $90,000 To Charity

    PITTSFIELD, Mass. – Greylock FCU has committed $90,000 over a five-year period to assist one local organization that supplies fuel assistance, and another that provides nutrition for senior citizens.

    October 29
  • CUJ content
    University Of Wisconsin CU Raises $250,000 For UW

    MADISON, Wis. – A matching fund-raising effort by University of Wisconsin CU has raised $250,000 for the University’s need-based scholarships program.

    October 29
  • Corporate credit unions
    Michigan First CU Launches At-Home Deposits

    LATHRUP VILLAGE, Mich. – Michigan First CU has introduced at-home scan and deposits, allowing members and businesses to scan checks from home or the office and directly deposit them into a Michigan First savings or checking account.

    October 29
  • Technology
    Washington State Employees CU Converts To ShoreTel Phone System

    OLYMPIA, Wash. – Washington State Employees CU said it has replaced its Avaya communications system with ShoreTel’s Enterprise Contact Center multimedia Internet protocol-based software and ShoreWare Director, a centralized Web-based network management interface.

    October 29
  • CUJ content
    Family First FCU Doubles Credit Card Rewards For The Holidays

    OREM, Utah – Family First FCU said it is putting more money in its members' wallets this holiday season by offering double rewards points on purchases made with a Family First VISA credit card during November and December.

    October 29
  • Performance reports
    DFCU Financial To Pay Another $17 Million Dividend

    DEARBORN, Mich. – DFCU Financial CU announced yesterday it plans to pay members a $17 million dividend for the third year in a row.

    October 29
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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.

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