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Market Intelligence:
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  • CUJ content
    Northeast Community CU To Be Merged Into Haverhill Bank

    HAVERHILL, Mass. – In the first deal of its kind in Massachusetts, members of Northeast Community CU have approved the merger of the $95 million credit union into nearby Haverhill Bank.

    October 21
  • CUJ content
    More Troubled CUs Merged Out

    ALEXANDRIA, Va. – NCUA reported yesterday it approved another 21 mergers, almost all of them of troubled institutions.

    October 21
  • CUJ content
    Red Ink Washes Through More Big CUs

    PHOENIX – More large credit unions are reporting big losses for the third quarter, especially in the nation’s most troubled real estate markets.

    October 21
  • CUJ content
    Florida Gulf Coast Real Estate Bust Tied To CU Scheme

    FT. MYERS, Fla. – The collapse in real estate values in three Florida Gulf Coast counties, bringing thousands of foreclosures and pushing dozens of credit unions and banks into the red, is being partially blamed on an ill-fated credit union-backed real estate scheme.

    October 21
  • CUJ content
    ATM Bandits Smoked Out

    SANTA CLARITA, Calif. – A team of thieves tunneled through a sports equipment store early yesterday morning trying to break to the ATM at the Lockheed CU branch but were thwarted by their own plans.

    October 20
  • CUJ content
    Credit Union 24 Signs Prepaid Cards Deal With Member Access Pacific

    TALLAHASSEE, Fla. – Credit Union 24 said yesterday is has contracted with marketing partner Member Access Pacific to offer a low-cost and customizable prepaid card solution to credit unions.

    October 20
  • Technology
    Alaska USA FCU Adds Fundtech’s ACH Processing System

    ANCHORAGE, Alaska – Alaska USA FCU said it has implemented Fundtech Ltd.’s ACH processing system, known as ACHplus.

    October 20
  • Technology
    Scott CU Installs FICS’ Online Mortgage Loan App

    COLLINSVILLE, Ill. – Scott CU said it has implemented a new online mortgage loan application system introduced by Financial Industry Computer Systems, Inc.

    October 20
  • Technology
    FedChoice’s ‘Online Concierge’ Helps Members Through The Stage Of Life

    ROCKVILLE, Md. – FedChoice FCU has launched a gateway to its website designed to help members make informed financial plans through the various stages of the life cycle.

    October 20
  • CUJ content
    Tower CU Cuts Out The Dealer In Used Car Financing

    WAUSAU, Wis. – Tower CU staged a used car sale of a different kind, one that allowed private sellers to show and sale their vehicles at the credit union’s parking lot, with the help of a dealer.

    October 20
  • CUJ content
    America First CU To Acquire Ailing Intermountain CU

    SALT LAKE CITY – Intermountain CU, a $41 million credit union suffering from declining income and troubled mortgage loans, will ask its members next week to approve a merger into America First CU, the state’s largest credit union.

    October 20
  • Performance reports
    Big Third Quarter Losses For CUs

    TAMPA, Fla. – Credit unions across the country began reporting third quarter financials, showing increasing losses at many credit unions, especially in the hard-hit California, Nevada, Arizona and Florida markets.

    October 20
  • CUJ content
    CUNA Prepares For Election Day With Focus On Open House Seats

    WASHINGTON – CUNA has been pouring tens of thousands of dollars into open House races, those where no incumbent is running, as the campaigns approach the final days of the congressional elections.

    October 20
  • CUJ content
    Congressional CU Champion Paul Kanjorski May Need Rescuing

    WILKES BARRE, Penn. – Credit union volunteers are actively raising campaign funds, manning phone banks and fanning out through the state’s 11th District in an effort to save Congressman Paul Kanjorski, the sponsor of key credit union legislation, who is trailing his Republican opponent in a bid for a 13th term, less than three weeks from election day.

    October 20
  • CUJ content
    Two High School Students Sought In Tenet CU Hold-Up

    LAUDERDALE LAKES, Fla. – Authorities are hunting for two teenagers they say robbed Tenet CU Friday morning while they were supposed to be in school.

    October 19
  • CUJ content
    Former Delco Postal CU Leader Passes

    UPPER DARBY, Penn. – Delco Postal CU announced last week the passing of its former president Joseph Kadish, at 87, of heart failure.

    October 19
  • Technology
    TIC FCU Deploys TotaleAtlas Solutions

    COLUMBUS, Ga. – TIC FCU reported Friday it has implemented Integrated Media Management’s TotaleAtlas and TotaleReceipts systems to help its automated member transactions at its seven dialogue branches.

    October 19
  • CUJ content
    O Bee CU Helps Navigate 'Amazing Money Maze'

    TUMWATER, Wash. – O Bee CU has come up with a different way to teach kids about finances while having fun.

    October 19
  • Branch network
    iQ CU Plans New HQ

    VANCOUVER, Wash. – iQ CU has acquired a former bank building in the downtown which it is renovating into a new headquarters.

    October 19
  • CUJ content
    Credit Union 1 To Absorb Two Small CUs

    RANTOUL, Ill. – Credit Union 1, the biggest credit union in central Illinois, said it has agreed to acquire two tiny credit unions, Douglas CU and J.W. Hobbs CU.

    October 19
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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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