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Market Intelligence:
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Research
  • CUJ content
    Coffers Swell at Alaska CUs After Annual State Dividend

    ANCHORAGE, Alaska – The state’s 12 credit unions were inundated Friday, as they are every year at this time, with new deposits, as the state paid its residents $1.6 million worth of annual Permanent Fund Dividends and “resource rebates.”

    September 14
  • CUJ content
    Losses Mount For NCUSIF

    ALEXANDRIA, Va. – NCUA said losses for the National CU Share Insurance Fund continued to grow in July, as the credit union deposit insurance fund reported its biggest single-month loss ever of more than $225 million.

    September 14
  • CUJ content
    More Ailing CUs Seek Merger Solution

    ALEXANDRIA, Va. – Red ink is forcing more credit unions into the arms of a merger mate, as increasing numbers of troubled credit unions have announced plans to combine in recent weeks.

    September 14
  • CUJ content
    Key Player in TJX Breach Pleads Guilty

    BOSTON – One of 11 individuals charged in the data breach at TJX Cos. and numerous other retail chains last Thursday pleaded guilty to his role in the largest-ever theft of credit card information.

    September 14
  • Pennsylvania
    ABA Seeks CU Narrowing in Pennsylvania

    Three Pennsylvania credit unions granted community charters would return to serving only specific groups under an American Bankers Association proposal to a federal court in Harrisburg.

    September 12
  • Performance reports
    Mortgage Markets Rebound After Fannie, Freddie Takeover

    WASHINGTON - Credit unions were dipping their feet back into the secondary mortgage markets last week after the federal government takeover of financially troubled Fannie Mae and Freddie Mac, while prospects for billions of dollars in credit union investments in the two companies were brightening.

    September 12
  • CUJ content
    Maine's KV FCU To Convert In Order To Merge With Local Bank

    KENNEBEC, Maine - In a new permutation of a credit union conversion to bank, officials of KV FCU have tentatively agreed to merge into nearby Kennebec Savings Bank, a venerable thrift that traces its roots back to 1870.

    September 12
  • CUJ content
    Journal, St. Mary's To Re-Enact 1st CU Transaction

    MANCHESTER, N.H. - On Nov. 24, 1908, in a first floor office of a three-story, hillside house on Notre Dame Ave. that overlooked the local textile mills, Joseph Boivon accepted the very first deposit into America's very first credit union.

    September 12
  • CUJ content
    CU Uses Half Its Marketing Budget On 'Wrapped' Cars For 17 Employees

    WEST MIFFLIN, Penn. - Every time United Community FCU employees drive to work, pick up the kids from school, and stop by the supermarket, they're promoting the credit union.

    September 12
  • CUJ content
    LA Financial Teams With Non-Profit To Help Build Membership

    PASADENA, Calif. - LA Financial FCU has agreed to a three-year, co-branded partnership with community service organization Operation HOPE that aims to expand membership opportunities in an underserved area of Los Angeles.

    September 12
  • CUJ content
    ON DEADLINE

    Ike Forces Evacuations, Branch Closures

    September 12
  • CUJ content
    BECU Is Gearing Up To Help Members During Boeing Strike

    TUKWILA, Wash. - The International Association of Machinists Workers has gone on strike against management of aircraft manufacturer Boeing, prompting BECU to activate its Member Assistance Program.

    September 12
  • CUJ content
    FFIEC: HMDA Data Still Shows Redlining

    WASHINGTON - The Federal Financial Institutions Examination Council released the 2007 Home Mortgage Disclosure Act (HMDA) expressing concern that differences in price and approvals among various ethnic groups continues.

    September 12
  • Lending
    Alternative Mortgage Plans Are Floated

    TAMPA, Fla. - A troubled mortgage market marked by tighter underwriting standards and increased foreclosures has led to a number of alternatives being proposed to traditional mortgages.

    September 12
  • Performance reports
    The Secret To ADM CU's Success In The Heartland: Keeping It Simple

    DECATUR, Ill. - Sometimes keeping it simple can pay huge dividends.

    September 12
  • CUJ content
    WORTH NOTING

    CUES Updates Merger Guide

    September 12
  • CUJ content
    NOW IN THE MARKET

    FirstClose Signs Arizona State CU

    September 12
  • Lending
    Illinois CUs Agree To Fill Student Loan Gap

    SPRINGFIELD, Ill. - Eight credit unions have agreed to help plug the growing hole in student loan funding by investing $100 million in securities to fund new Stafford loans for Illinois students.

    September 12
  • CUJ content
    CALENDAR

    SEPTEMBER

    September 12
  • It's (NCUA's) CSI: Credit Union At Failed, Paper-Based CU

    I wouldn't look for a show called "CSI: Credit Union" on television anytime soon, but that's not because it wouldn't be Must-See TV.

    September 12
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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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