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Market Intelligence:
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  • Branch network
    Apple FCU to Harvest Four New Branches

    FAIRFAX, Va. – Apple FCU, which serves the area’s education community, will open a new branch in nearby Vienna Thursday, the second of four new facilities planned for this year.

    September 2
  • Branch network
    Independent FCU Hires LEVEL5 to Design New Headquarters

    ANDERSON, Ind. – Independent FCU yesterday said it has signed with LEVEL5 design and build its new main office and combined retail branch.

    September 2
  • Technology
    Elevations CU Deploys GMT Planet Workforce Management System

    BOULDER, Colo. – Elevations CU yesterday said it has implemented GMT Planet, a workforce and performance management solution to improve its contact service levels.

    September 2
  • Lending
    Deteriorating Mortgage Market Weighs Down U.S. Central

    LENEXA, Kan. – U.S. Central FCU reported the continuing decline in the mortgage market created larger losses in its portfolio of mortgage backed securities, even as it eliminates increasing amounts from market value evaluations.

    September 2
  • Technology
    Computer Snafu Mars Norlarco Integration

    DENVER – Hundreds of debit cards were rendered inoperable and phone lines were jammed yesterday when Public Service CU moved to convert data processing for the former members of Norlarco CU.

    September 2
  • CUJ content
    NCUA Examiner Challenges Union Contract

    WASHINGTON – A long-time NCUA examiner has filed suit against the federal agency and its examiners’ union, the National Treasury Employees Union, claiming the year-old contract the two sides entered into violates federal worker rules.

    September 2
  • CUJ content
    New Charter Lets Self-Help Expand to California

    DURHAM, N.C. – The Center for Community Self-Help, which operates the nation’s most prominent community development credit union, yesterday said it was granted a charter by NCUA to develop a new federal credit union that will allow it to offer financial services in California and elsewhere outside its home state.

    September 2
  • Technology
    California Lawmakers Pass CU-Backed Data Security Bill, Again

    SACRAMENTO, Calif. – The California state legislature yesterday overwhelmingly approved a data security bill largely crafted by credit unions for the second year in a row, hoping that Gov. Arnold Schwarzenegger will not veto it, as he did last year.

    September 2
  • Branch network
    U of Iowa Community CU Builds new Home

    IOWA CITY – University of Iowa Community CU is planning to build a 30,000 square-foot headquarters and branch in the northeast corner of the city.

    September 1
  • Branch network
    Resources FCU Buys 27 Opteva ATMs from Diebold

    BRIDGEWATER, N.J. – Resources FCU said last week it has acquired 27 Opteva advanced functionality ATMs from Diebold.

    September 1
  • Lending
    Altier CU Pays Rebates on Auto Loans

    TEMPE, Ariz. – Altier CU is offering members and non-members up to 1.25% of a loan back in cash as part of a new or used auto loan.

    September 1
  • CUJ content
    State Employees' CU Signs Ten-Year Extension with Visa

    RALEIGH, N.C. – State Employees CU said Friday they have renew a long-term card branding deal with Visa for another 10 years, through 2018.

    September 1
  • CUJ content
    Numerica CU Awards $1,500 for 'Financial Want' Essay

    SPOKANE, Wash. – Numerica CU awarded $1,500 to a local business owner in an essay contest asking "What do you want?"

    September 1
  • CUJ content
    Black Hills FCU Supplies Students for School Year

    RAPID CITY, S.D. – Representatives of Black Hills FCU and area educators distributed more than 50,000 donated school supplies last week as part of the credit union’s annual school supply drive.

    September 1
  • CUJ content
    Billings FCU Helps Local Motorists Fill Up on Gas

    BILLINGS, Mont. – Drivers began lining up at just after midnight Thursday to take advantage of the $1.81-a-gallon gas special at the Kwik Way station–a courtesy of Billings FCU.

    September 1
  • CUJ content
    Insight Financial CU Replaces Top Execs

    ORLANDO, Fla. – Insight Financial CU announced Friday it had removed its two top executives and named named Richard Simonton, its chief financial officer, as president and CEO.

    September 1
  • CUJ content
    NCUA Claims Insider Looting Sunk New Jersey CU

    GLEN ROCK, N.J. – NCUA charged in federal court that former executives and directors of Peoples First Choice FCU siphoned millions of dollars from the one-time $25 million credit union, forcing it into the arms of the federal regulator amid a $5 million loss, one of the biggest losses in the country last year.

    September 1
  • CUJ content
    More Troubled CUs Merged Out

    SACRAMENTO, Calif. – The Golden 1 CU said last week that NCUA had helped it acquire ailing 1st United FCU, one of several troubled credit unions seeking merger mates.

    September 1
  • CUJ content
    Another Ailing CU Takes Flight From Bankrupt Sponsor

    HONOLULU – Aloha Airlines FCU, whose corporate sponsor filed for bankruptcy in March, was approved by NCUA for a so-called TIP charter allowing it to serve any and all air industry employees in Hawaii.

    September 1
  • CUJ content
    Community Development CUs Get $5.6 Million in Federal Funding

    WASHINGTON – Fourteen credit unions and affiliated organizations were awarded more than $5.6 million in funding last week from the Treasury Department’s Community Development Financial Institutions program, up slightly from last year’s $5.3 million in awards.

    September 1
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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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