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Market Intelligence:
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  • CUJ content
    SAFE FCU Implements Instant Card Issuing at Branches

    SUMTER, S.C. – SAFE FCU yesterday said it has signed with Dynamic Card Solutions to install the company’s CardWizard instant card issuing machines at its branches.

    August 12
  • CUJ content
    Special Opportunity Offered to Respond to Members’ Safety Concerns

    WEST PALM BEACH, Fla. – Credit unions now have an effective means of responding to member concerns over the safety of their savings.

    August 12
  • Performance reports
    Losses Continue at Cardtronics

    HOUSTON – Cardtronics Inc., which has emerged as the leading provider of ATM services for credit unions, reported a $3.4 million loss for the second quarter, or nine cents a share, even as revenues continued to surge.

    August 12
  • CUJ content
    Massachusetts Gives State Charters Parity With Federal CUs

    BOSTON – About 100 state chartered credit unions this week received expanded powers to offer additional loans and services under a new law giving them parity with federal charters.

    August 12
  • Lending
    Power Sought to Charge Prepayment Fees

    ALEXANDRIA, Va. – Credit unions are calling on NCUA to allow them to charge prepayment penalties on member business loans, a practice that currently is prohibited by NCUA.

    August 12
  • CUJ content
    Human Rights Commission Finds Rainbow FCU Guilty of Discrimination

    AUGUSTA, Maine – The Maine Human Rights Commission on Monday found that Rainbow FCU discriminated against a disabled job applicant when it refused to consider her for a teller job last year.

    August 12
  • Performance reports
    Profits Fall at DealerTrack

    LAKE SUCCESS, N.Y. – DealerTrack Holdings, a provider of indirect lending solutions, yesterday said net income for its second quarter declined by 50% to $3.1 million, or seven cents a share.

    August 11
  • Performance reports
    Diebold Reports Lower Profits, Continued Plant Closings

    NORTH CANTON, Ohio – ATM and voting machine maker Diebold Inc. yesterday said its second quarter earnings dropped 5% to $25.6 million, or 38 cents a share, due to manufacturing and supply chain restructuring charges and work force reduction costs.

    August 11
  • Branch network
    Montgomery County Employees FCU Moves Headquarters

    GERMANTOWN, Md. – Montgomery County Employees FCU yesterday moved its offices from the Washington suburb of Rockville, Md., to nearby Germantown.

    August 11
  • CUJ content
    Leominster CU Donates $40,000 to Local Hospital

    LEOMINSTER, Mass. – Leominster CU contributed $40,000 to the Clinton Hospital Partnership Program, which supports the Clinton Hospital.

    August 11
  • Technology
    Wescom CU Offers Online Banking Security to Other CUs

    PASADENA, Calif. – Wescom CU yesterday announced that its Wescom Resources Group CUSO has signed with TraceSecurity to offer the company’s security testing to other credit unions.

    August 11
  • Technology
    TruWest CU Launches Digital Dialogue’s Online Knowledge Base Tool

    TEMPE, Ariz. – TruWest CU yesterday said it has implemented Digital Dialogue’s DigiKnow, an online tool that centralizes data for staff and members.

    August 11
  • Lending
    Orange County’s CU Implements MortgageFlex Online Origination System

    SANTA ANA, Calif. – Orange County’s CU has installed MortgageFlex Systems’ Internet-based mortgage loan system, called LoanQuest.

    August 11
  • Technology
    CoastHills FCU Installs Digital Signs from Captive Indoor Media

    LOMPOC, Calif. – CoastHills FCU yesterday announced it has completed the installation of digital signs and software from Captive Indoor Media, known as Codigo, at seven of its branches.

    August 11
  • Technology
    Texas Dow Employees CU Launches ‘Young & Free’ for Gen Yers

    LAKE JACKSON, Texas – Texas Dow Employees CU yesterday rolled out a new package of financial management tools targeted at members between 19 and 25 years old, so-called Generation Y.

    August 11
  • CUJ content
    Christian Community CU Affinity Card to Help Fund Missionary Work

    SAN DIMAS, Calif. – Christian Community CU yesterday announced an affinity card deal with Mission Aviation Fellowship aimed at generating thousands of dollars to help fund missionary work in Third World countries.

    August 11
  • CUJ content
    Longtime CU Figure John Ruffin Retires

    WARNER ROBINS, Ga. – John Ruffin, a former top NCUA executive who has been running Robins FCU the past five years, announced his retirement yesterday after 37 years in the credit union business.

    August 11
  • CUJ content
    Former Sunshine State CU Makes Quick Entry Into Public Markets

    TALLAHASSEE, Fla. – Just after a year after converting to a mutual saving bank, Sunshine Bancorp, the former Sunshine State CU, has filed to raise as much as $10.7 million in an initial stock offering.

    August 11
  • CUJ content
    Members to Vote on Mega Merger

    OAKLAND, Mich. – Members of T&C FCU are expected to approve the merger of the one-time General Motors credit union with Auburn Hills-based USA CU tonight, creating the state’s fourth-largest credit union with more than $1.2 billion in assets.

    August 11
  • CUJ content
    'Beer Belly Bandit' Sought in CU Robberies

    PORTLAND, Ore. – A heavyset man with a protruding belly who robbed Rivermark CU here Friday morning is believed to be the same assailant who held up at least two other area credit unions since May, authorities said.

    August 10
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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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