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Market Intelligence:
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  • Performance reports
    CORRECTION: S1 Earnings Rise

    ATLANTA – A story in the early version of yesterday’s CU Journal Daily Briefing incorrectly reported that earnings declined at S1 Corp. for the second quarter. Earnings rose 4% in the second quarter to $5.1 million, and by 23% for the first six months to $10.3 million.

    August 6
  • Lending
    Acushnet FCU Offers Loans to Finance Winter Heating Cost

    ACUSHNET, Mass. – Acushnet FCU is allowing members to borrow up to $3,000 at 4% interest to help them finance home heating oil purchases for the winter.

    August 6
  • Branch network
    Bethpage FCU Pursues Branch Expansion

    BETHPAGE, N.Y. – Bethpage FCU, which has added 13 new branches over the past four years, is working to create a standardized branch to reflect the credit union’s slogan, “Banking among friends.”

    August 6
  • CUJ content
    Northwest Georgia CU’s Cheryl Huffman Ends 25 Years of CU Service

    ROME, Ga. – Northwest Georgia CU yesterday announced that Cheryl Huffman, its president, is retiring after 25 years with the credit union – where she began work as a teller.

    August 6
  • Texas
    Shell FCU Promotes Chief Operating Officer to CEO Vacancy

    DEER PARK, Texas – Shell FCU yesterday announced it has promoted Jose Rodriguez, its vice president of operations, to be president and CEO of the $325 million credit union.

    August 6
  • CUJ content
    Happy Birthday HR 1151

    WASHINGTON – Credit unions around the country are celebrating today’s 10th anniversary of the signing into law of HR 1151, the CU Membership Access Act, which codified credit unions’ powers to serve multiple groups.

    August 6
  • Performance reports
    Freddie Mac Awash in Red Ink

    McLEAN, Va. – Shares in Freddie Mac, battered for more than a month, slumped further yesterday after the secondary mortgage market giant reported an $821 million second quarter loss – more than three times what analysts expected.

    August 6
  • CUJ content
    Suit Claims CU Posted Account Numbers Online

    ORLANDO, Fla. – A member of Central Florida Healthcare FCU has filed suit against the credit union claiming it posted an internal audit document online for three weeks that showed some members’ Social Security numbers, account numbers and birthdates.

    August 6
  • CUJ content
    Complication Arises in TJX Prosecution: Ringleader is Government Informant

    BOSTON – This week’s charges against 11 individuals in the 2006 hacking of TJX Cos. and several other major retailers may be jeopardized by the fact the alleged ringleader was an informant for the U.S. Secret Service, which relied on him to crack the case.

    August 6
  • CUJ content
    Sex Change Doesn’t Cloud CU Robbery Case

    TUSCALOOSA, Ala. – A federal jury took just 36 minutes yesterday to convict Jimmy Lewis of last November’s robbery at Alabama CU, despite confusing surveillance footage showing the 26-year-old transvestite dressed as a woman, complete with breast augmentation surgery.

    August 5
  • Performance reports
    Earnings Rise at S1 Corp.

    ATLANTA – S1 Corp. yesterday announced its second quarter profit rose almost 4% to $5.1 million, or eight cents a share, fueld by a 7% increase in revenues.

    August 5
  • Performance reports
    Divestitures, Spin Offs Weigh Down Fidelity National Information

    JACKSONVILLE, Fla. – Fidelity National Information Services reported a 51% plunge in second quarter earnings yesterday, to $71.9 million, or 37 cents a share, amid the company’s continuing restructuring.

    August 5
  • CUJ content
    Member Charged With Lifting Cash Envelope Left at CU Counter

    NAPLES, Fla. – A member of Suncoast Schools FCU on Monday was arrested and charged with stealing an envelope containing $1,000 that another member accidentally left behind at the branch in May.

    August 5
  • CUJ content
    Affinity FCU Raises $86,000 for Its Non-Profit Foundation

    BASKING RIDGE, N.J. – Affinity FCU said its annual golf tournament raised more than $86,000 for the credit union’s non-profit charitable foundation, which supports local charities, financial literacy programs, scholarship awards and grassroots outreach activities.

    August 5
  • Technology
    Rogue FCU Auctions Repos Online

    MEDFORD, Ore. – With a big increase in auto repossessions, Rogue FCU is auctioning off its returned or repossessed vehicles on the Internet and elsewhere.

    August 5
  • Technology
    Consumers CU Implements VMware’s Virtualization Suite

    WAUKEGAN, Ill. – Consumers CU said it has deployed VMware Infrastructure, a datacenter virtualization and management suite, as the enterprise-wide business platform for its rapidly expanding operations.

    August 5
  • CUJ content
    NCUA Shutters Start-Up CU

    CHARLESTON, S.C. – NCUA yesterday placed tiny Port Trust FCU – which was chartered less than two years ago – into liquidation.

    August 5
  • CUJ content
    Latino Community CU Outlet to Anchor Neighborhood Revitalization

    WINSTON-SALEM, N.C. – City officials hope the new Latino Community CU branch, which opened here Monday, will help spur the renewal of the Southeast Ward.

    August 5
  • CUJ content
    Sponsor Forces Shedding of Another CU Name

    GOSHEN, Ind. – In another sponsor-forced move, Farm Bureau CU has changed its name to Interra CU after 76 years.

    August 5
  • CUJ content
    Feds Crack TJX Case

    BOSTON – Authorities yesterday said they have charged 11 individuals, most of them foreign nationals, with the 2007 theft of as many as 40 million credit card accounts from TJX Cos., as well as several other card breaches that have cost credit unions around the country millions of dollars to plug.

    August 5
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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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