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Market Intelligence:
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  • CUJ content
    ESL FCU Helps Plot Downtown Rochester Revival

    ROCHESTER, N.Y. – City and county officials yesterday joined representatives of ESL FCU in breaking ground on the credit union’s $50 million headquarters, the center of a downtown restoration planned for this economically distressed outpost in upstate New York.

    July 30
  • Performance reports
    Zix Corp. Reports Second Quarter Loss

    DALLAS – Zix Corp., provider of e-mail encryption services for dozens of credit unions and banks, said second quarter losses narrowed to $1.4 million, or two cents a share, from a loss of $3.1 million for the second quarter last year.

    July 30
  • CUJ content
    Korean Firm Acquires ATM Maker Triton

    JACKSON, Miss. – Dover Corp. yesterday said it has agreed to sell ATM manufacturer Triton Systems of Delaware to Nautilus-Hyosung of South Korea.

    July 30
  • CUJ content
    Visa Charges Ahead

    SAN FRANCISCO – Cards giant Visa reported a 41% surge in second quarter earnings yesterday, as more money changed hands using its credit and debit cards – particularly outside the United States.

    July 30
  • Lending
    Seattle Metropolitan CU Goes Green

    SEATTLE – Seattle Metropolitan CU said it has introduced “green loans,” which offer discounts on auto loans for fuel-efficient vehicles, home loans for certified green homes and equity loans for energy efficiency upgrades.

    July 30
  • Branch network
    New CU Home to Resemble Historic Railroad Depot

    DURAND, Mich. – SageLink CU yesterday broke ground on a new headquarters that will resemble a railroad depot, in recognition of the city’s background as a railroad center.

    July 30
  • CUJ content
    Senate Seeks Probe of Card Interchange Fees

    WASHINGTON – Three key senators yesterday asked for a federal study into the structure of credit card interchange fees, in hopes of settling the ongoing battle between merchant and banks and credit unions.

    July 30
  • CUJ content
    Federal Court Strikes Down Penn. CU’s Community Charter

    HARRISBURG, Penn. - In the latest round of legal skirmishes with between credit unions and banks, a federal court ruled last week that NCUA exceeded its authority when it awarded a broad community charter encompassing much of central Pennsylvania to Members 1st FCU, and later to two additional credit unions.

    July 30
  • CUJ content
    CUs Say They Are A ‘Safe Harbor’ In IndyMac Storm

    LAS VEGAS - The fallout continues from the failure of IndyMac Bancorp–and credit unions are attempting to capitalize on the fallout hitting other banks.

    July 30
  • CUJ content
    Apple FCU Seeks To Break ‘Inheritance Cycle’ With Student-Run Program

    FAIRFAX, Va. - In-school and student-run CU branches are usually seen as a quality educational tool for students and a convenient way for teachers to access a branch.

    July 30
  • CUJ content
    Notre Dame FCU’s College Planning Service Offers Savings & Planning 101

    SOUTHBEND, Ind. - With college tuition rising and the economy making it tougher to save, Notre Dame FCU has partnered with College Funding Solutions to offer an online tool to help parents plan for their kids’ education.

    July 30
  • CUJ content
    In Hong Kong, Int’l Audience Video Links To CUs In Kenya

    HONG KONG - Attendees at WOCCU’s World Forum here in Southern China “traveled” to Africa courtesy of a video link to Kenya.

    July 30
  • CUJ content
    It’s That Time of The Decade: Focus On Federal, Private Coverage

    You’ve seen their panicked faces on TV, perhaps even in your community if you live near a branch–bank customers lined up all night and around the block to withdraw their life’s savings from a bank in trouble or rumored to be in trouble (the latter always leading to the self-fulfilling former).

    July 30
  • CUJ content
    Suspect Charged in Bomb Threat at Cyprus CU

    SALT LAKE CITY – A local man on Monday was accused of phoning a bomb threat to a Cyprus CU manager, claiming he would "blow up a square mile" around the credit union if she did not give him $100,000.

    July 29
  • Branch network
    DOY FCU Plans New Home

    LIBERTY, Ohio – DOY FCU yesterday broke ground on a new headquarters.

    July 29
  • CUJ content
    Arizona State CU Converts 96,000 Debit Cards to PSCU Financial

    GLENDALE, Ariz. – Arizona State CU yesterday said it converted 96,000 signature and PIN debit accounts to PSCU Financial Services as part of a five-year agreement that also includes driving 41 ATMs.

    July 29
  • Technology
    Randolph-Brooks FCU Signs for Online Training Through Travitor

    UNIVERSAL CITY, Texas – Randolph-Brooks FCU yesterday said it contracted with Travitor Media to implement the company’s online Enterprise Learning Management System.

    July 29
  • CUJ content
    Navy FCU Signs Back Office Deal With CUSO Financial

    VIENNA, Va. – Navy FCU yesterday announced a deal with CUSO Financial Services LP to provide back office support to Navy Federal Brokerage Services and Navy Federal Asset Management, a registered investment adviser.

    July 29
  • CUJ content
    GHS FCU Brings in Altier FCU Exec as New CEO

    BINGHAMTON, N.Y. – GHS FCU yesterday announced the hiring of Rico Bautista, a senior vice president with Altier FCU in Phoenix, as its new president and CEO.

    July 29
  • CUJ content
    Capital CU Helps Fund Community Dental Clinic

    MENASHA, Wis. – Capital CU has contributed $100,000 to help Fox Cities Community Health Center build a new dental clinic for preventive dental care, primarily in low-income children.

    July 29
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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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