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Market Intelligence:
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  • Performance reports
    Losses Widen at Online Resources

    CHANTILLY, Va. – Online Resources Corp. yesterday reported a second quarter loss of $3.2 million, or 11 cents a share, compared to a loss of $1.2 million, for the last year’s second quarter.

    July 29
  • Performance reports
    Profits Decline at NCR

    DAYTON, Ohio – NCR Corp. yesterday reported a 12% decline in second quarter earnings, reflecting costs from a realignment of its business following the spinoff last fall of its Teradata Corp. data warehousing software business.

    July 29
  • Performance reports
    Fiserv Reports Lower Earnings

    BROOKFIELD, Wis. – In another sign of the economic slowdown, Fiserv yesterday reported an almost 8% decline in second quarter earnings, to $99 million, or 60 cents a share.

    July 29
  • CUJ content
    Two CU Employees Win Visa Trips to Beijing Olympics

    SAN FRANCISCO – An employee of Desert Schools FCU and one from USA CU will be traveling to Beijing for next month’s Olympics as part of Visa’s Olympic Games promotion.

    July 29
  • CUJ content
    New Regime at NCUA: Fryzel Sworn In Remotely

    CHICAGO – The transition at NCUA was conducted quietly here yesterday when Michael Fryzel was sworn in as new NCUA Chairman.

    July 29
  • CUJ content
    NASCUS Trains CU Directors

    LANSING, Mich. – The Michigan Office of Financial and Insurance Regulation yesterday announced it is teaming with NASCUS – the National Association of State CU Supervisors – to offer a training session for volunteer credit union directors.

    July 28
  • CUJ content
    Earnings Decline at Metavante

    MILWAUKEE – Metavante Technologies yesterday reported that second quarter earnings fell almost 16% to $36.9 million, or 31 cents a share.

    July 28
  • CUJ content
    San Mateo CU Gives Away New Mercedes

    REDWOOD CITY, Calif. – A San Mateo CU member and county employee, identified only as Michele, is the proud owner of a new 2008 Mercedes-Benz 300 CL coupe.

    July 28
  • CUJ content
    Educational Community CU Awards $23,000 in Scholarships

    KALAMAZOO, Mich. – Educational Community CU said it granted a total of $23,000 in college scholarships to 21 outstanding students at the credit union’s annual awards ceremony.

    July 28
  • CUJ content
    FedFinancial FCU Adds Digital Dialogue’s Outbound Program

    ROCKVILLE, Md. – FedFinancial FCU yesterday said it has implemented Digital Dialogue’s outbound program.

    July 28
  • CUJ content
    Navy FCU Joins NACHA

    VIENNA, Va. – Navy FCU said it has become a member of NACHA, making it the 25th direct financial institution member of the National Automated Clearing House Association.

    July 28
  • CUJ content
    Via CU Emerges From Marion School Employees FCU

    MARION, Ind. – As one of the first moves under its new moniker, Via CU closed down two branches and merged them into a new service center at the same lot.

    July 28
  • CUJ content
    YMCA Members to Compete for $10,000 Educators CU Savings Makeover

    RACINE, Wis. – Educators CU and the YMCAs of southern Wisconsin are offering to help six families improve their financial profiles in a nine-month “Savings Challenge,” with the participants improving their finances the most winning $10,000.

    July 28
  • CUJ content
    NCUA Shutters New London Security FCU

    NEW LONDON, Conn. – NCUA yesterday closed and liquidated New London Security FCU, a $12.7 million credit union that holds almost no loans.

    July 28
  • CUJ content
    Fifth Third Bank Seeks Reversal of PSECU Bid in BJ’s Wholesale Case

    PHILADELPHIA – With tens of millions of dollars of liability at stake, Fifth Third Bank has asked a U.S. Appeals Court here to review a recent ruling by a three-member panel of the court that would enable Pennsylvania State Employees CU and hundreds of other credit unions to seek damages in credit card breaches from third-party processors.

    July 28
  • CUJ content
    One-Time Gain Boosts Fair Isaac

    MINNEAPOLIS – Fair Isaac & Co., provider of the ubiquitous FICO score, said net income for its fiscal third quarter rose 11% to $26.5 million because of the sale of its Insurance Bill Review subsidiary. The company booked a $7.7 million sale on the unit.

    July 27
  • CUJ content
    Second Quarter Earnings Flat at Equifax

    ATLANTA – Credit bureau Equifax last week reported its second quarter profit rose just 1%, even as sales rose 10%.

    July 27
  • CUJ content
    Profits Plunged at Student Loan Giant Sallie Mae

    RESTON, Va. – Student loan giant Sallie Mae reported its second-quarter profit plummeted 72% as funding costs remained high amid further weakening in the credit markets and the company took charges related to its restructuring.

    July 27
  • CUJ content
    Lahaina FCU Merges Into Maui’s Second-Largest CU

    LAHAINA, Hawaii – Lahaina FCU has agreed to merge into Valley Isle Community FCU, the second-largest credit union on Maui with $75 million in assets.

    July 27
  • CUJ content
    Alabama Telco CU to Add Two Branches

    BIRMINGHAM, Ala. – Alabama Telco CU last week said it is building two additional branches in the fast-growing suburbs of Chelsea and Helena.

    July 27
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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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