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Market Intelligence:
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  • CUJ content
    NCUA Introduces New Agency Symbol

    ALEXANDRIA, Va. – NCUA is shedding its long-time seal – the drab and often confusing symbol of a house roof and door – and adopting a new one featuring the American bald eagle.

    July 24
  • CUJ content
    Inflation Fears Cause Jump in Mortgage Rates

    McLEAN, Va. – Mortgage rates spiked across the board this week as investors worried about the rising rate of inflation, according to Freddie Mac.

    July 24
  • CUJ content
    Mid-Year Loss Won’t Nix Kinecta FCU’s Underserved Expansion

    MANHATTAN BEACH, Calif. – Kinecta FCU said a mid-year loss of $10.2 million won’t deter it from expanding on last year’s acquisition of Nix Check Cashing – but will slow it down some.

    July 24
  • CUJ content
    Losses Stretch National CU Share Insurance Fund

    ALEXANDRIA, Va. – Growing credit union losses are putting increasing stress on the National CU Insurance Fund, eliminating any chance of a dividend and raising questions whether credit unions will be asked to replenish the fund by paying a premium after year-end.

    July 24
  • CUJ content
    Credit Union 24 Pays $3.3-Million Patronage Dividend

    TALLAHASSEE, Fla. – Credit unions that are shareholders in Credit Union 24, an ATM and POS network, will divide a $3.3 million patronage dividend, the largest patronage dividend in Credit Union 24’s history.

    July 23
  • CUJ content
    ‘Hoodies’ Bandits Confess to CU Hold Up

    MOBILE, Ala. – Three men who wore hooded sweatshirts to hide their faces during a string of armed robberies on Monday pleaded guilty to April’s heist at Navigator CU. A fourth suspect in the credit union case has pleaded guilty to a lesser charge.

    July 23
  • CUJ content
    Careless Member Leaves $11,050 in Teller Tube

    RIDLEY TOWNSHIP, Penn. – Authorities are searching for a member of Franklin Mint FCU who took $11,050 of cash a careless member left behind in the drive-thru’s pneumatic teller tube last week.

    July 23
  • CUJ content
    Empower FCU’s Ray Curtin Passes

    SYRACUSE, N.Y. – Ray Curtin, the long-time president of Empower FCU and a life-long resident of Syracuse, died unexpectedly Monday at 60.

    July 23
  • CUJ content
    L.A. Firemen’s CU Signs With Open Solutions

    LOS ANGELES – Los Angeles Firemen’s CU said it has signed with Open Solutions Inc. to convert to the latest version of the company’s The Complete Credit Union Solution core processing system, known as DNA.

    July 23
  • CUJ content
    Desert Schools FCU To Host Job Fair for Call Center Recruits

    PHOENIX – Desert Schools FCU will hold a job fair to recruit employees for its call center next month.

    July 23
  • CUJ content
    Advance Financial FCU Donates Computers to East Chicago Youth

    OAK PARK, Ill. – Alliance Financial FCU has contributed more than 50 used personal computers and peripherals to the School City of East Chicago, the school district for nearby East Chicago, Ind.

    July 23
  • CUJ content
    Service CU Donates $25,000 to Winter Heating Oil Aid

    PORTSMOUTH, N.H. – Service CU yesterday announced it is contributing $25,000 to help poor New Hampshire families heat their homes this winter.

    July 23
  • CUJ content
    Northeast Community CU Gives Away $1,750 in Gas Cards

    HAVERHILL, Mass. – Northeast Community CU gave away three gas cards, for $1,000, $500 and $250, in a drawing among its members.

    July 23
  • CUJ content
    OnPoint CU Outsources With Diebold for ATM Services

    PORTLAND, Ore. – OnPoint CU yesterday said it has signed an outsourcing deal with Diebold for its ATM fleet.

    July 23
  • CUJ content
    CUs To Receive Reimbursement For SimpliCD Certificates at IndyMac by Friday

    WESTERVILLE, Ohio – The FDIC moved swiftly to reimburse credit unions that had invested in IndyMac certificates of deposit through Primary Financial’s SimpliCD program, Credit Union Journal has learned.

    July 23
  • CUJ content
    House Passes Fannie, Freddie Rescue Bill

    WASHINGTON – The House of Representatives yesterday passed a massive housing rescue bill, which now includes bailout provisions for Fannie Mae and Freddie Mac, while the White House dropped a threat to veto it.

    July 23
  • CUJ content
    Mid-Year Misery Spreads Among CUs

    LAS VEGAS – The economic slowdown that has troubled credit unions started to spread through the Silver State in the second quarter, with most of the biggest credit unions reporting losses at mid-year.

    July 23
  • CUJ content
    Arizona FCU Reassures Members Amidst $42 Million Loss

    PHOENIX – Officials of Arizona FCU are notifying the credit union’s 220,000 members of the financial health of the institution in the face of a $42.5 million mid-year loss, almost $30 million of it in the second quarter.

    July 23
  • CUJ content
    Lender Processing Services Acquires Loan Analytics Provider

    JACKSON, Fla. – Lender Processing Services, spun off from Fidelity National Information Services just two weeks ago, yesterday said it has agreed to acquire McDash Analytics, which provides access to the industry's largest database of mortgage loans, for the purpose of benchmarking and analysis.

    July 22
  • CUJ content
    Three-Year-Old Robbery Ends With 13-Year Prison Term

    CINCINNATI – The man who robbed C&O United CU three years ago in nearby Edgewood on Monday was sentenced to 13 years in prison.

    July 22
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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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