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Market Intelligence:
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  • CUJ content
    Fairwinds CU Sued Over Mistaken Identity in ATM Theft

    ORLANDO, Fla. – A woman who was identified as a “person of interest” in an ATM theft from a surveillance video taken by Fairwinds CU is suing the credit union.

    July 22
  • CUJ content
    Travis CU Holds Financial ‘Boot Camp’ for Teens

    VACAVILLE, Calif. – More than 30 teenagers and young adults came to Travis CU last week to learn about budgeting and financial planning as part of the credit union’s “Mad City Money” financial boot camp.

    July 22
  • CUJ content
    Digital FCU Subsidizes Rising Gas Prices

    WORCESTER, Mass. – Area motorists were treated to $1.999-a-gallon gas Tuesday, courtesy of Digital FCU, which sponsored a “roll-back” in prices to thank the community.

    July 22
  • CUJ content
    Northeast CU Pledges $10 million to Help State Student Loan Agency

    PORTSMOUTH, N.H. – Northeast CU yesterday said it is making $10 million available to fund student loans in support of the New Hampshire Higher Education Assistance Foundation.

    July 22
  • Texas
    Failed CU-Convert Sues Dissidents

    ODESSA, Texas – First Basin CU, which was forced by members to abandon its conversion to a mutual savings bank, has filed suit in state court saying opponents of the charter switch illegally interfered in the initiative.

    July 22
  • CUJ content
    FHLB Chicago Plunges Into the Red

    CHICAGO – The Federal Home Loan Bank of Chicago, coming off a failed merger with the FHLB Dallas, yesterday reported that mid-year losses widened from $74 million in the first quarter, to $152 million, the largest ever for an FHLB.

    July 22
  • CUJ content
    Losses Continue to Tarnish Golden State’s CUs

    SAN DIEGO – Credit unions throughout California continued to report large losses in the second quarter, with no relief in sight.

    July 22
  • CUJ content
    Members 1st FCU Contemplates Return to Its SEG Roots After Court Ruling

    MECHANICSBURG, Penn. – Members 1st FCU is considering a return to its 1,000 select employee groups in light of Monday’s federal court ruling striking down its six-county community charter, awarded five years ago.

    July 22
  • CUJ content
    School Bombing Plan Draws Jail Terms

    ROCK HILL, S.C. – Two teens who plotted to set off a pipe bomb at a local elementary school to divert police from a planned robbery at Founders FCU a year ago were sentenced to jail terms last week.

    July 21
  • CUJ content
    Truliant FCU Raises $20,000 for Cancer Research

    WINSTON-SALEM, N.C. – Truliant FCU has raised more than $20,000 during its first Ride to Relay, a charity motorcycle ride, for the American Cancer Society’s Relay For Life.

    July 21
  • CUJ content
    Emery FCU Consolidates Cards Processors

    CINCINNATI – Emery FCU yesterday said it will consolidate its credit card processing from two processors to one through a strategic alliance with TNB Card Services.

    July 21
  • CUJ content
    Citadel FCU Converts E-Bill Payments to PSCU Financial

    THORNDALE, Penn. – Citadel FCU yesterday said it has agreed to convert its 9,000 online bill payment subscribers to PSCU Financial Services’ PayLynx platform.

    July 21
  • Texas
    United Heritage CU to Add Two Branches

    AUSTIN, Texas – United Heritage CU yesterday announced it plans to open its 11th and 12th branches.

    July 21
  • CUJ content
    Navy FCU Invests in Predictive Analytics

    VIENNA, Va. – Navy FCU has implemented Predictive Analytics software from SPSS Inc. to delineate the needs of its members.

    July 21
  • CUJ content
    Palisades FCU Allows Members to Skip Summer loan Payments

    PEARL RIVER, N.Y. – Palisades FCU, in response to the recent rise in oil, gas, and food costs, yesterday said it is allowing members to skip their July and August loan payments through a "Take the summer off" loan promotion.

    July 21
  • CUJ content
    Giant DFCU Financial to Acquire Troubled CapCom CU

    DEARBORN, Mich. – DFCU Financial, Michigan’s largest credit union with just less than $2 billion in assets, yesterday said it has agreed to acquire CapCom CU, an ailing Lansing-based credit union that had a $2.1 million mid-year loss, after an $8.6 million loss for 2007.

    July 21
  • CUJ content
    Court Ruling Jeopardizes Millions of Dollars in CU Investments

    HARRISBURG, Penn. – With confidence they would prevail over the bankers in court, three area credit unions granted sprawling community charters by NCUA continued to build branches despite the possibility the federal court would find the new service illegal.

    July 21
  • CUJ content
    Credit Union Losses Spread

    MIAMI – Red ink continued to spill throughout the credit union industry in the second quarter, especially in the hard-hit markets of Florida, California and Michigan, according to second quarter data being reported to NCUA.

    July 21
  • CUJ content
    Court Strikes Down NCUA FOM Grants

    HARRISBURG, Penn. – In another win for the bankers, a federal court ruled today that NCUA overstepped its authority when it approved three vast community charters.

    July 21
  • CUJ content
    Court Strikes Down NCUA FOM Grants

    HARRISBURG, Penn. – In another win for the bankers, a federal court ruled today that NCUA overstepped its authority when it approved three vast community charters.

    July 21
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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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