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Market Intelligence:
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  • CUJ content
    Banks, CUs Team to Quash Cards Interchange Bill

    WASHINGTON – The House Judiciary Committee, in the face of a withering lobby by banks and credit unions, barely endorsed a bill aimed at reining in interchange fees on credit and debit cards, effectively killing the bill for the year.

    July 16
  • CUJ content
    Equifax Offers New Identity Theft Service

    ATLANTA – Equifax yesterday said it is offering consumers a new identity theft protection and resolution service.

    July 15
  • CUJ content
    Fiserv Completes Divestiture of Insurance Business Stake

    BROOKFIELD, Wis. – Fiserv yesterday announced it received about $510 million from the sale of a 51% stake in its insurance business to private equity fund Stone Point Capital LLC.

    July 15
  • CUJ content
    Apple FCU to ‘Stuff the Bus’ with School Supplies

    FAIRFAX, Va. – Apple FCU is celebrating one year of its new branch in Stafford with a drive to collect school supplies for students in need in Stafford County.

    July 15
  • CUJ content
    Veridian CU Contributes $100,000 to Iowa CU Foundation’s Flood Fund

    DES MOINES, Iowa – Veridian CU yesterday said it has donated $100,000 to the Iowa CU Foundation’s Disaster Fund to assist its members who were impacted by recent flooding and tornadoes.

    July 15
  • CUJ content
    Evangelical Christian CU Opts for CallCopy to Record Member Interactions

    BREA, Calif. – Evangelical Christian CU said it has deployed several call center support and recording offerings from CallCopy.

    July 15
  • CUJ content
    U.S. First CU Signs with Gumas Advertising

    SAN MATEO, Calif. – U.S. First CU yesterday said it has contracted with Gumas Advertising of San Francisco to design a multi-media marketing and ad campaign.

    July 15
  • CUJ content
    Freedom CU Uses Focus Groups for Insight Into Gen Y

    WARMINSTER, Penn. – Freedom CU last month held three financial services-oriented focus groups to explore the needs and desires of so-called Generation Y.

    July 15
  • CUJ content
    Westerra CU Wins Broad Community Charter

    DENVER – Westerra CU, the credit union giant formed by combining three local credit unions, on Friday was approved for the broadest community charter in Colorado – covering more than 1.5 million people in Denver, Jefferson and Arapahoe counties.

    July 15
  • CUJ content
    NCUA: Insured Credit Union Deposits are Safe

    ALEXANDRIA, Va. – NCUA Chairman JoAnn Johnson said despite ongoing problems at certain institutions, the credit union industry is healthy and federally insured deposits are safe with the National CU Share Insurance Fund.

    July 15
  • CUJ content
    Fannie, Freddie Turmoil Presents Market Opportunity for CUs

    WALL STREET – Common stockholders continued to get battered by the plunge in Fannie Mae and Freddie Mac share prices, but the crisis is posing opportunities for credit unions and other institutional investors who have been feasting off the higher yields on Fannie and Freddie debt.

    July 15
  • CUJ content
    Rescue Bid Widens for Fannie, Freddie

    WASHINGTON – Shares in Fannie Mae and Freddie Mac plunged to new lows yesterday as policymakers undertook new measures aimed at stemming the potential collapse of the two secondary mortgage market giants.

    July 15
  • CUJ content
    Fidelity National Sells Certegy Unit

    JACKSONVILLE, Fla. – Fidelity National Information Services, which was created from last year’s merger with Certegy Inc., yesterday said it has agreed to sell its Certegy Australia division for $30 million as part of its strategy to get rid of non-core assets.

    July 14
  • CUJ content
    Teller Charged in Goldenwest CU Robbery

    SOUTH JORDAN, Utah – A teller at Goldenwest CU was arrested yesterday in connection with last week’s armed robbery at the credit union, while his friend and alleged accomplice remains on the loose.

    July 14
  • CUJ content
    Laramie Plains Community FCU’s Chris Bower Jumps to Halliburton Employees FCU

    DUNCAN, Okla. – Chris Bower, president of $25 million Laramie Plains Community FCU, has been hired as president and CEO of Halliburton Employees FCU, a $65 million credit union here.

    July 14
  • CUJ content
    Kellogg Community FCU Adds Online Member Chat

    BATTLE CREEK, Mich. – Kellogg Community FCU has enhanced its online banking product with secure support and chat, which offers an additional method for members to communicate online with the credit union.

    July 14
  • CUJ content
    OnPoint Community CU Installs TotaleAtlas Doc Prep Service

    PORTLAND, Ore. – OnPoint Community CU yesterday said it has purchased Integrated Media Management’s TotaleAtlas document preparation service.

    July 14
  • Performance reports
    Restated Earnings Put U.S. Central FCU in Red for First Time

    LENEXA, Kan. – U.S. Central FCU yesterday reported that the continuing deterioration in the mortgage markets had a key role in restated earnings for 2007 – showing instead of a $6.9 million net for the year, as reported earlier, it had a $50.7 million loss.

    July 14
  • CUJ content
    Fannie Mae, Freddie Mac Test Implied Government Guarantee

    WALL STREET – The buzz around credit unions yesterday – after the federal government moved to backstop Fannie Mae and Freddie Mac – was that a guarantee of the two secondary mortgage market giants no longer is implied, but now a given, permanently changing the dynamics of the huge mortgage-backed securities market.

    July 14
  • CUJ content
    Rescue Plan Set for Fannie Mae and Freddie Mac

    WASHINGTON – The Federal Reserve and Treasury announced plans yesterday to bolster Fannie Mae and Freddie Mac, in the face of an investor rout last week that sent shares in the two secondary mortgage market giants plummeting to three-decade lows.

    July 14
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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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