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Market Intelligence:
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  • CUJ content
    Family First FCU Adds MortgageBot Online Home Lending

    OREM, Utah – Family First FCU yesterday said it launched MortgageBot, an Internet-based solution that simplifies and streamlines the mortgage lending process for its members.

    July 1
  • CUJ content
    Buffalo Fire Department FCU CFO Guilty of $132,000 Embezzlement

    KENMORE, N.Y. – The former chief financial officer for Buffalo Fire Department FCU on Monday pleaded guilty to stealing $132,000 from the credit union.

    July 1
  • CUJ content
    Virginia CU Offers Cash Rebate at the Pump

    RICHMOND, Va. – In the latest gas-pump relief effort, Virginia CU began offering members a rebate on gas purchases yesterday.

    July 1
  • CUJ content
    Deals Help Patelco Expand Bay Area Footprint

    SAN FRANCISCO – In one of the biggest fire sales ever in the credit union industry, Patelco CU yesterday took control of two medium-size credit unions that have fallen victim to the area’s real estate crash: Cal State 9 CU and Sterlent CU.

    July 1
  • CUJ content
    New Cards Breach Traced to Dave & Buster’s

    TALLAHASSEE, Fla. – Officials with Envision CU yesterday said they have been told a breach that forced them to reissue Visa credit and debit cards was the result of an electronic invasion of popular restaurant and gaming company Dave & Buster’s.

    July 1
  • CUJ content
    NCUA Liquidates Another Troubled California CU

    PLEASANTON, Calif. – NCUA said yesterday it has liquidated failed Sterlent CU and nearby Patelco CU has agreed to acquire the remnants of the one-time $125 million credit union.

    July 1
  • CUJ content
    64-Year-old Ex-CU Employee Sentenced for $91,000 Theft

    CHATTANOOGA, Tenn. – A former worker at Progressive Teachers CU yesterday was sentenced to three months in prison and nine months of house arrest for stealing $91,000 from the credit union after a federal judge rejected a plea that the 64-year-old defendant was too old to go to jail.

    June 30
  • CUJ content
    CenCorp CU to Waive Two Month’s Processing Fees

    SOUTHFIELD, Mich.–Central Corporate CU yesterday said it will waive processing fees incurred by members during the months of July and November – about $1 million in fees for both months.

    June 30
  • CUJ content
    Aberdeen Proving Ground FCU Gives Away Blackberrys to Promote Mobile Banking

    ABERDEEN, Md. – Aberdeen Proving Ground FCU is giving away four new Blackberry Pearl mobile phones to new subscribers to its mobile banking service who sign up this month.

    June 30
  • CUJ content
    HAR-CO Maryland FCU Awards $18,000 for Scholarships

    BEL AIR, Md. – Fourteen Harford County high school seniors recently were awarded scholarships totaling $18,000 from HAR-CO Maryland FCU.

    June 30
  • CUJ content
    NE PA Community FCU Signs With SEDONA

    STROUDSBURG, Penn. – NE PA Community FCU yesterday said it has signed with SEDONA Corp. to install the company’s Intarsia member relationship management system.

    June 30
  • CUJ content
    FinancialEdge Community CU Helps Young Members Get ‘Financially Made’

    BAY CITY, Mich. – FinancialEdge Community CU chose three students to participate in its “Financially Made” program, which encourages young people to develop and practice good financial habits.

    June 30
  • CUJ content
    SEFCU Insurance Acquires Insurance Agency

    ALBANY, N.Y. – SEFCU Insurance Agency, a wholly owned CUSO of SEFCU, yesterday said it has acquired Schoharie Valley Agencies Inc., expanding its reach in local markets.

    June 30
  • CUJ content
    ‘Peer-to-Peer’ Hacker Pleads Guilty to Siphoning Account Funds

    CHEYENNE, Wyo. – A 19-year-old hacker suspected of infecting thousands of personal computers with malicious software that enabled him to tap into hundreds of credit union and bank accounts pleaded guilty to fraud Friday under a plea deal.

    June 30
  • CUJ content
    Team One CU Helps Out at the Pump

    SAGINAW, Mich. – Team One CU was offering discounted gas prices at the local 7-Eleven here yesterday to give motorists a little break at the pumps before the Fourth of July holiday.

    June 30
  • CUJ content
    Expansion of CUSO Powers Sought

    ALEXANDRIA, Va. – Credit unions are calling on NCUA to adopt its proposed CUSO rule in order to broaden the types of activities credit union subsidiaries may engage in.

    June 30
  • CUJ content
    Check-Fraudster Changed Values on Social Security Checks

    SOUTHFIELD, Mich. – A local man who changed values on Social Security checks and gambled away the almost $58,000 he cheated from banks and credit unions on Friday was convicted in federal court in Detroit of bank fraud and altering U.S. Treasury instruments.

    June 29
  • CUJ content
    Former CU Exec Pleads Guilty to $400,000 Fraud

    CAMDEN, N.J. – A former assistant vice president of loss prevention for South Jersey FCU, in Deftord Township, on Friday pleaded guilty to her scheme to defraud the credit union of up to $400,000.

    June 29
  • CUJ content
    Connex CU Saves Town’s Fireworks

    HAMDEN, Conn. – Connex CU has stepped in to finance this town’s July 4th fireworks.

    June 29
  • CUJ content
    Patriot FCU Dedicates new ‘Smart ATM’

    CHAMBERSBURG, Penn. – Patriot FCU dedicated a new full-service kiosk Friday near the Southgate Shopping Center as another step toward neighborhood revitalization.

    June 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.

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