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Market Intelligence:
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  • CUJ content
    Banks, Credit Unions Lobby on Interchange Fees

    WASHINGTON – Members of Congress and White House officials may have been taken aback this week when representatives of credit unions and banks came to jointly lobby them against a proposed bill regarding card interchange fees.

    June 18
  • CUJ content
    Congress Expected to Combine ‘CURIA-Lite’ With Bank Bill

    WASHINGTON – House leaders are planning to combine the credit union regulatory relief act, known as CURRA, with a regulatory relief measure for banks to ease passage of the credit union bill, according to several sources.

    June 18
  • CUJ content
    Indiana Bank May Be Source of Growing International Cards Breach

    SOUTH BEND, Ind. – The FBI is investigating whether an in international ring siphoning funds from local credit union and bank accounts obtained the account information from ATMs owned by 1st Source Bank.

    June 18
  • CUJ content
    Navy Fed is Back Afloat

    VIENNA, Va. – Telephone systems and online banking at Navy FCU were back on yesterday, a day after the world’s largest credit union lost a brief battle with Mother Nature.

    June 18
  • CUJ content
    Collections Manager Embezzled $420,000 from Pioneer FCU

    MOUNTAIN HOME, Idaho – The former collections manager for Pioneer FCU pleaded guilty Monday to stealing $420,000 from the credit union.

    June 17
  • CUJ content
    SELCO Community CU Member Wins $5,000 in Design-Our-Commercial Contest

    EUGENE, Ore. – SELCO Community CU converted its Gateway Financial Center to a movie theatre for tomorrow night’s viewing of 40 entries in the credit union’s Your Big Break contest, where members were asked to design their own commercials for their credit union.

    June 17
  • CUJ content
    Another CU Convert to be Merged Out

    DUBLIN, Ohio – Ohio Central Savings, one of the first credit unions to convert to a mutual savings bank, yesterday said it has agreed to be acquired by First Place Bank, a $1.7 billion S&L in nearby Warren, Ohio.

    June 17
  • CUJ content
    New York SEFCU Sponsors Habitat for Humanity

    ALBANY, N.Y. – SEFCU, formerly known as State Employees FCU, is sponsoring a Habitat for Humanity home building project.

    June 17
  • CUJ content
    American Airlines FCU’s Tippets Retires

    FORT WORTH, Texas – John Tippets, president and CEO of American Airlines FCU, will retire from the $4.5 billion credit union at the end of the month.

    June 17
  • CUJ content
    Elevations CU Raises Another Branch

    BOULDER, Colo. – Elevations CU yesterday said it will open a branch in Longmont next week, one of three new service centers planned.

    June 17
  • CUJ content
    PSCU Financial Pilots Three-In-One Banking Solution

    ST. PETERSBURG, Fla. – PSCU Financial Services yesterday said it has signed with Q2 Software to introduce the company’s integrated solution combining online banking with voice and mobile solutions to credit unions.

    June 17
  • CUJ content
    U.S. Senate Banks on Credit Unions

    WASHINGTON – It turns out that the favorite bank in the Senate is a credit union.

    June 17
  • CUJ content
    CU Robbery is Short Lived Because Getaway Car Runs Out of Gas

    KNOXVILLE, Tenn. – A man who held up First Choice Community CU Monday afternoon and made off with a pile of cash didn’t get very far – because his getaway car ran out of gas down the street.

    June 17
  • CUJ content
    Congress to Try Again at 'CURIA-Lite' Vote

    WASHINGTON – The House may consider the credit union regulatory relief bill known as CURRA as soon as next week, as Democratic leaders are expected to offer it alongside a regulatory relief bill for banks.

    June 17
  • CUJ content
    Navy FCU Run Aground by Power Outage

    VIENNA, Va. – Tens of thousands of Navy FCU members around the globe were unable to access their accounts yesterday after a massive power outage at the credit union’s headquarters in northern Virginia shut down phone services.

    June 17
  • CUJ content
    Indiana CU Accounts Drained from Overseas

    SOUTH BEND, Ind. Authorities are investigating the unauthorized withdrawal of funds last weekend from accounts at at least two local credit unions from ATMs as far away as Russia, Ukraine, Spain and Nigeria.

    June 16
  • CUJ content
    Rescue Eyed For Another Troubled California CU

    OAKLAND, Calif. –Kaiperm FCU, another California credit union wracked by big losses, is negotiating a merger with Alliant CU, the Chicago credit union giant that was chartered to serve United Airlines employees.

    June 16
  • CUJ content
    MasterCard Responds to European Union Antitrust Ruling

    BRUSSELS, Belgium – MasterCard last week said it is suspending interchange fees it charges for cross-border transactions in Europe to avoid potential fines by the European Union, which found its fee structure violated the EU’s antitrust regulations for 15 years.

    June 16
  • CUJ content
    Suspect Jailed for Knife-Wielding CU Hold Up

    MOORHEAD, Minn. – A man who last Aug. 20 used a knife to threaten an employee at Affinity Plus CU to steal $7,700 was sentenced to 41 months in prison and ordered to pay restitution.

    June 16
  • CUJ content
    De La Rue Sells Cash Systems Unit to Private Equity Giant Carlyle

    WASHINGTON – Private equity giant the Carlyle Group yesterday said it has agreed to acquire De La Rue’s Cash Systems business, the manufacturer of the ubiquitous cash handling technology, for $701 million.

    June 16
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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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