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Market Intelligence:
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  • CUJ content
    Deal Eyed on NCUA Nominee

    WASHINGTON – Senate leaders are discussing several deals that would move stalled Bush administration nominees to a vote by the full Senate, including that of Michael Fryzel, a Chicago lawyer nominated for NCUA Chairman.

    June 4
  • CUJ content
    Credit Union Operative Troy Stang to Head Oregon League

    BEAVERTON, Ore. – Troy Stang, a one-time candidate for the NCUA Board, who has held leadership positions at the Texas CU League and the Treasury Department Community Development Financial Institutions, was named yesterday as the new president of the CU Association of Oregon.

    June 3
  • CUJ content
    CORRECTION: USA CU and LEVEL5

    AUBURN HILLS, Mich. – An item in the June 3 issue of the Credit Union Journal Daily Briefing incorrectly listed the Atlanta-based consultancy providing advisory services to USA CU. The correct name is LEVEL5.

    June 3
  • CUJ content
    Fidelity National Prepares a New Spin

    JACKSONVILLE, Fla. – Fidelity National Information Services, which was created last year by a decoupling from Fidelity National Title, said its plans for another spin-off, this time of its huge mortgage processing business, is on track.

    June 3
  • CUJ content
    Mortgage Crisis Burns Card Company Discover Financial

    RIVERWOODS, Ill. – Discover Financial Services, parent of Pulse EFT, said it expects to write down by as much as $31 million its investment in asset backed commercial paper, mostly backed by mortgages.

    June 3
  • CUJ content
    Allied Solutions Acquires Kansas City Insurer

    CARMEL, Ind. – Allied Solutions yesterday said it has agreed to acquire MJB Insurance Services, a Kansas City-based provider of insurance and financial products and services to credit unions in Kansas, Missouri and Nebraska.

    June 3
  • CUJ content
    Evangelical Christian CU Implements CDC’s Customer Relationship Management System

    BREA, Calif. – Evangelical Christian CU said it has deployed CDC Software’s Pivotal CRM for Financial Services.

    June 3
  • CUJ content
    Sunmark FCU Opens New Headquarters

    LATHAM, N.Y. – Sunmark FCU yesterday announced it has moved into its new administrative building here, nearby its former headquarters in Schenectady.

    June 3
  • CUJ content
    Technology CU Joins Allpoint ATM Network

    SAN JOSE, Calif. – Technology CU yesterday said it has signed with Allpoint to provide its members with surcharge-free access to the Allpoint ATM network.

    June 3
  • CUJ content
    America First CU Plans Seven New Branches

    SALT LAKE CITY – America First CU yesterday said it opened a new downtown branch, its 79th service center.

    June 3
  • CUJ content
    St. Mary’s Bank CU Pilots Manufactured Home Loans

    MANCHESTER, N.H. – St. Mary’s Bank, celebrating its 100th anniversary, yesterday announced a pilot program to offer manufactured (mobile) home loans, the first credit union in the state to do so.

    June 3
  • CUJ content
    NCUA Nomination: Just for Show?

    WASHINGTON – Chicago lawyer Michael Fryzel, nominated to be the next NCUA Chairman, breezed through yesterday’s hearing before the Senate Banking Committee, but the Republican appointment appears problematic as the Democrats in control of the Senate may choose to hold up non-essential presidential appointments as the Bush administration moves toward an end.

    June 3
  • CUJ content
    Police Shoot Suspected CU Robber

    SEATTLE – Police shot a robbery suspect in the hand yesterday afternoon when he tried to ram officers with his vehicle – after a car chase at speeds up to 100 miles an hour.

    June 2
  • CUJ content
    Chevron FCU Signs Processing Pact with PSCU Financial

    OAKLAND, Calif. – Chevron FCU yesterday announced it has signed a five-year contract to convert its 40,000 offline debit and 15,000 PIN debit accounts to PSCU Financial Services.

    June 2
  • CUJ content
    FinancialEdge Community CU’s Benecke Jumps to Communications Family CU

    SAGINAW, Mich. – Communications Family CU, a $450 million credit union, said it named Timothy Benecke, head of FinancialEdge Community CU, a $55 million credit union in nearby Bay City, as its new president and CEO.

    June 2
  • CUJ content
    Northeast CU Tries to Capture Federal Stimulus Checks

    PORTSMOUTH, N.H. – Northeast CU yesterday said it has introduced a savings product aimed at encouraging taxpayers to save, instead of spend, their government stimulus payments.

    June 2
  • CUJ content
    USA CU Chooses LEVEL5 to Help Plan Branch Expansion

    AUBURN HILLS, Mich. – USA CU said LEVEL5 has assisted in designing a new branch plan.

    June 2
  • CUJ content
    Ohio Caps Payday Loan Rates at 28%

    COLUMBUS, Ohio – Ohio joined the growing list of states restricting payday lending yesterday, when Gov. Ted Strickland signed legislation to limit the annual rates on the short-term loans at 28%.

    June 2
  • Texas
    Credit Unions 'Bank on Houston'

    HOUSTON – Five Houston area credit unions have joined banks in a new project aimed at bringing the more than one million people in the metropolitan area into the formal banking system.

    June 2
  • CUJ content
    More Troubled CUs to be Merged

    ALEXANDRIA, Va. – NCUA yesterday said it has approved requests to merge more than a dozen ailing credit unions, accelerating the resolution of troubled institutions.

    June 2
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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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