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Market Intelligence:
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Research
  • CUJ content
    SunGard to Acquire Strohl Systems

    WAYNE, Penn. – SunGard yesterday said it has agreed to acquire Strohl Systems, a provider of business continuity systems.

    May 15
  • CUJ content
    Counterfeit Check Ring Busted in North Carolina

    GREENSBORO, N.C. – Police have arrested 22 people in recent weeks and charged them with operating a sophisticated check ring that stole as much as $170,000.

    May 15
  • CUJ content
    Financial Service Centers Cooperative Teams With eZforex.com for Foreign Currency

    SAN DIMAS, Calif. – Financial Services Centers Cooperative said it has signed with eZforex.com to automate the foreign exchange process for credit unions.

    May 15
  • CUJ content
    Long-Term Mortgage Rates Decline Slightly

    McLEAN, Va. – Long-term mortgage rates dipped this week, but the rate for the 30-year loan remained above 6%, according to Freddie Mac.

    May 15
  • CUJ content
    Niagara Regional FCU Plans New Headquarters

    NORTH TONAWANDA, N.Y. – Niagara Regional FCU will break ground on its new offices Monday.

    May 15
  • CUJ content
    Service CU Goes Mobile

    PORTSMOUTH, N.H. – Service CU yesterday said it has launched a mobile banking service called “MobileBanc24.”

    May 15
  • CUJ content
    ‘Prada Man’ Sought in Six Navy FCU Robberies

    WASHINGTON – The FBI is hunting for a serial robber who has robbed Navy FCU branches in Maryland and Virginia six times, making off with an estimated $100,000.

    May 15
  • CUJ content
    Conversion to Mutual Savings Bank is This CU’s First Priority

    BOSTON – State regulators have approved the member ballot converting First Priority CU to a mutual savings bank, the first credit union conversion to bank under a new law in Massachusetts.

    May 15
  • CUJ content
    Interchange Debate: Government Regulation or Not?

    WASHINGTON – Proponents of a bill to open the process for setting credit card interchange fees insisted during congressional hearings yesterday the proposal would not set or regulate rates, but merely would allow merchants to negotiate the fees with the card companies and issuers.

    May 15
  • CUJ content
    Associate Directors Help With Board Succession at Financial Plus CU

    OTTAWA, Ill. – The board of Financial Plus CU has appointed two associate directors as part of its succession planning.

    May 15
  • CUJ content
    Members Vie To Have Their Loans Paid Off

    RALEIGH, N.C. – Members who take out a loan with Local Government FCU will have a chance to have their loans paid off under a sweepstakes introduced by the credit union yesterday.

    May 15
  • CUJ content
    Member Confesses to $45,000 Check Kiting Scheme

    NEW CASTLE, Penn. – A member of GNC Community FCU and Family 1st FCU was ordered to pay $44,619 in restitution after pleading guilty to kiting checks between the two credit unions.

    May 14
  • CUJ content
    Fair Isaac Raises $275 Million in New Capital

    MINNEAPOLIS – Fair Isaac & Co., provider of the ubiquitous FICO credit score, said it has raised $275 million with a private placement of senior notes.

    May 14
  • CUJ content
    Freddie Mac Reports More Losses

    McLEAN, Va. – Secondary mortgage market giant Freddie Mac reported a first quarter loss of $151 million yesterday, its third straight quarterly loss, and plans to raise $5.5 million in new capital to replenish some of the losses.

    May 14
  • CUJ content
    Maryland State Employees CU Goes Mobile

    BALTIMORE – Maryland State Employees CU yesterday said it is offering mobile banking service to its members through Internet-enabled phones.

    May 14
  • CUJ content
    San Antonio FCU Inks With Online Resources

    SAN ANTONIO – San Antonio FCU yesterday said it signed a multi-year agreement for online account opening with Online Resources Corp.

    May 14
  • CUJ content
    Prospera CU Takes Its GoodMoney Payday Loans on the Road

    APPLETON, Wis. – Prospera CU yesterday said it is expanding its GoodMoney payday loan program to Green Bay, where it will be offered inside a new Goodwill store being opened there.

    May 14
  • CUJ content
    Four Captured After Takeover-Style Robbery at Cooperative Center FCU

    BERKELEY, Calif. – Oakland police recovered $6,000, a cache of guns and arrested four men Tuesday following a takeover robbery at Cooperative Center FCU.

    May 14
  • CUJ content
    Robber Pepper Sprays Everyone in Fibre FCU

    KELSO, Wash. – An armed man lined up employees and members of Fibre FCU and pepper sprayed them before making off with a bag of cash.

    May 14
  • CUJ content
    Sutton to Appeal Judge’s Centrix Ruling

    DENVER – Centrix Financial founder Robert Sutton is expected to appeal a U.S. Bankruptcy Court ruling confirming a reorganization of the failed subprime auto lender, prolonging the outcome in a case that has cost credit unions all over the country millions of dollars.

    May 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.

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