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Market Intelligence:
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  • CUJ content
    Bid on Interchange Fees Seen by CUs as Price Controls

    WASHINGTON – Credit unions are lobbying against a congressional bill that would open the process of setting interchange fees on credit and debit cards, saying the proposal would amount to government caps on fees.

    May 14
  • CUJ content
    Fairwinds CU Inks Collections Pact with Gila Group

    ORLANDO, Fla. – Fairwinds CU yesterday said it has contracted with Gila Group to collect on its delinquent accounts.

    May 13
  • CUJ content
    Sunmark FCU Moves to New Home

    SCHENECTADY, N.Y. – Sunmark FCU has moved from its downtown offices into a newly constructed headquarters in nearby Latham.

    May 13
  • CUJ content
    M/A Com FCU Offers Text Banking

    LOWELL, Mass. – M/A Com FCU said it is offering its members banking by text messaging.

    May 13
  • CUJ content
    Lockheed FCU Implements nCipher’s Storage Encryption

    BURBANK, Calif. – Lockheed FCU said it has installed nCipher’s CryptoStor Storage Encryption solution to encrypt data and backup recovery material.

    May 13
  • CUJ content
    Navy FCU Signs with VINtek for Title Management Services

    VIENNA, Va. – Navy FCU yesterday announced it has selected VINtek to provide it with title management services for its auto lending.

    May 13
  • CUJ content
    Philadelphia Area CUs Form Business Loan CUSO

    PHILADELPHIA – Seven area credit unions have teamed up to charter their own business loan CUSO, known as Member Business Financial Services LLC.

    May 13
  • CUJ content
    Filene’s i3 Innovations Seeks ‘The Big Idea’

    MADISON, Wis. – A savings program targeted at newly single, divorced or widowed credit union members, an initiative rewarding group purchases, and financing options for funeral planning are among a group of eight new projects released into the marketplace by the Filene Research Institute’s i3 Innovations.

    May 13
  • CUJ content
    Branded Checking Connects Fairfax County FCU with Hispanic Market

    FAIRFAX, Va. – Fairfax County FCU is connecting with the area’s growing Hispanic population with a new “Cueneta Corriente Americana,” an American checking account that allows members to portray the flag of their home country on their checks.

    May 13
  • CUJ content
    SELCO Community CU Lets Members Design Its Ads

    EUGENE, Ore. – Members of SELCO Community CU and the general public are being invited to create a television ad for the $820 million credit union.

    May 13
  • CUJ content
    Federal CUs Can Borrow to Purchase Investments

    ALEXANDRIA, Va. – Federal credit unions may borrow funds to acquire investments, as long as the investments satisfy preexisting rules and regulations, NCUA said yesterday in a new legal opinion.

    May 12
  • CUJ content
    First Financial of Maryland FCU’s Wes Bone Ends 37 Years as Chairman

    LUTHERVILLE, Md. – J. Wesley Bone ended 37 years as chairman of the First Financial of Maryland FCU board last month, at the credit union’s 55th annual meeting.

    May 12
  • CUJ content
    NCUA Shutters Money-Losing CU

    BRONX, N.Y. — NCUA yesterday said it placed tiny Father Burke FCU into liquidation, after the credit union reported a $27,123 loss for the first quarter and negative equity of $22,352.

    May 12
  • CUJ content
    Richmond Postal CU Names Dominion CU’s Haddon CEO

    RICHMOND, Va. – Richmond Postal CU said it has hired Joseph Haddon, Jr., the senior vice president at nearby Dominion CU, as its new president and CEO.

    May 12
  • CUJ content
    City-County FCU’s CEO Dean Nelson Retires

    MINNEAPOLIS – Dean Nelson, the president and CEO of City-County FCU the past 30 years, announced his retirement yesterday, effective at the end of the month.

    May 12
  • CUJ content
    Red Rocks CU Installs TotaleAtlas Document Management System

    HIGHLANDS RANCH, Colo. – Red Rocks CU yesterday said it has implemented Integrated Media Management’s TotaleAtlasWeb electronic document management solution.

    May 12
  • CUJ content
    Automotive FCU Gets New Membership Base After Ford Job Losses

    YPSILANTI, Mich. – Automotive CU, a Ford employees' credit union that has seen its assets shrink 15% over the past year, has adopted a community charter as a result of its merger with MPG Community CU.

    May 12
  • CUJ content
    CO-OP Financial Makes a Deposit at 7-Eleven

    RANCHO CUCAMONGA, Calif. – CO-OP Financial Services yesterday said members of its credit unions can make deposits at 2,200 self-service financial kiosks in 7-Eleven convenience stores.

    May 12
  • CUJ content
    Navy FCU Signs ATM Deal with Key Bank

    VIENNA, Va. – Navy FCU yesterday announced it has joined Key Bank’s agent bank program, giving its members access to Key’s 1,500 ATMs in 12 states.

    May 12
  • CUJ content
    Defense CUs Fight Bank Giant JP Morgan Over ‘One Bank, One Credit Union’ Rule

    ALEXANDRIA, Va. – Defense credit unions are petitioning the Department of Defense to halt a new credit card offered by JP Morgan Chase that is sponsored by the Army and Air Force Exchange Service, which operates all post exchange (PX) and base exchange (BX) retail outlets at military installations around the globe, saying the card violates the Pentagon’s own prohibition on having the exchange operate banking services.

    May 12
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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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