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Market Intelligence:
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  • CUJ content
    Fairwinds CU Opens Fifth New Branch of 2008

    VISTA LAKES, Fla. – Fairwinds CU continued its frenzied expansion pace, opening its fifth new branch of the year here, and plans to open four more by the end of the year.

    April 22
  • CUJ content
    ‘Master of Disguises’ Bandit Changes Into Prison Jumpsuit

    HONOLULU – A cunning bandit who dressed as everything from a nurse to a wounded soldier to rob 11 island institutions – including the same branch of Hickam FCU three times – will wear the orange jumpsuit of a federal prisoner for the next seven-and-a-half years.

    April 22
  • CUJ content
    New Data Security Bill Passes California Assembly

    SACRAMENTO, Calif. – Data security legislation backed by the California Credit Union League unanimously passed the California State Assembly Monday afternoon.

    April 22
  • CUJ content
    NCUA Orders Do-Over in Vote to Merge CU Into Bank

    HAVERHILL, Mass. – NCUA has thrown out last September’s vote by members of Northeast Community CU to merge into nearby Haverhill Bank and ordered the vote be conducted again under its process to convert a credit union into a mutual savings bank.

    April 22
  • CUJ content
    Indirect Loan Program Pushes Massachusetts CU to the Brink

    LAWRENCE, Mass. – A failed indirect loan program is being blamed for a disastrous 2007 for Lawrence Firefighters FCU, forcing the 50-year-old credit union into the arms of the regulators.

    April 22
  • CUJ content
    More Large CUs Plunge Into the Red for First Quarter

    ALEXANDRIA, Va. – Dozens of credit unions that reported large losses last year appear to have turned the corner, but others are reporting big losses for the first quarter of 2008.

    April 22
  • CUJ content
    ATM ISO Delisted from NASDAQ

    PORTLAND, Ore. – TRM Corp., the nation’s second largest independent operator of ATMs, yesterday said it will not challenge a move by the NASDAQ to delist its shares from its global market.

    April 21
  • Texas
    ‘Toboggan Bandit’ Convicted of Four Robberies

    DALLAS – A local man pleaded guilty yesterday to robbing four area institutions, including Resource One CU in Dallas on Dec. 6.

    April 21
  • CUJ content
    Kern Schools FCU Reports Overnight ATM Break In

    BAKERSFIELD, Calif. – One or more thieves broke into a Kern Schools FCU ATM last Thursday night by cutting through the wall of an adjacent utility room that connected to the machine.

    April 21
  • CUJ content
    Jeffco CU Chooses Secure Identity’s ID Theft Protection for Members

    LAKEWOOD, Colo. – Jeffco CU has signed with Secure Identity Systems to provide the company’s identity theft restoration and education service to its members free of charge.

    April 21
  • CUJ content
    Black Hills FCU Launches Payday Loan

    RAPID CITY, S.D. – Black Hills FCU has introduced a short-term line-of-credit loan up to $500 as a payday loan alternative.

    April 21
  • CUJ content
    Michigan First CU Adds Three In-School Branches

    LATHRUP VILLAGE, Mich. – Michigan First CU said it has opened three new student-run branches, part of its plan to add 10 in-school branches this year.

    April 21
  • CUJ content
    Daviess County Teachers FCU Names New CEO

    OWENSBORO, Ky. – Daviess County Teachers FCU said it hired Alesha Saalwaechter to be its new president and CEO.

    April 21
  • CUJ content
    Congressional Neophytes Get CUNA Backing

    WASHINGTON – CUNA said it continued last month to cultivate the next generation of lawmakers, with campaign contributions to five candidates for open House seats.

    April 21
  • CUJ content
    One-Time Congressional NCUA Foe Now Financial Services’ ‘Dr. No’

    WASHINGTON – The role of anti-regulatory, free-marketer on the House Financial Services Committee has apparently been passed to Texas Republican Jeb Hensarling, who has been called the “Dr. No” of the banking panel.

    April 21
  • CUJ content
    CO-OP Financial Boosts Annual Payout

    RANCHO CUCAMONGA, Calif. – CO-OP Financial Services, which operates the CO-OP ATM network, yesterday said it is paying member/owners a $24.5 million patronage dividend this year, up from from last year’s $22.9 million.

    April 21
  • CUJ content
    Prospera CU Ends Up With Decrepit Mobile Home Park After Foreclosure

    APPLETON, Wis. – Prospera CU is working with residents of April Aire Mobile Home Park to find them new homes after a buyer for the failed commercial property failed to emerge at Monday’s foreclosure sale, leaving the credit union with ownership.

    April 21
  • CUJ content
    Bankruptcy Court Confirms Centrix Reorganization Plan

    DENVER – A federal bankruptcy court approved the Chapter 11 reorganization of failed subprime auto lender Centrix Financial yesterday, taking the next step toward recovering millions of dollars in unsecured claims by dozens of credit unions.

    April 21
  • CUJ content
    Manager Embezzled $1.2 Million from Small CU

    KEY WEST, Fla. – The former manager of tiny Monroe County Teachers FCU is headed to prison after confessing to embezzling $1.24 million from the Keys institution between 2002 and 2007.

    April 20
  • CUJ content
    TRM Regenerates Dying ATM Business

    PORTLAND, Ore. – TRM Corp., which has been struggling since its acquisition of eFunds’ ATM business, said Friday it has agreed to add 3,000 more ATMs to its fleet with the acquisition of Access to Money, a Whippany, N.Y., independent ATM operator.

    April 20
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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.

ABM1025_Cover.jpg

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