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Market Intelligence:
AI
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Industry Data
  • Core conversions
    North Shore FCU selects CUProdigy for core processing

    The Minnesota-based credit union said its current system was not keeping up with the marketplace.

    By Michael Bartlett
    May 16
    North Shore FCU CUProdigy - CUJ 051618
  • Branch management
    Know thy market: the art of selecting and promoting branch managers

    Two credit unions ramp up their facilities management teams, plus board elections and more HR-related news at credit unions across the country.

    By Palash Ghosh
    May 15
    branch.jpg
  • Branding
    Play ball! PenFed signs 3-year deal with MLB's Washington Nationals

    The sponsorship deal includes the debut of a new "PenFed Military Appreciation Section" at Nationals Park.

    By Palash Ghosh
    May 15
    The PenFed Military Appreciation Section at Nationals Park
  • M&A
    Struggling NU Community Credit Union to merge into Service 1st

    The $18 million-asset credit union has lost money each year since at least 2015. Service 1st, meanwhile, made more than $3.1 million last year.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    May 15
    NU Community CU net worth - CUJ 051518.jpeg
  • Compliance
    Trades to CFPB: Credit unions don’t need your oversight

    The two major national credit union trade associations have sent recommendations for improving the Consumer Financial Protection Bureau’s enforcement processes.

    By Michael Bartlett
    May 15
    Mick Mulvaney, acting CFPB director.
  • Analytics
    How grad students helped improve analytics models at CFE FCU

    The credit union's inaugural Lending Analytics Competition challenged University of Central Florida grad students to develop predictive models that could better interpret data.

    By W.B. King
    May 15
    Members of the University of Central Florida's "Team Eagle," which worked with CFE Federal Credit Union to develop improved analytics models for the CU. The team is pictured at left with Dr. Daoji Li (center), CFE Federal Credit Union Manager of Business Intelligence Jason Mizrahi (center right), Kristen Ward (System Analyst/Business Intelligence) and Daniel Kenon (Associate Manager/Business Intelligence).
  • Growth strategies
    Thank you for your service: Credit unions in the community

    Recognizing members of the armed forces, helping out local nonprofits, celebrating women in the credit union movement and other ways CUs are giving back.

    By Michael Bartlett
    May 14
    Hanscom 041318.jpg
  • Payments
    How credit unions can navigate an evolving payments landscape

    From a refresher on basic payments terminology to the new battle of VHS vs. Betamax, here are some of the highlights from the recent Trellance conference in Fort Lauderdale.

    freeman-lisa-2016-250.jpg
    By Lisa Freeman
    Former Editor in Chief
    May 14
    marriott - Trellance Conference 2018 - CUJ 051418.jpg
  • Branding
    Fresno-based CU rebrands to reflect broader regional membership

    Fresno Fire Department Credit Union is now Central Valley Firefighters Credit Union.

    By Palash Ghosh
    May 14
    Emily Morton, Central Valley Firefighters CU
  • Credit unions' tax victory in Iowa could foreshadow more fights to come

    Credit unions nationwide celebrated a recent victory for the CU tax status in Iowa, but bigger battles in more states could be just over the horizon.

    May 14
    Chris Howard
    Callahan & Associates
  • Fraud
    Weighing the aftereffects of the scandal at Municipal CU

    What was unusual about CEO Kam Wong's alleged fraud wasn't that it happened but that it happened at such a large credit union.

    By Palash Ghosh
    May 14
    Kam Wong, former president and CEO of Municipal Credit Union. Wong pleaded guilty to charges of embezzlement on Nov. 19, 2019.
  • Lending
    Double-digit growth for Wisconsin state-chartered CUs in Q1

    State-chartered credit unions in the Badger State saw net income up 26 percent while total lending was up by more than 12 percent compared to the same quarter one year prior.

    By Palash Ghosh
    May 11
    Wisconsin CUs data
  • CUJ content
    Video for Research overview: Why the account/loan applicant experience matters and how to fix it
    May 11
    Video for Research overview: Why the account/loan applicant experience matters and how to fix it
  • CDFIs
    Proposed cuts to CDFI fund draw ire from credit unions, banks alike

    Several credit union and bank groups have formed a rare united front in letters opposing the Trump administration's rescission package.

    By Michael Bartlett
    May 11
    CDFI: A vested interest
  • Student loans
    CU Student Choice adds 7 new credit union partners in Q1

    The credit unions are primarily in the eastern half of the country, with assets ranging from $11 million to nearly $7 billion.

    By Palash Ghosh
    May 11
    Jim Holt, CU Student Choice
  • Financial reporting
    San Diego County Credit Union reports ‘positive’ financial results in Q1

    The San Diego-based credit union’s member base increases 10.5 percent in the first quarter, with total assets up to $8.4 billion.

    By Michael Bartlett
    May 11
    Teresa Campbell, president and CEO of San Diego County Credit Union
  • Artificial intelligence
    AI dominates Day Two of CO-OP's THINK Conference

    As chat bots, video assistants and other artificial inteligence tools proliferate, how can humanity – and credit unions – survive?

    By Michael Bartlett
    May 10
    p1b1mcibem1q5e1a2t7i3199pki96.jpg
  • Business development
    Why the ‘imagination gap’ is bad for business

    A former GE executive told the 2018 CO-OP THINK Conference too many institutions are harmed by stifling creativity – and the problem is getting worse.

    By Michael Bartlett
    May 10
    Beth Comstock, former vice chair for GE, speaking during the 2018 CO-OP THINK Conference in Chandler, Ariz.
  • Growth strategies
    Public Service CU to buy seven CO-OP branches in Detroit area

    As part of the deal, the the $275 million credit union has agreed to continue operating them as part of the shared branching firm's network.

    By Palash Ghosh
    May 10
    Jim Hanisch, CO-OP Network
  • Charter conversions
    Country FCU to change charter, name

    The move is expectedto take effect June 1.

    By Palash Ghosh
    May 10
    Country FCU branch
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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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