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Market Intelligence:
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  • CUJ content
    Polish and Slavic FCU Signs With FirstClose

    BROOKLYN, N.Y. – Polish and Slavish FCU yesterday said it has signed with First Lenders Data’s FirstClose unit to provide it with bundled mortgage settlement services.

    February 5
  • CUJ content
    Greater New Castle Community FCU Chooses TRC for Online Training

    NEW CASTLE, Penn. – Greater New Castle FCU on Tuesday said it has signed with TRC Interactive to provide it with online training services for employees.

    February 5
  • CUJ content
    Brotherhood CU to Help Pay Heating Costs for Low-Income Households

    LYNN, Mass. – Brotherhood CU yesterday said it is partnering with the Massachusetts Coalition for the Homeless to help 29 local households pay for heating costs during February.

    February 5
  • CUJ content
    Wing Financial FCU Adds Black Airline Pilots

    APPLE VALLEY, Minn. – Wings Financial FCU continues to add to expand its affinity agreements, yesterday announcing a deal with the Organization of Black Airline Pilots.

    February 5
  • CUJ content
    Congress Eyes Reforms to Community Reinvestment Act

    WASHINGTON – In what is expected to be a first step to reforms, the House Financial Services Committee yesterday scheduled a hearing for next week to celebrate the 30th anniversary of the Community Reinvestment Act, the law that requires that banks and thrifts set out a plan to provide services to communities they serve and that regulators monitor that plan.

    February 5
  • CUJ content
    Credit Union 24 Goes Live With CU Here Premium

    TALLAHASEE, Fla. – Starting today, participants in Credit Union 24 will have access to more than 45,000 ATMs in all 50 states surcharge free.

    February 5
  • CUJ content
    Employee Charged in CU Identity Theft

    LOUISVILLE, Ky. – An employee at Beacon Community CU was charged with stealing the personal account information of dozens of members, then obtaining credit cards in their names to tap into their accounts.

    February 5
  • CUJ content
    Public Service CU Names Filene’s Bob Hoel as Norlarco Representative to Its Board

    DENVER – Public Service CU, which recently acquired the assets of failed Norlarco CU, yesterday named Bob Hoel, the former director of the Filene Research Institute and former chairman of the Norlarco board, to its board to represent the 42,000 Norlarco members who now are part of the $640 million credit union.

    February 5
  • CUJ content
    NCUA Ratchets Up Scrutiny of Losing CUs

    ALEXANDRIA, Va. – NCUA yesterday said it has added full-time examiners and is conducting additional supervision to some credit unions in the face of huge losses being reported for 2007.

    February 5
  • CUJ content
    TD AMERITRADE Completes Purchase of Fiserv Unit

    OMAHA, Neb. – TD AMERITRADE Holding Corporation here and Fiserv, Inc., Brookville, Wis., announced that TD AMERITRADE has completed its purchase of Fiserv’s Investment Support Services (ISS) business for approximately $225 million in cash plus the amount of acquired regulatory capital.

    February 4
  • CUJ content
    Congress Plans Hearing On Diversity In Financial Services

    WASHINGTON–On the heels of Credit Union Journal’s ongoing special report on diversity in the credit union movement, U.S. Rep. Melvin L. Watt (D-NC), Chairman of the Subcommittee on Oversight and Investigations, said his subcommittee will hold a hearing on diversity in the financial services industry.

    February 4
  • CUJ content
    Fidelity National, Digital Insight In Partnership

    JACKSONVILLE, Fla. – Fidelity National Information Services, Inc. (FIS) has entered into a relationship with Digital Insight through which DI will begin offering FIS' Premium Bill Pay and Presentment solution to its clients.

    February 4
  • CUJ content
    Last Of Four Suspects Charged In Pipe Bomb Scheme

    COLUMBIA, S.C. – The last of four suspects charged in a scheme to plant pipe bombs at a school in order to create a diversion during a credit union robbery has been convicted for his role in the scheme.

    February 4
  • CUJ content
    Washington’s Bankers Seek To Scuttle ID Theft Bill

    OLYMPIA, Wash. – The Washington Credit Union League is charging this state’s bankers are more interested in commercial customers than the everyday working person.

    February 4
  • CUJ content
    Pricing Changes May Drive More Debit Payments To IRS

    WASHINGTON – Most consumers who pay federal taxes with debit cards this year will be charged less than in the past now that both of the companies authorized to process such payments are routing them as PIN-less debit transactions.

    February 4
  • CUJ content
    Fed Report Finds Bankers Pessimistic About Economy

    WASHINGTON – The nation’s banks believe the United States is entering a recession and are pessimistic about Washington’s plans to get the economy back on track.

    February 4
  • CUJ content
    Group To Do Due Diligence On Due Diligence

    WASHINGTON – CUNA has established a “Due Diligence Task Force” to explore a variety of due-diligence responsibilities, in particular those related to third-party vendors.

    February 4
  • CUJ content
    President’s Budget Cuts CDFI Fund Dollars By 58%

    WASHINGTON – The president is asking for a $28.6 million appropriation for the Community Development Financial Institutions (CDFI) Fund, a 58.2% slashing of the fund from last year’s appropriation of more than $58 million.

    February 4
  • CUJ content
    Fitch Projects Card, Auto Charge-Offs To Increase Significantly

    NEW YORK – Credit rating agency Fitch, Inc. is forecasting that credit card charge-offs will increase by at least 35% during 2008 and that auto loans losses will increase by at least 50%.

    February 4
  • Florida
    A Florida Credit Union Posts $49.5M Loss

    In one of the biggest credit union losses ever, Eastern Financial Florida Credit Union in Miramar reported a fourth-quarter loss of $49.5 million.

    February 4
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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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