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Market Intelligence:
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  • Succession planning
    1st United CU promotes from within for new CEO

    CFO Steve Stone has been elevated to the chief executive position following the retirement of CEO Victor Quint.

    By Palash Ghosh
    April 3
    Steve Stone, 1st United CU
  • Core conversions
    Cherokee Strip CU signs core data deal with CU*Answers

    The $70 million-asset credit union is scheduled for conversion by the end of this year.

    By Palash Ghosh
    April 3
    Johnny O’Hare, Cherokee Strip CU
  • Field of membership
    Credit unions face risks if NCUA appeals field of membership ruling

    If the National Credit Union Administration appeals a judge's decision against part of its rule, it could help the ABA potentially upend other provisions.

    John Reosti Author Image
    By John Reosti
    Reporter
    April 2
    ncua 2
  • HELOCs
    Homeowners tapping into more equity, while keeping leverage low

    Mortgage borrowers collectively hold more equity in their homes than at any other time on record, but while some analysis shows they've been slow to borrow against this newfound wealth, credit union home equity lending was up significantly last year.

    Tarkazikis-Elina.jpg
    By Elina Tarkazikis
    Reporter
    April 2
    CU home equity lending - CUJ 040218.jpeg
  • Succession planning
    Bill Raker to retire from Firefly Credit Union at year-end

    After 32 years of service – 20 as CEO – the credit union veteran will step down at the $1.2 billion-asset institution.

    freeman-lisa-2016-250.jpg
    By Lisa Freeman
    Former Editor in Chief
    April 2
    Bill Raker, who will retire as CEO of Firefly Credit Union at the end of 2018.
  • Financial crimes
    NCUA bans three in March prohibition orders

    The trio of former credit union employees all pleaded guilty to various charges of fraud and theft.

    By Palash Ghosh
    April 2
    ncua-seal-cuj-121117.JPG
  • Growth strategies
    With big goals in mind, Kinecta FCU and soccer's LA Galaxy team up

    In a first for the credit union, Kinecta FCU will be the exclusive financial services partner of the Major League Soccer team and its home venue, StubHub Center.

    By Michael Bartlett
    March 30
    Pre-game festivities at StubHub Center in Carson, Calif., home of Major League Soccer's LA Galaxy. The Galaxy and Kinecta Federal Credit Union have entered into a marketing partnership together, the first sponsorship of that kind for the credit union.
  • ADA
    NAFCU files amicus brief on behalf of APCI FCU

    Latest ADA website lawsuit against a credit union filed in Eastern District of Pennsylvania.

    By Michael Bartlett
    March 30
    NAFCU President and CEO Dan Berger
  • Field of membership
    Bound by faith and thrift: The double-edged sword of Christian CUs

    Christian credit unions are unique institutions often supported by a faith community, but they face many challenges similar to those of secular CUs.

    By Nathan DiCamillo
    March 30
    Fr. Kevin Bauman of South Bend, Ind.’s Our Lady of Hungary Parish (left) presents a photo of Our Lady of Guadalupe to Notre Dame Federal Credit Union president and CEO Tom Gryp with the Most Reverend Bishop Kevin Rhoads of the Diocese of Fort Wayne-South Bend, who blessed the credit union’s newest branch on Western Avenue.
  • Field of membership
    Judge’s ruling a mixed bag for credit unions as trades vow to fight on

    A federal judge has upheld two provisions from NCUA's revised field-of-membership rule but struck down two other measures related to population centers.

    By Aaron Passman and John Reosti
    March 29
    gavel-fotolia.jpg
  • Recruiting
    Credit unions tap new crop of leaders

    Several credit unions make key hires at the "chief" level in finance, marketing, business development and more.

    By Palash Ghosh
    March 29
    org chart1.jpg
  • Finance, investment and tax-related legislation
    Northwest Credit Union Association hails advocacy wins

    Northwest CU Association hails victory in all three of the states it represents, including an update to Idaho's Credit Union Act, as well as bills related to data security and municipal deposits.

    By Michael Bartlett
    March 29
    Troy Stang, NWCUA
  • Growth strategies
    Northern California CU changes name to Compass Community CU

    Following a charter change from employee-based to a community-based field of membership, the credit union said the new name will help it reach its new base.

    By Palash Ghosh
    March 29
    Ray Litchfield, Compass Community Credit Union
  • Elections
    Calif. credit union CEO appointed mayor

    Mendell Thompson, president and CEO of America’s Christian Credit Union, was named mayor of Glendora, Calif. by the city council.

    By Nathan DiCamillo
    March 29
    Left to right: Glendora, Calif. City Council Member Karen Davis, Mayor Pro Tem Judy Nelson, Mayor Mendell Thompson, Council Member Gary Boyer and Council Member Michael Allawosis.
  • Biometrics
    Can you hear me now? VACU sings the praises of voice authentication

    Voice authentication software has improved call center service at Virginia Credit Union and shortened call times by nearly 25 percent.

    By W.B. King
    March 29
    Virginia Credit Union member authentication times - CUJ 032918.jpeg
  • Growth strategies
    All 56 Maine credit unions grew in 2017: Report

    Membership, lending and assets were up at every single credit union in Maine last year, according to a recent report from the Maine Credit Union League.

    By Palash Ghosh
    March 29
    Todd Mason, Maine Credit Union League
  • Succession planning
    Christian Community Credit Union names new CEO

    Doug Martinez succeeds John Walling, who spent 39 years at the helm.

    By Michael Bartlett
    March 29
    Doug Martinez, CEO of Christian Community Credit Union
  • Minimum wage
    Coastal Credit Union hikes minimum wage to $15

    The North Carolina-based credit union will increase its starting pay to more than double the federal minimum wage.

    By Nathan DiCamillo
    March 28
    Coastal Credit Union CEO Chuck Purvis
  • Succession planning
    Taunton FCU announces CEO's retirement, successor

    John Damaso will retire this July after spending 25 years with the credit union. He will be succeeded by SVP Nelson Tavares.

    By Palash Ghosh
    March 28
    John Damaso , Taunton FCU
  • ADA
    CUNA, LSCU file second ADA amicus brief in a week

    Alabama-based Naheola Credit Union is the latest CU to face a suit citing alleged violations of the Americans With Disabilities Act.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 28
    Patrick La Pine, CUSC
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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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