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Market Intelligence:
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  • CUJ content
    Church Treasurer Looted CU Account

    BRISTOL, Tenn. – The former treasurer of First Christian Church this week was found guilty of draining almost all of the $170,000 in the church’s accounts at United Southeast FCU over an eight-year period and using the money for his own purposes.

    November 8
  • CUJ content
    ‘Homer Simpson Bandit’ Pleads Guilty to Eight Robberies

    NEW ORLEANS – An Arkansas man on Wednesday pleaded guilty to eight armed robberies in four states in three weeks, including one in nearby Metairie, then one at Alabama CU, 300 miles away in Tuscaloosa, Ala., the next day.

    November 8
  • CUJ content
    Diebold Offers Skimmer Detectors

    NORTH CANTON, Ohio – ATM maker Diebold yesterday unveiled new technology aimed at preventing “skimming” of cards numbers at an ATM or point of sale.

    November 8
  • CUJ content
    Troubled ATM ISO TRM Reports More Losses

    PORTLAND, Ore. – TRM Corp., the one-time backbone of the CO-OP ATM network, reported third quarter losses of $4.9 million, or 28 cents a share. That’s down from $98.1 million for last year’s third quarter, when the company wrote down more than $100 million in assets.

    November 8
  • CUJ content
    AmeriCU CU Eyes $10,000 Shopping Spree

    ROME, N.Y.– The Griffiss Park Branch of AmeriCU CU here will be the site tomorrow of a drawing in which one person will win $10,000 and have five hours to spend it as part of a shopping spree.

    November 8
  • CUJ content
    Red River FCU Opens In-Store Branch in Hispanic Market

    TEXARKANA, Texas – Red River FCU is expanding its efforts to reach the area’s growing Hispanic population by opening a branch Vero’s Latino Store.

    November 8
  • CUJ content
    Merger Will Create Montana’s Third-Largest CU

    GREAT FALLS, Mont. – Montana FCU, the state’s ninth-largest credit union, is poised to absorb Community FCU and leap-frog into the position as the third largest.

    November 8
  • CUJ content
    C-Plant FCU Expands Business Services CUSO

    PADUCAH, Ky. – C-Plant FCU yesterday announced plans to sell shares in its Alliance Institutional Services, LLC, CUSO to as many as six other credit union partners. The credit union expects to increase the asset base of the CUSO to more than $1 billion over the next 90 days.

    November 8
  • CUJ content
    Transmission Builders FCU Signs With Lending Solutions

    KOKOMO, Ind. – Transmission Builders FCU yesterday said it has contracted with Lending Solutions Inc. for online lending services.

    November 8
  • CUJ content
    Mortgage Rates Continue to Move Lower

    McLEAN, Va. – Mortgage rates declined again this week, for the third week in a row, according to Freddie Mac.

    November 8
  • CUJ content
    Bid Would Save Credit Unions from Predatory Lending Bills

    WASHINGTON – NAFCU is working with members of the House to exempt prime mortgage loans from pending legislation that would allow bankruptcy court judges to rewrite the terms of home loans brought before them in personal bankruptcies.

    November 8
  • CUJ content
    Guilty Verdict in 2001 Slaying of Armored Guard at DFCU

    DETROIT – A 40-year-old Ford assembly plant worker yesterday was found guilty of a 2001 armed robbery of an armored truck at Dearborn FCU, which left a guard shot to death.

    November 8
  • CUJ content
    OnPoint Community CU Celebrates 75th Anniversary With $75,000 in Community Grants

    PORTLAND, Ore. – OnPoint Community CU announced yesterday it made a total of $75,000 in grants to 10 community groups to mark its 75th anniversary.

    November 7
  • CUJ content
    Lenders Block Bid to Let Bankruptcy Judges Amend Mortgages

    WASHINGTON – Mortgage lenders, including credit unions and banks, convinced the House Judiciary Committee last night to postpone a vote on a bill that would give bankruptcy judges the power to amend the terms of mortgages during the bankruptcy proceedings.

    November 7
  • CUJ content
    Visa to Pay AmEx $2.1 Billion to Settle Antitrust Case

    NEW YORK – Visa Inc., which is preparing to go public in an initial offering, yesterday announced it has agreed to pay American Express $2.25 billion to settle charges that Visa, MasterCard and their issuing banks and credit unions illegally blocked American Express from the bank-issued card business in the United States.

    November 7
  • CUJ content
    Meter Maid Charged With Theft

    ST. PAUL, Minn. – A long-time public works employees on Tuesday was charged with stealing as much as $34,000 worth of coins he was supposed to be collecting from parking meters over a period of nine months.

    November 7
  • Texas
    Texans CU Raises $85,000 for Diabetes Research

    RICHARDSON, Texas – Texans CU employees raised more than $85,000 for the Juvenile Diabetes Research Foundation’s Walk To Cure Diabetes in Collin County.

    November 7
  • CUJ content
    Inmate Who Committed Suicide Identified as 'X-Games Bandit'

    SACRAMENTO, Calif. – A 34-year-old man who committed suicide in the Sacramento County jail last month has been identified as the serial bank robber known to law enforcement agencies as the “X-Games Bandit.”

    November 7
  • CUJ content
    RTP FCU Unveils Real-Time Open Solutions Interface

    DURHAM, N.C. – RTP FCU has become the first credit union in the country to convert to a real-time interface with Open Solutions' “The Complete Credit Union System,” which also is referred to as the “Standard Market Edition.”

    November 7
  • CUJ content
    Martin FCU Signs with LEVEL5 for Community Chartering Advice

    ORLANDO, Fla. – Martin FCU yesterday said it has hired LEVEL5 to develop a strategic retail delivery plan and design and build branches to support the credit union’s community charter.

    November 7
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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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