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Market Intelligence:
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  • Payday lending
    CUs helping Missouri legislature craft tighter payday loan rules

    A bill before Missouri's House of Representatives has several provisions that would put more regulations on payday lenders without harming CUs offering similar, safer products.

    By Nathan DiCamillo
    March 22
    Michael O’Brien, director of policy and government relations for St. Louis Community Credit Union, testifies before Missouri's Subcommittee on Short Term Financial Transactions about payday lending.
  • M&A
    LGE Community CU to acquire Georgia Heritage Bank

    This deal marks the fourth time already this year that a credit union has purchased a bank.

    By Palash Ghosh
    March 22
    Chris Leggett, LGE Community CU
  • ADA
    CUNA, Southeastern league file amicus brief in ADA suit in Alabama

    The credit union trades are standing behind The Infirmary Federal Credit Union in its motion to dismiss.

    By Nathan DiCamillo
    March 21
    Patrick La Pine, CUSC
  • Succession planning
    Texas-based Germania CU seeking new leadership as CEO retires

    The $10.6 million-asset credit union has selected Credit Union Resources, Inc. to conduct a search for CEO Cecil Barker's replacement.

    By Palash Ghosh
    March 21
    Marcus Cotton is VP at Credit Union Resources
  • CUSOs
    Open development CUSO receives $500K corporate CU investment

    Constellation Digital Partners, LLC, has raised $26 million in the last 10 months.

    By Nathan DiCamillo
    March 21
    Kris Kovacs, President and CEO of Constellation Digital Partners, LLC.
  • Regional banks
    How the other side lives (and works): Perks for today’s bank CEOs

    Some top bank executives — at big and regional institutions alike — enjoy premium perks, including personal travel on corporate aircraft and minimal wait times for fancy medical exams. Here’s an overview of the special items disclosed to investors so far this year.

    broughton-kristin-126.jpg
    By Kristin Broughton
    March 21
    Stock image of a corporate jet plane.
  • Lending
    As interest rates climb, how should credit unions respond and strategize?

    The Federal Reserve raised interest rates by a quarter-point at its Wednesday meeting and more increases are expected this year. Here's what credit unions need to know to be prepared.

    By Palash Ghosh
    March 21
    Federal Reserve Board Chair Jerome Powell addresses the Senate Banking Committee
  • Analytics
    CUNA Mutual AdvantEdge Analytics teams up with Microsoft

    The CUSO hopes to create an industry-leading data platform that helps credit unions compete with fintechs and banks.

    By Nathan DiCamillo
    March 21
    Tim Peterson, president of AdvantEdge Analytics
  • Consumer banking
    Will court ruling on robo-calling help or hurt consumers?

    FIs say that an appeals court’s decision to ease restrictions will allow them to warn customers more easily when loans are past due or accounts have been compromised. But consumer groups argue that the decision gives financial firms license to market their products more aggressively and could lead to more harassing phone calls over unpaid debts.

    petersandy126x126.jpg
    By Andy Peters
    March 21
    AB-032018-ROBO (1).png
  • CUJ content
    Video for Transforming traditional budgeting and planning to data-centric strategy and innovation
    March 21
  • Workforce management
    Not just middle management: branch leadership in the spotlight

    One credit union shakes up its mangement team with a bevy of new promotions, including five new branch managers, and more new hires, promotions and other personnel news.

    By Palash Ghosh
    March 20
    branch map1.jpg
  • Massachusetts
    AllCom CU enters FHLB's Equity Builder program for mortgage assistance

    The Worcester, Mass.-based credit union was selected to participate in the Federal Home Loan Bank of Boston's Equity Builder program, and can receive up to $110,000 this year to help homeowners with down payments, closing costs and more.

    By Palash Ghosh
    March 20
    Debbie Guiney, AllCom CU
  • Fintech
    Meet the fintech that understands the credit union ethos

    A growing number of fintechs are finding ways to cater their offerings to credit union members, including one co-founded by a former credit union CEO.

    By W.B. King
    March 20
    Nikhil Lakhanpal, Narmi
  • Succession planning
    Kentucky CU League promotes from within for next CEO

    President and CEO Wendell Lyons will retire early next year, to be succeeded by current EVP Debbie Painter. Both have spent approximately four decades in the movement.

    By Nathan DiCamillo
    March 20
    Debbie Painter, who will take over as CEO of the Kentucky Credit Union League on Jan. 1, 2019.
  • Lawsuits
    Class action suit against Northeast CU set to move forward

    The credit union is being sued by a member who claims the CU improperly charged him overdraft fees based on his available balance rather than his actual balance, thus triggering additional NSF charges.

    By Palash Ghosh
    March 20
    gavel-fotolia.jpg
  • Financial reporting
    2017 an A-plus year for Evansville Teachers FCU

    The Indiana-based credit union made significant gains in membership, lending, assets and more.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 20
    Evansville Teachers FCU 2017 growth - CUJ 032018.jpeg
  • Economy
    Minnesota CUs contribute $2.6 billion to state's economy: Report

    Analysis from the Minnesota Credit Union Network revealed a benefit of $69 per member or $132 per household as the result of credit union membership.

    By Nathan DiCamillo
    March 19
    Minnesota CUs 2017 consumer benefits - CUJ 031918.jpeg
  • Growth strategies
    Expansion opportunities: Credit unions in the community

    Celebrating new facilities, corporate philanthropy and other ways credit unions are giving back to their communities.

    By Michael Bartlett
    March 19
    United 030218.jpg
  • Regulatory relief
    The week ahead: Reg relief may have to compete for attention

    Credit unions will be watching as the Senate's regulatory relief bill heads to the House, but government spending and interest rates may delay that process by several weeks.

    By Nathan DiCamillo
    March 19
    U.S. Rep. Jeb Hensarling (R-Texas)
  • Risk-based capital rule
    CU supporters optimistic over bipartisan bill to delay RBC rule 2 years

    The bill – similar to legislation previously put forward – would delay implementation of NCUA's risk-based capital rule by an additional two years.

    By Michael Bartlett
    March 19
    U.S. Rep. Denny Heck (D-Wa.)
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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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