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Market Intelligence:
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Industry Data
  • Core conversions
    Interra Credit Union migrates to Symitar's EASE platform

    The Goshen, Ind.-based credit union had been running Symitar's Episys core processing system in-house, but elected to move to EASE out of a desire for greater resiliency in its business continuity planning.

    By Palash Ghosh
    January 18
    Ted Bilke, president of Symitar
  • CUSOs
    MEMBERS Development Co. adds four new credit union owners

    The credit union service organization gained 11 new member-owners in 2017, bringing total ownership to 50 CUs.

    By Palash Ghosh
    January 18
    Jeff Kline, MDC
  • Growth strategies
    OMNI Community CU’s rebate program hits milestones

    The Battle Creek, Mich.-based credit union has given rebate to members for 10 years, totaling $9.3 million.

    By Michael Bartlett
    January 18
    OMNI-Community-CU-rebate-CUJ-01182018
  • Growth strategies
    CommunityAmerica CU's annual Profit Payout returns $8 million to members

    The Kansas City-area credit union has returned a dividend to members for 22 consecutive years, and this is the sixth year in a row it has given back at least $5 million.

    By Michael Bartlett
    January 18
    In addition to paying out more than $5 million to members as part of its Profit Payout program, CommunityAmerica Credit Union gave back to consumers across the Kansas City area with gift card giveaways and more.
  • Technology
    How a new partnership aims to streamline credit union technologies

    A new alliance between CUNA and the Association for Financial Technologies is intended to ensure CUs are as competitive as possible when it comes to technology and support services.

    By W.B. King
    January 18
    Zach Duke, president of the Association for Financial Technology
  • Succession planning
    LA Police FCU names new CEO after longtime leader retires

    Edwin Hada succeeds retired CEO G. Michael Padgett, who served LAPFCU for more than three decades. Hada spent more than 10 years as SVP/CFO at the credit union.

    By Palash Ghosh
    January 17
    Edwin Hada, LAPFCU
  • Mortgages
    COCC, Ellie Mae partner for digital mortgage solution

    The cooperative financial technology company will offer Ellie Mae’s Encompass all-in-one mortgage-management product.

    By Nathan DiCamillo
    January 17
    Matt L’Heureux, COCC's SVP and chief product officer
  • Law and regulation
    Michigan CU League endorses Stabenow for Senate

    The Michigan Credit Union League endorsed the Senator's reelection bid due to her longstanding support for credit union issues.

    By Palash Ghosh
    January 17
    Debbie Stabenow meets with Michigan CU officials
  • Workplace management
    Executives advance at Veridian and Columbia and more personnel news

    Two CUs promote key people to new posts, plus more new hires, promotions and special recognition of credit union professionals across the country.

    January 16
    stairs.jpg
  • Data breaches
    With deadline nearing, Heartland CU Assc. joins CUNA's Equifax suit

    Credit unions, trade associations and others wishing to join the Credit Union National Association's class action suit against Equifax have until the end of January to do so.

    By Nathan DiCamillo
    January 16
    Brad Douglas, president and CEO of the Heartland Credit Union Association
  • Integrations
    Michigan's Portland FCU, SageLink CU to merge

    Portland FCU will convert to a state charter as part of the merger, and all employees of both institutions are expected to be retained.

    By Palash Ghosh
    January 16
    Harvey Hoskins, Portland FCU
  • CUJ content
    Video for Regulatory Compliance: Strengthen your internal control structure
    January 16
  • Regulatory reform
    How the wave of GOP departures will affect banking

    House Republicans are exiting Congress in droves ahead of the 2018 midterm elections and the stakes for the financial services industry could be significant.

    By Ian McKendry
    Reporter
    January 16
    Rep. Jeb Hensarling, R-Texas
  • Vendor management
    Tech's New Year’s resolution: Improving vendor contract negotiations

    Industry experts are recommending that credit union executives start off 2018 by reexamining vendor contracts.

    By W.B. King
    January 16
    samaha-sabeh-365-2.jpg
  • Litigation
    CU fights to keep alive lawsuit against Trump’s CFPB pick

    Lower East Side People's Federal Credit Union's case against the appointment of Mick Mulvaney as head of the CFPB turns on whether it has standing to sue.

    By Nathan DiCamillo
    January 15
    Mick Mulvaney, acting CFPB director.
  • Growth strategies
    CU on the Marine base: Credit unions in the community

    From opening new facilities to important donations and celebrity guests, here's another look at how credit unions are giving back to the communities they serve.

    By Michael Bartlett
    January 12
    Pacific Marine 122917.JPG
  • Marijuana banking
    Bulldog FCU becomes first Maryland CU to offer legal pot banking

    The Maryland credit union will offer business services to the medical cannabis industry.

    By Michael Bartlett
    January 12
    The lobby of a Bulldog Federal Credit Union branch. The Maryland-based credit union is the first CU in the state to offer banking services to the state's legal medical marijuana industry.
  • Growth strategies
    SAFE FCU pays out $1M+ in bonus dividends to members

    The South Carolina-based credit union has paid more than $30 million back to members in the last 20 years.

    By Palash Ghosh
    January 12
    Darrell Merkel, CEO of SAFE FCU
  • Economic indicators
    Conditions remain mostly sunny in Calif., Nev., but are troubles ahead?

    An economist for the California and Nevada Credit Union Leagues says trends are positive, but there are concerns that things could change in 2018.

    By Michael Bartlett
    January 12
    Dwight Johnston, chief economist for the California and Nevada Credit Union Leagues
  • Iot
    Back to school: PSCU, university partner for in-depth IoT study

    PSCU and the University of South Florida recruited graduate students for a 12-week educational program that examined financial service use cases for Internet of Things devices.

    By W.B. King
    January 12
    Nagrohan Mysore, a recent University of South Florida graduate who took part in an Internet of Things study coordinated by USF and PSCU
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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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