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Market Intelligence:
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  • CUJ content
    Ruling Could Mean Refund On Members' Inactive Account Fees

    RICHMOND, Va. - Members at as many as a dozen Virginia credit unions stand to gain in inactive account fees and back-interest if an NCUA ruling on federal preemption is allowed to stand.

    May 28
  • CUJ content
    China Invites CU Reps

    GUIZHOU PROVINCE, China - A 14-member group representing the World Council and its board members will travel to China during June as part of a study group. The group will be led by WOCCU's Chief Operating Officer, Brian Branch, and Ralph Swoboda, its consultant on China. During the trip, credit union CEOs from the United States and Canada will study the rural credit cooperative (RCC) system and provide initial training on model credit union building.

    May 28
  • CUJ content
    What 1 Bank Group Never, Ever Mentions

    In its latest barrage, the Wisconsin Bankers Association (WBA) is asking taxpayers to take a hard look at the "burden" credit unions' tax-exempt status puts on our state.

    May 28
  • CUJ content
    Calendar

    JUNE

    May 28
  • CUJ content
    Some Thoughts From A Roundtable Of Credit Union CEOs

    We recently held an extended roundtable session and invited a dozen credit union executives to discuss the state of the industry. We sent out a pre-reading package, and then met for two days of in-depth debate and discussion.

    May 28
  • CUJ content
    10 High School Seniors Form CU's Advisory Council

    SAN ANTONIO - The $3.9-billion Security Service Federal Credit Union (SSFCU) has selected 10 San Antonio high school students to participate in its first annual Youth Advisory Council. The students will assist the credit union in the development of new youth products and services, helping co-create a new generation of financial products and services for children, youth and young adults, SSFCU said.

    May 28
  • CUJ content
    Call For Best Practices Entries

    The Credit Union Journal is announcing its Call for Entries for its Best

    May 28
  • CUJ content
    New Site For Pennsylvania's CUs

    HARRISBURG, Penn. - The Pennsylvania Credit Union Association has unveiled a new website at www.pcua.coop.

    May 28
  • CUJ content
    Wescom Continues Mortgage Expansion; Acquires CU West

    PASADENA, Calif. - Wescom Credit Union will acquire CU West Mortgage and merge it with CUSO Mortgage, which Wescom bought last year.

    May 28
  • CUJ content
    Member Balances Have Risen 10% Over Past Year

    PORTLAND, Ore. - Credit union members are borrowing more on their CU-issued credit cards. According to analysis by AssetExchange of the 2,050 CU card portfolios of $1 million or more, card balances among members grew significantly over the past year, with the average balance per member up 10% since March 2006 to nearly $2,200 by March of 2007.

    May 28
  • CUJ content
    Banks Discover There's Another Reward In Debit Reward Programs-For Themselves

    LINCOLN, Neb. - While credit unions are offering debit card reward programs as a means to both counter competitors and provide value to members, not every issuer has such altruistic intentions.

    May 28
  • CUJ content
    Merging Canadian Centrals Pick Name

    TORONTO, Ontario - A name has been chosen for the merged institution created by the partnership of Credit Union Central of Ontario and Vancouver-based Credit Union Central of British Columbia-Central 1 Credit Union.

    May 28
  • CUJ content
    Alabama's CUs Introduce Latest Media In Statewide, $400,000 Campaign

    BIRMINGHAM, Ala. - Alabama's credit unions have launched the latest in a $400,000 media campaign aimed at both creating a more positive political climate in the state for credit unions and at driving greater membership growth.

    May 28
  • CUJ content
    One Roadblock: It's Not Easy To Get A CU Started

    WASHINGTON - Perhaps one of the greatest concerns about the future of credit unions is one that isn't making headlines: the difficulty of chartering a brand new credit union.

    May 28
  • CUJ content
    CUSO Brings A New Twist To Relationship Related Marketing

    PHOENIX - With the cost of the average wedding approaching $30,000, a subsidiary of Desert Schools FCU here has created an insurance product to protect against the loss of deposits and other unforeseen events that can tarnish the big day.

    May 28
  • CUJ content
    Agenda

    Comment

    May 28
  • CUJ content
    CDCUs Outpace Others

    NEW YORK - Community development credit unions (CDCUs) significantly outpaced all other credit unions in membership growth during 2006 and showed strong performance in other categories, although the growth rate for assets has slowed.

    May 28
  • CUJ content
    Two Penn. CU Employees In Races

    JOHNSTOWN, Penn. - Two employees of Franklin-Johnstown FCU here have won local primaries and will be on the ballot this November for two positions in local government. Loan Officer Joanne Wright will be on the Republican ballot for Tax Collector in Paint Township, Somerset County.

    May 28
  • CUJ content
    Discover Plans Roll-Out Of Four New Card Programs

    BOCA RATON, Fla. - Discover Network has introduced four card products that seek to reward loyal members, expand its own brand in the credit card market and offer credit unions a turnkey program with minimal startup hassles.

    May 28
  • CUJ content
    Contactless Cards Seen As The Answer In Micro-Debit

    ATLANTA - Approximately $1.3 trillion in cash transactions are made every year for purchases of less than $5.

    May 28
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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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