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Market Intelligence:
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  • Technology
    The Biggest Cyberthreat to Your CU Might Be Sitting Next to You

    Cybercriminals and hackers are increasingly targeting people, and not just technology, in an attempt to breach financial institutions.

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    By Bryan Yurcan
    February 26
    cuj022916cybersecurity-3.jpg
  • Growth strategies
    Jafari No-Interest CU in Texas Is First New Credit Union of the Year

    The Houston-based institution plans to build profit into the repayment agreement for a loan, with profit replacing interest, under the model of other Muslim-based lenders.

    By Palash Ghosh
    February 26
  • Compliance
    NCUA Accepts $33 Million, Plus Interest, From UBS in MBS Suit

    The credit union regulator's latest recovery from legal action following the corporate credit union crisis brings total legal recoveries to more than $2.4 billion.

    By Palash Ghosh
    February 26
  • Lending
    How Fannie Plans to Use 'Trended Data' to Better Assess Risk

    Understanding how consumers pay their debts over time is expected to widen access to credit for consumers recovering from financial problems or who were hard to score before. Just how many it will benefit is an open debate.

    collins-brian-blog.jpg
    By Brian Collins
    Reporter
    February 26
  • Compliance
    Why the CFPB Has Not Named a Permanent No. 2

    The Consumer Financial Protection Bureau has not named a permanent deputy director since July. Given the contentious political battle over Cordray's recess appointment and ultimate confirmation by the Senate in 2013, some former officials say it may wait until after the election to make a choice. Here's why.

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    By Kate Berry
    Reporter
    February 26
  • Career moves
    Looking at CUNA's 2016 Governmental Affairs Conference

    Nearly 5,000 credit union advocates were in Washington this week for the Credit Union National Association’s Governmental Affairs Conference. Here’s a look at what they saw and heard in the nation’s capital.

    February 25
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  • Growth strategies
    Minnesotans Save Nearly $200K in First-Time Prized-Linked Accounts

    More than one thousand Minnesotans opened prize-linked savings accounts at credit unions since they were launched in the North Star State in January.

    February 25
  • Technology
    Sageworks Unveils Three New Products

    Sageworks, a financial information company that provides credit risk and risk management solutions to credit unions and banks, announced a series of a new products and product enhancements.

    By Michael Bartlett
    February 25
  • Growth strategies
    NCUA Rolls Out New Consumer Site to Promote Savings

    The National Credit Union Administration has developed a new consumer website explains the mission of credit unions and provides tips on saving money.

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    By Andy Peters
    February 25
  • Career moves
    Longtime Credit Union Lobbyist Charles 'Chuck' Zuver Dies at 83

    Total Spectrum’s John McKechnie pens tribute to old friend and mentor.

    February 25
  • Compliance
    CFPB Should Exempt Credit Unions From Certain Rules: Lawmakers

    Several members of Congress endorsed an effort to send a joint bipartisan letter to the Consumer Financial Protection Bureau asking for more exemptions for CUs and small banks.

    By Ian McKendry
    Reporter
    February 24
  • Compliance
    CFPB Should Exempt Credit Unions from Certain Rules: Lawmakers

    WASHINGTON — A day after Consumer Financial Protection Bureau Director Richard Cordray told financial industry executives that Congress did not intend to exempt small institutions from most rules, several lawmakers begged to differ.

    By Ian McKendry
    Reporter
    February 24
  • Compliance
    NCUA Shuts Down Tiny West Virginia Credit Union

    Mildred Mitchell-Bateman Hospital FCU is the second liquidation of the year.

    By Palash Ghosh
    February 24
  • Career moves
    Danahey Named CEO of St. Anne's; First Female Chief Executive at CU

    St. Anne’s Credit Union said its board appointed Eileen M. Danahey as its new president and chief executive officer, making her the first woman to hold these titles at the $864 million institution.

    By Palash Ghosh
    February 24
  • Compliance
    GAC Coverage: Credit Unions and CFPB on Same Team, Cordray Says

    Director of Consumer Financial Protection Bureau makes appeal to CUs to work with his agency; says they have 'much ground in common.'

    By Ian McKendry
    Reporter
    February 24
  • Compliance
    GAC Coverage: NCUA Shows Support for Network Credit Union Mergers

    The top leaders of the National Credit Union Administration said Tuesday that they support an alternative option that would allow credit unions to merge some operations.

    By Ian McKendry
    Reporter
    February 24
  • Technology
    CUSO Provides Call Center Support During Three Core Conversions

    GRAND RAPIDS, Mich. – Operational CUSO Xtend Inc., said it recently provided inbound call center support for members of three credit unions during the CUs’ core data processing conversions.

    By Michael Bartlett
    February 23
  • Lending
    Cornerstone Community CU Partners with LendingPoint

    DES MOINES--Cornerstone Community Credit Union has partnered with online marketplace lender LendingPoint to provide loan products for its members that struggle to qualify for traditional financing.

    February 23
  • Compliance
    Kicking off CUNA’s Governmental Affairs Conference

    Nearly 5,000 credit union advocates are in Washington for the Credit Union National Association’s Governmental Affairs Conference this week. Keynote speakers include Lisa Bodell, Ted Koppel and a 2016 Elections Point-Counterpoint with Paul Begala and Mike Murphy. Key policymakers include CFPB Director Richard Cordray, NCUA board members Debbie Matz, J. Mark McWatters and Rick Metsger as well several U.S. senators and representatives.

    February 23
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  • Career moves
    Moore Retires from Members 1st CU; Vanderpol Is New CEO

    Redding, Calif.—Mark Moore has stepped down as the chief executive officer of Members 1st Credit Union on Jan. 31 after serving in that role for almost 24 years.

    By Palash Ghosh
    February 23
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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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