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Market Intelligence:
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  • Washington
    League Partnership Brings HR Solutions From Southeast to Northwest and Beyond

    SEATAC, Wash. and TALLAHASSEE, Fla. — A new state credit union league partnership could provide better HR solutions for CUs everywhere, and it's all because one league staffer wanted to relocate.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 24
  • Technology
    UMe FCU Increases Real Estate Loan Growth 30% Over Three Years

    BURBANK, Calif. — Three years ago Burbank Community Federal Credit Union rebranded itself as UMe Federal Credit Union. With a mobile-first product strategy, the $165 million CU has realized significant market gains, including a 30% jump in real estate lending.

    By W.B. King
    March 24
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  • Technology
    ALEC Expands Relationship With Fiserv

    BROOKFIELD, Wis. — Fiserv, Inc., provider of financial services technology solutions, said Abbott Laboratories Employees Credit Union has expanded its relationship with the company by adding multiple digital solutions.

    By Michael Bartlett
    March 24
  • Lending
    Are CUs in Danger of Losing Small Biz Loan Marketshare?

    As banks and alternative lenders start approving more small business loans, credit unions are facing growing competition for marketshare.

    By Palash Ghosh
    March 24
  • Technology
    Corelation Signs 7 CUs In First Quarter

    SAN DIEGO — Credit union core processor Corelation, Inc., said it has signed seven credit unions and converted three previously signed clients to its open architecture system, KeyStone, in the first three months of 2015.

    By Michael Bartlett
    March 24
  • CUJ content
    A Salute to Those Who Serve: In the Community

    Hanscom FCU thanks local veterans and more ways CUs give back to their communities.

    March 23
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  • Payments
    Move by Retailers Could Take Big Bite out of Interchange Income

    Credit unions stand to lose significant interchange fee income in the event that big retailers follow the lead of Walmart in switching from signature debit transactions to PIN-based transactions when customers swipe their debit cards upon making purchases.

    By Palash Ghosh
    March 23
  • Virginia
    Dorris' Day: NCUA Names Chief Information Officer

    ALEXANDRIA, Va. — NCUA announced that Edward Dorris has been named chief information officer, effective immediately.

    By Palash Ghosh
    March 23
  • Corporate credit unions
    NCUA Files Another Suit Against Wall Street Bank

    ALEXANDRIA, Va. — NCUA has filed another suit against one of the major Wall Street banks in relation to the failed corporate credit unions.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 23
  • Compliance
    Over Objections, CFPB Invites More Detailed Complaints

    WASHINGTON — The Consumer Financial Protection Bureau on Thursday finalized a controversial policy allowing consumers to describe their banking experiences more fully on the agency's complaint portal.

    Rachel Witkowski 092524
    By Rachel Witkowski
    Tech reporter
    March 20
  • CUJ content
    Weigh in on Supplemental Capital, MBLs, Small CUs and More

    Readers turn Credit Union Journal's website Into their soapbox, sounding off on today's hot topics.

    March 20
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  • Payments
    Fagan Leaves CUES To Take Helm at PSCU

    ST. PETERSBURG, Fla. — The board of directors of PSCU, the credit union service organization, announced that it has named Chuck Fagan as its president and CEO, effective April 27.

    By Palash Ghosh
    March 20
  • Massachusetts
    Somerset FCU Names New President/CEO and Board Chair

    SOMERSET, Mass. — Somerset Federal Credit Union has named Pamela Mello to the position of president and CEO of the $138-million institution.

    By Palash Ghosh
    March 20
  • Growth strategies
    How Boulder Dam CU Broke The Millennial Code

    BOULDER CITY, Nev. — While most credit unions say they would like to attract younger members, Boulder Dam CU reports a remarkable 85% penetration of 18-to-29 year olds in its field of membership.

    By Michael Bartlett
    March 20
  • Dangers of Housing Policy 'Hidden in Plain Sight' No More

    A new book by the American Enterprise Institute's Peter Wallison reveals how a government push to lower credit standards brought about the housing crisis — and why a new effort to expand homeownership could inadvertently set the stage for a fresh disaster.

    March 20
  • Growth strategies
    Is a Credit Union by Any Other Name the Same?

    In the last five years, a growing number of CUs have dropped the words "credit union" (or "federal credit union") from their names or do business in a manner that downplays their credit union status.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 20
  • CUJ content
    CU Merger Mania Hops the Pond to Ireland

    DUBLIN, Ireland — Proving that "merger mania" isn't just a phenomenon at U.S. credit unions, over 25% of Irish CUs are engaged in some form of merger discussions.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 19
  • Growth strategies
    Two Profitable Boulder-Area CUs Set To Join Forces

    BOULDER, Colo. — Two credit unions here plan to come together in a "merger of equals."

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 19
  • Compliance
    Board Votes to Eliminate Limits on Fixed-Asset Investments

    In a unanimous vote, the NCUA Board moved to eliminate a restriction that limited federal credit unions' investment in fixed assets to 5% of assets.

    John Reosti Author Image
    By John Reosti
    Reporter
    March 19
  • Growth strategies
    McGraw-Hill's 'Financial Wellness Center' Breaks the Branch Mold

    New York — McGraw-Hill FCU's "Financial Wellness Center" doesn't look like a typical credit union branch.

    By Palash Ghosh
    March 19
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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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