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Market Intelligence:
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Industry Data
  • Financial crimes
    NCUA bans former Iowa branch manager for fraud

    The National Credit Union Administration issued only one prohibition order in March, barring a former branch manager of Greater Iowa Credit Union in Ames from working in the financial services industry.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 31
    ncua 2
  • Corporate philanthropy
    TTCU donates $100,000 to Tulsa race massacre memorial

    The credit union has made a four-year commitment to support the 1921 Tulsa Race Massacre Centennial Commission and Greenwood Rising, a local history center.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 30
    TTCU representatives pictured during a check presentation to the the Tulsa Race Massacre Centennial Commission
  • CUSOs
    Former Partners FCU chief to lead new technology CUSO

    John Janclaes spent more than 15 years at Partners Federal Credit Union but has moved on to help launch a new credit union service organization from Nymbus.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 30
    John Janclaes, pictured during a 2017 credit union conference near Seattle
  • Credit unions
    Why Alaska, Idaho credit unions are growing when others aren't

    Data from the National Credit Union Administration shows the two states are bucking the trend of slowdowns in membership and lending.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 30
  • Enforcement actions
    Edinburg Teachers Credit Union placed into conservatorship

    The Texas-based institution is the third credit union to be taken over by regulators this year.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 26
    ncua 2
  • Law and regulation
    NCUA approves extended comment period for CUSO proposal

    The 30-day extension comes after the American Bankers Association requested additional time to consider the rule's impact.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 26
    ncua 2
  • Corporate philanthropy
    Premier Members commits at least $50K to Boulder crisis fund

    The Colorado credit union has pledged to match at least $50,000 in donations to a local foundation assisting with the community's recovery following a mass shooting at a grocery store that left 10 people dead.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 26
  • Opinion For mortgage lenders, changes driven by the pandemic are here to stay

    Credit unions were already transforming their home loan operations before COVID-19, but many of the adjustments made as a result of the outbreak are likely to become permanent.

    March 26
    Clint Salisbury
    Clint Salisbury
    International Document Services Inc.
  • Succession planning
    Everence Federal Credit Union promotes chief lending officer to CEO

    Matthew Gehman will take the helm at the Lancaster, Pa., institution on April 1, succeeding W. Kent Hartzler, who has been CEO since 2007.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 26
    Matthew Gehman, the next president and CEO of Everence FCU
  • Branch banking
    A new kind of shared branching for trio of Calif. credit unions

    While many institutions are part of nationwide shared-branch networks, three Southern California credit unions have agreed to share one facility. The arrangement is believed to be the only one of its kind.

    By Chuck Green
    March 26
    The Credit Union Center in Fontana, Calif., is a shared service facility for members of Credit Union of Southern California, Pacific Transportation Federal Credit Union and Printing Industries CU.
  • M&A
    Maine credit unions call off merger

    A planned combination of Maine State Credit Union in Augusta and Midcoast Federal Credit Union in Freeport has been nixed despite receiving approval from regulators.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 25
  • Earnings
    Achieva Credit Union surpasses $2 billion-asset mark

    The Dunedin, Fla.-based institution reported an 18.8% surge in assets last year, along with substantial growth in commercial lending, thanks in part to the Paycheck Protection Program.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 25
  • Earnings
    Earnings surge at Texas Trust Credit Union

    The Arlington-based institution made gains across several metrics in 2020, including loan growth of 22%, driven in part by the mortgage refi boom.

    March 24
    Jim Minge, CEO of Texas Trust Credit Union
  • Succession planning
    Succession plan in place at Marshfield Medical Center Credit Union

    David Murphy, the credit union's vice president of risk and finance, will succeed Carol Adler, who is retiring.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 24
    David Murphy, incoming presdient of Marshfield Medical Center Credit Union
  • Growth strategies
    Can cash incentives help credit unions recruit new members?

    Some institutions have experimented with cash-based rewards to kick-start membership growth, but it's unclear whether the strategy will be widely adopted.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 24
  • Succession planning
    CEO of Teachers Credit Union steps down unexpectedly

    Paul Marsh resigned as president and CEO of the South Bend, Ind., credit union on Tuesday after 30 years there. An interim chief has been named and the board is searching for a permanent successor.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 23
    Paul Marsh, president and CEO of Teachers Credit Union
  • Lending
    Loans fell, membership and savings balances rose in January

    CUNA Mutual Group's latest Credit Union Trends Report shows consumers continue to deleverage thanks to stimulus payments and cash-out refinancing, though membership picked up slightly.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 23
  • Succession planning
    Northeast Credit Union CEO to retire this summer

    Timothy Collia will step down from the Portsmouth, N.H.-based institution later this year. A search for his successor is already underway.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 22
    Timothy Collia, CEO of Northeast Credit Union in Portsmouth, N.H.
  • Opinion Chartering a new credit union shouldn't be this hard

    Changes to CDFI Fund regulations could make it significantly easier to raise the capital required to get a new institution off the ground.

    March 22
    Cliff Rosenthal
    Cliff Rosenthal
    Archer+Rosenthal
  • Law and regulation
    Week ahead: Stimulus payments and political donations

    NCUA Chairman Todd Harper has reiterated his call for CUs not to garnish members' econimic impact payments, while the industry's largest PAC has resumed campaign contributions after a brief pause.

    March 22
    Capitol Hill, Washington D.C.
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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.

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