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Market Intelligence:
AI
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Industry Data
  • Coronavirus
    The big rethink: Credit unions on changes driven by pandemic

    Twelve months after the public health emergency began, executives say it forced them to reexamine where employees work, retail strategies, office layouts and more.

    By Ken McCarthy and Aaron Passman
    March 22
    coronavirus image from CDC
  • Racism
    Credit union groups decry racism toward Asian Americans

    Several organizations serving the industry are speaking out following a series of murders in Atlanta.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 19
  • Succession planning
    Vizo Financial CEO to step down this summer

    Jay Murray has spent 30 years with the corporate credit union but plans to leave in June to spend more time with family.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 19
    Jay Murray, outgoing CEO of Vizo Financial Corporate Credit Union
  • Corporate credit unions
    NCUA readies $369M payout tied to corporate credit union failures

    About 2,000 credit unions will receive a disbursement in connection with the failure of three corporates during the financial crisis, but the agency indicated nearly $2 billion in additional payments could be coming.

    John Reosti Author Image
    By John Reosti
    Reporter
    March 18
  • Succession planning
    Pawtucket Credit Union finds new leadership close to home

    The Rhode Island institution's next CEO has led lending operations at nearby Navigant Credit Union since 2017.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 18
    Brian Azar, incoming president and CEO of Pawtucket Credit Union
  • Opinion Credit unions need a new mortgage servicing model

    As the refi boom continues, many lenders will need to find the right balance of staffing and technology to meet members’ needs.

    March 18
    Louann Bernstone
    Louann Bernstone
    Promontory MortgagePath, LLC
  • Earnings
    8 takeaways from NCUA's 4Q state-level data

    A new report from the regulator shows slower growth in membership and lending, as well as a decline in the number of credit unions reporting profits.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 18
  • Cyber security
    Report: Nearly half of all credit unions at increased risk of cyberattack

    A new study from Black Kite outlines a variety of threats facing the industry and pinpoints the average cost of a breach at large and small institutions alike.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 17
    cybersecurity-hack-data-breach-cloud
  • Law and regulation
    Bipartisan Senate bill would raise loan maturity limits for FCUs

    The proposed legislation is similar to a package put forward in 2020 and another introduced in the House in 2019.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 16
    Senator Catherine Cortez Masto, a Democrat from Nevada.
  • Diversity and equality
    13 CEOs launch Credit Union Women’s Leadership Alliance

    The new group is made up of leaders from institutions with assets of $300 million or less and aims to help foster collaboration, mentorship opportunities and more.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 15
  • Succession planning
    Search begins for New Hampshire Federal Credit Union's next CEO

    Longtime leader John Young plans to retire at the end of 2021, and the credit union has hired Humanidei to find a replacement.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 15
  • Law and regulation
    Week ahead: PPP extension, NCUA board meeting

    Lawmakers this week will continue to discuss extending the Paycheck Protection Program, and the National Credit Union Administration is scheduled to hold its monthly board meeting.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 15
    Capitol Hill, Washington D.C.
  • Credit cards
    This credit union is going after Chase cardholders. Will other lenders do same?

    After digging deep into member data, Randolph-Brooks FCU in Texas developed a marketing campaign aimed at persuading JPMorgan Chase clients to switch to the credit union's own card. It's an effort its peers could imitate.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 15
  • Coronavirus
    SECU rolls out $1,000 bonuses for staff as pandemic hits one-year mark

    The nation's second-largest credit union is thanking all full-time employees for their work since COVID hit. But even as vaccinations ramp up, remote work will be the norm for several more months.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 12
    lord-mike-secu
  • ABS
    California credit union launches first-time auto ABS transaction

    Unify Financial is sponsoring a $300M securitization of prime auto loans. The $3.3 billion-asset institution is only the second CU to sell securities backed by auto loans since the NCUA gave the green light for credit union securitizations nearly four years ago.

    By Glen Fest
    March 12
  • Succession planning
    CEO of Oklahoma's Credit Union to retire after 4 decades in charge

    Mark Kelly will step down next month as president and CEO of the Oklahoma City-based institution. He will be succeeded by the credit union's executive vice president.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    March 12
    Mark Kelly, retiring CEO of Oklahoma's Credit Union
  • Career moves
    Xceed CEO Freeborn to chair Global Women's Leadership Network

    A longtime fixture in the industry, Teresa Freeborn succeeds GWLN founder Susan Mitchell as chair of the group.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 11
    freeborn-teresa-xceed-financial-250.jpg
  • Opinion It's time for credit unions to reimagine rewards programs

    There are signs that participation in cardholder loyalty offerings is slipping. Credit unions must reengage members if they hope to retain those accounts.

    March 11
    Bill Hampton
    Bill Hampton
    FIS
  • Succession planning
    Credit Union Association of New Mexico names first Latino CEO

    Juan Fernandez Ceballos will take the helm at the state league following Paul Stull’s retirement this summer.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 11
    Juan Fernandez Ceballos, incoming CEO of the Credit Union Association of New Mexico
  • Social media
    Credit unions need younger members. Can TikTok help?

    The social media platform skews toward a more youthful demographic, while credit unions' average member age has been stuck in the late 40s for decades. But even institutions that use it have concerns about security.

    Aaron Passman is editor of Credit Union Journal
    By Aaron Passman
    Editor
    March 11
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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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