LAS VEGAS — For credit unions in the so-called "sand states" — Nevada, Arizona, California and Florida — their financial foundations are much like a sandcastle lapped by an approaching surf.
In this ongoing series, Credit Union Journal examines how some of the hardest hit credit unions are coping, and whether they will recover.
For CUs in the Sand States, the Forecast Remains Difficult
LAS VEGAS — For credit unions in the so-called "sand states" — Nevada, Arizona, California and Florida — their financial foundations are much like a sandcastle lapped by an approaching surf.
Glitter Gulch Losing Its Shine, COCU Working to Recover
LAS VEGAS — The tumbling economy smacked Glitter Gulch with a multi-pronged assault, but $162-million Community One FCU continues to serve its 21,500 members as best it can despite slipping into undercapitalized status.
The Members' Own Still on Merger Market
VICTORVILLE, Calif. — As The Members' Own FCU continues to make itself available on the credit union singles (merger) market, management is fighting to get out from under the weight of bad mortgage loans.
