BOSTON — Credit unions in half-dozen states — particularly the so-called Sand States of California, Arizona, Nevada and Florida — may be sinking deeper and deeper, but many credit unions around the country are growing and even prospering their way through the recession.
That's according to interviews conducted by The Credit Union Journal during CUNA's annual America's Credit Union Conference last week in Boston. Read on to see what they had to say.
Silver Lining for Storm-Torn Area
LAKE CHARLES, La. — In southwest Louisiana, where hurricanes have taken a major toll the past few years, CSE FCU is booming, according to Ken Gardner Jr.
More Branches Planned
OSTHEMO, Mich. — Sometimes it pays to be far away from the bright lights and big city, as one credit union in Michigan has discovered.
How One CU Is Pushing to Expand While Others Contract
Credit Union Journal | Mon DayFORT WORTH, Texas — While credit unions in the beleaguered "sand states" are shuttering branches, one credit union here is getting ready to expand its branch network.
CUs Put Focus on Lending
BOSTON — Shares have come rolling in at credit unions in Massachusetts, where the focus is on finding ways to lend out all that cash.
NY CUs Know How to Make Most of a Good Crisis
FARMINGDALE, N.Y. — In any crisis, someone is able to cash in, and some credit unions in New York are doing just that right now.
