RANCHO CUCAMONGA, Calif. - (01/10/04) -- The California/Nevada CU leagues areplanning to launch statewide radio advocacy ads in both states onJan. 19, and print ads next month, part of the $6 million marketingcampaign approved by members in November. The ads will tout thegeneral benefits of credit unions, for both members andnon-members, by the benchmark of better rates and service thatbanks must match, according to Henry Kertman, spokesman for theleagues. "The goal is to demonstrate a much broader support forcredit unions," Kertman told The Credit Union Journal. About 10% ofthe ads, currently being developed by ad firm Foote, Cone &Belding, will be in Spanish, he said. The campaign will focus onradio and print because of the high-cost of TV spots in California,among the most expensive media markets in the country.
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The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
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The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
11h ago -
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
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The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
April 18 -
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
April 18