CALIFORNIA: Several large California credit unions reported their first losses ever last year. Arrowhead Central CU reported a $23 million loss for its fourth quarter, creating a $26 million loss for the year. Kinecta FCU, reported a 2008 loss of $44.3 million; Kern Schools CU, $24.3 million; California Coast CU, $23.8 million; Schools Financial CU, $2.8 million, and North Island Financial CU, $50.2 million.
ARIZONA: Desert Schools, the state's biggest credit union, had a $7.5 million loss; Arizona Central CU, $7.5 million; First CU, $11.7 million; Arizona State FCU, $5 million; Sunwest FCU, $4.9 million; TruWest FCU, $4.4 million; Altier FCU, $3.1 million; Tempe Schools FCU, $3.2 million; Tucson Old Pueblo FCU, $3 million, and Credit Union of the West, $2.6 million.
NEVADA: Community One FCU reported a $6 million loss; Greater Nevada FCU, $5.6 million; Clearstar FCU, $5.4 million; Ensign FCU, $4 million; Great Basin FCU, $2.3 million and Westar FCU, $6.4 million.
FLORIDA: Suncoast Schools FCU, the state's largest at $6 billion, reported a $76.7-million loss; Eastern Florida Financial CU reported a $40.2 million loss for the year; GTE FCU, $27.2 million; Jax FCU, $8 million; McCoy FCU, $4 million; Tropical Financial, $4.3 million; Community First CU, $3.4 million; Sarasota Coastal FCU, $2.7 million; First Florida, $1.9 million; Grow Financial CU, $2.8 million; Keys Financial FCU, $1.8 million; Insight Financial FCU, $1.1 million.
