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CHANTILLY, Va. – Back-office service provider Online Resources Corp. reported an $800,000 loss for its second quarter, down from a $2.4 million loss last year, as revenues rose by 5%.
August 5 -
MADISON, Wis. – Another $7.2 billion in new deposits flowed into credit unions in June, putting 2012 on pace for the greatest inflow of funds into credit unions ever, according to CUNA.
August 1 -
PLYMOUTH, Minn. – NCUA announced this morning it has awarded the remnants of A M Community CU, a failed $135 million Kenosha, Wis., credit union, to TruStone Financial FCU under a purchase and assumption agreement.
August 1 -
The Golden 1 Credit Union said its midyear numbers show ROA has grown to 1.1% and capital now stands at 10.56%.
July 30 -
One Nevada Credit Union reported $590,000 in net income for the first six months of 2012, and a net worth ratio of 9.25%, as the Silver State's economy continues to improve slowly.
July 30 -
LAS VEGAS – Silver State Schools CU, the troubled one-time $1 billion credit union, reported a second quarter net of $1.2 million, but still had a loss of $2.3 million for the first six months of the year.
July 27 -
ALEXANDRIA, Va. – NCUA said this afternoon it has taken over Trinity CU, a troubled $4 million credit union in Trinidad, Colo.
July 27 -
WASHINGTON -- Regulators closed two small banks in Georgia and one each in Florida, Kansas and Illinois on Friday, making 38 bank failures so far in 2012.
July 22 -
RICHARDSON, Texas – Texans CU, the one-time $2 billion credit union run under NCUA conservatorship for the past year, reported an $11.7 million net for the first six months of 2012, as NCUA was able to slash its provision for loan losses by 93%, to just $1.3 million.
July 22 -
LAS VEGAS – One Nevada CU, the state’s largest credit union, reported net income of $590,051 for the first six months of the year, compared to a loss of $2.3 million for the first half of 2011.
July 18 -
SMITHFIELD, R.I. – Navigant CU announced this afternoon it merging Columbus CU, a $68 million in nearby Warren, R.I., with two branches.
July 18 -
BALTIMORE-- MECU of Baltimore paid its members a $2 million cash bonus last week, the first of two installments on its annual $4 million member payout.
July 16 -
The Money Anxiety Index, which measures the level of consumers' financial worry and stress based on economic indicators, rose in July, possibly indicating a second recession.
July 16 -
Some 196 million people around the world now belong to credit unions, according to new data for year-end 2011.
July 16 -
MOUNTLAKE TERRACE, Wash. – 1st Security Bank of Washington, a troubled former credit union known until 2004 as Washington’s CU, announced this afternoon it raised $32.4 million with an initial public offering, the latest credit union-convert to go public.
July 10 -
BOSTON – State regulators this afternoon approved the merger of Massachusetts State Employees CU, a troubled one-time $77 million credit union, into giant Metro CU in adjacent Chelsea, Mass.
July 9 -
Lending at credit unions continued a brisk pace during May, according to one new analysis that suggests lending will remain strong.
July 9 -
Melrose Credit Union in Briarwood, N.Y. is the nation's top performing credit union, according to a new ranking from SNL Financial.
July 9 -
The Glatt Consulting Credit Union Industry HealthScore, which ranks credit unions on a five-point scale, found the score for the first quarter of 2012 improved 9.7% from Q4 2011 and 3.19% from Q2 2011.
July 2 -
Credit Union Journal asked attendees of CUNA's recent America's Credit Union Conference what major initiatives their credit unions would be launching in the second half of 2012.
July 2
