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Loan growth is hardly keeping pace with surging membership growth through the first two months of 2012, according to an analysis released last week by CUNA Mutual.
April 23 -
San Diego Medical Federal Credit Union has been ranked No. 1 among all CUs nationwide for Average Investment Yield for nine consecutive quarters, but according to CEO Paul Lewis, being on top is not the goal.
April 23 -
RICHARDSON, Texas – NCUA announced this morning that Texans CU, the one-time $2 billion credit union it has operated under conservatorship the past year, reported a $5.9 million net for the first quarter of the year, even as the biggest NCUA conservatorship ever continues with negative net equity of $40 million.
April 23 -
ALEXANDRIA, Va. – NCUA said Friday it approved another 21 credit union mergers, more than half of which will erase ailing credit unions.
April 22 -
DULUTH, Ga. – ATM maker NCR reported a more than doubling in first quarter earnings yesterday, to $29 million, amid an 18% rise in revenues.
April 19 -
ALEXANDRIA, Va. – NCUA reported Friday it approved 19 more mergers, half of which include an ailing credit unions being merged into a healthy one.
April 8 -
Credit unions in the United States have surpassed a singificant milestone, and now have more than $1 trillion in total assets.
April 6 -
SAN ANSELMO, Calif. — The downward trend in deposit rates that began five years ago may be reversing course, according to one new analysis by Market Rates Insight.
April 6 -
Although the easy answer seems to be $318-million Telesis Community Credit Union was taken into conservatorship by the California Department of Financial Institutions due to its extensive member business lending activities, other circumstances also were involved.
April 2 -
WYOMISSING, Penn. – Utilities Employees CU, which bills itself as a “virtual” credit union because the majority of its transactions are conducted online, has hit the $1-billion mark in assets.
April 1 -
WASHINGTON – Even as they trash the credit union tax exemption on Capitol Hill, more and more banks are opting for their own tax-exempt charter under the designation of a closely held Subchapter S corporation, enabling them to claim a tax exemption roughly equivalent to that for all of the nation’s 7,200 credit unions.
March 28 -
ALEXANDRIA, Va. – NCUA announced it banned James Talbert, director at D.C. Government Employees FCU, from the credit union industry for disclosing publicly the credit union’s CAMEL rating last year after its president and CEO Carla Decker was nominated to serve on the NCUA Board.
March 28 -
RIVERSIDE, Calif. – Altura CU, in the midst of a financial turnaround, is reopening a branch in Murrieta, one of four closed last year to help the troubled credit union slash expenses.
March 27 -
CHARLOTTE, N.C. – NCUA liquidated tiny Shepherd’s FCU, a year-old community development credit union, this morning in the latest sign of the difficulties facing small credit unions.
March 26 -
The size of the "small cash" market is great, which bodes well for the potential of overdraft revenue. But other forces at work and just over the horizon may limit, if not severely reduce, the overdraft market for banks and credit unions.
March 26 -
DENVER – In what is believed to be the biggest compensation deals ever paid a credit union executive, Public Service CU reported it paid its CEO David Maus a compensation package of $11 million when he retired in 2010, after 30 years heading the credit union.
March 25 -
CHATSWORTH, Calif. -- The California Department of Financial Institutions took over Telesis Community CU, the one-time $625 million credit union with one of the biggest member business loan portfolios in the country, Friday night and appointed NCUA as conservator.
March 23 -
Even with last year's modest 1.2% loan growth rate pushing the loans-to-assets ratio down to 59.4%, credit unions were able to generate a 40% increase in net income over 2010.
March 19 -
Problems in strategic planning at credit unions often begin at the top, and then are compounded as they are filtered to the rest of the organization, if they filter down at all.
March 19 -
The National Credit Union Share Insurance Fund ended 2011 with an equity ratio of 1.30% after the year-end transfer from the NCUSIF to the Stabilization Fund, according to data released last week by NCUA.
March 19


