Content classifications

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.

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.

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.

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.

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.

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.

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.

Credit unions can prevent, or at least limit, losses due to robberies and wire transfer fraud by implementing a few simple procedures.

One of the credit unions hit hardest in the country by the recession and real estate collapse, Silver State Schools, has a "long road" ahead ot it, but its CEO believes it will recover.

Consultant Michael Hudson suggests how people should share their ideas and brainstorm at their next management or board meeting.

Consultant Michael Hudson offered this "five point prescription" for making strategy work at the credit union.

Credit union CEOs are much more optimistic about the economic environment today than they were one year ago.

Banks and thrifts posted strong earnings for Q4 2011, according to new data from the FDIC.

General Motors employees are set to begin receiving bonuses of up to $7,000 each as a result of the auto giant's recent profitability.

Fueled by higher bank fees and the Bank Transfer Day movement, credit unions scored some of their biggest membership gains ever in the second half of 2011.

MANHATTAN BEACH, Calif. – Credit union giants Kinecta FCU and NuVision FCU have called off their proposed combination, which would have been the second biggest credit union merger ever, creating a $4.4 billion credit union.

A focus on cross-selling has helped Community Credit Union here move from negative loan growth in 2010 (-1.5%) to 4.5% in 2011.

The Money Anxiety Index for January stood at 93.9, an improvement of 1.4 index points over the same month in 2011 and is shaking out at 92.3 in February, an improvement of 0.7 over January, and a 2.4-point increase over the same month last year.

What the Great Recession had in store for Tom Dorety and Suncoast Schools FCU is something no credit union CEO could have prepared for.

RIVERSIDE, Calif.-The road to recovery has not been a pretty one for Altura Credit Union. But Mark Hawkins, its CEO, believes the worst of the problems are behind it.