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RALEIGH, N.C.-Is the definition of member equality changing? A small but emerging trend in the traditional year-end bonus and loan rebate paid by many CUs suggests that may be the case.
February 13 -
ARLINGTON, Va.-Over the next several years credit unions should pay close attention to signs of a rising-rate environment and prepare to take steps to protect their deposits.
February 6 -
PHOENIX – Among all of the emerging turnaround stories for one-time troubled credit unions, none may be more impressive than that of Arizona FCU – a one-time $1.9-billion credit union which reported a $45 million net for 2011 after teetering on the brink the past three years.
February 1 -
DOVER, Ohio – The more than 35,000 members of Dover-Phila CU received a year-end bonus dividend for the 17th consecutive year, this year totaling $1.6 million.
January 30 -
MIDLAND, Mich. – Dow Chemical Employees’ CU paid its members a $7.3-million bonus, one of the biggest credit union payouts of the year.
January 30 -
SAN DIEGO – North Island CU, which teetered on the brink just two years ago after $103 million in losses for 2008 and 2009, reported a strong $17.8 million net for 2011, its second straight year in the black.
January 30 -
RICHARDSON, Texas – Texans CU, a one-time $2-billion credit union being run under conservatorship by NCUA, followed up 2010’s $39.4 million loss with a loss of $88.7 million for 2011, one of the biggest ever for a credit union, NCUA reported yesterday.
January 30 -
RALEIGH, N.C. – Coastal FCU said this morning it paid its most loyal members, frequent users of checking accounts, a $1.5 million special dividend last week.
January 30 -
ALEXANDRIA. Va.-The nation's biggest credit unions brushed off NCUA's $2-billion corporate credit union assessment in the third quarter and moved past the huge loan losses of the prior three years to record one of their best years ever in 2011.
January 30 -
NAPANOCH, N.Y. – NCUA liquidated Eastern New York FCU Friday night and assigned the remnants of the one-time $60 million credit union to USAlliance FCU, the $760 million credit union based in the Manhattan suburb of Rye, N.Y.
January 28 -
LAS VEGAS – Silver State Schools CU, the one-time $1 billion credit union under state supervision for the past year, reported a $2.8 million loss for its fourth quarter and an $8.4 million loss for the year this afternoon.
January 27 -
PHOENIX-Desert Schools FCU, the state's largest credit union and which has been mired in red ink the past three years, is among the latest credit union giants to mark a return to the black for 2011.
January 27 -
RIVERSIDE, Calif. – Altura CU, a one-time $920-million credit union that has fought off big losses from 2008 through 2010, reported it broke back into the black for 2011 to the tune of $8.4 million.
January 26 -
MANHATTAN BEACH, Calif. – Kinecta FCU, a one-time $4.4-billion credit union giant that returned to the black last year after two miserable years and $126 million in losses, fell back into the red in 2011 to the tune of $30.6 million, slowing plans for its combination with nearby NuVision FCU.
January 26 -
PHOENIX – Desert Schools FCU, the state’s largest credit union which has been mired in red ink the past three years, is among the latest credit union giants to mark a return to the black for 2011.
January 24 -
ALEXANDRIA. Va. – The nation’s biggest credit unions brushed off NCUA’s $2 billion corporate credit union assessment in the third quarter and moved past the huge loan losses of the prior three years to record one of their best years ever in 2011.
January 23 -
COLORADO SPRINGS-- Ent FCU announced this morning it will pay a special dividend of between $25 and $1,000 to all but a handful of its 209,000 members on Wednesday, a total of $10 million.
January 23 -
ST. LOUIS – Neighbors CU shared $196,000 in the form of a special dividend that was paid on regular share (savings) accounts.
January 22 -
LAS VEGAS – One Nevada CU, formerly known as Nevada FCU, reported a net loss of $4.8 million for 2011.
January 22 -
BETHPAGE, N.Y. – Bethpage FCU, New York’s largest credit union, on Wednesday said in 2011 it boosted loans by 7.5% and deposits by 13%, or $450 million.
January 18