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MONTGOMERY, Ala. – Two more credit unions have announced year-end bonuses.
December 8 -
BALTIMORE – MECU here said it will pay its members a loan interest rebate of $1.139 million, or 6% of the interest paid on loans between June 25 and Nov. 30 of this year.
December 7 -
BATTLE CREEK, Mich. – OMNI Community CU will be paying $1 million to its members in its 4th Annual Cashback Rebate.
December 5 -
ATLANTA-Total consumer debt has nearly returned to pre-recession levels, including a 32% growth among credit card originations, according to the newly released Equifax National Credit Trends Report. But home equity lending continues to slide.
December 5 -
EUGENE, Ore. – NCUA Friday night liquidated O.U.R FCU, a one-time $5-million credit union it has been running under conservatorship since October, and assigned the remnants to Northwest Community CU, a $675-million credit union in nearby Springfield, Ore.
December 4 -
ALEXANDRIA, Va. – Two more troubled Las Vegas credit unions will be merged out, the latest in a string of deals that continues to winnow the state’s credit unions, NCUA reported this morning.
December 2 -
PENSACOLA, Fla. – Gulf Winds FCU will pay its members a $1 million bonus dividend – an average of $21 per member – to be divvied up to members with share accounts.
December 1 -
COLLINSVILLE, Ill. – Scott CU will be paying members a total of $1.1 million in bonus dividends and loan rebates later this month.
December 1 -
ALEXANDRIA, Va. – NCUA reported this afternoon its $2 billion third quarter assessment for the corporate credit union resolution erased almost half of the industry’s net income for the period, resulting in third-quarter earnings of $1 billion for the industry’s 7,179 federally insured credit unions, down from $1.9 billion in the second quarter.
December 1 -
FAIRBORN, Ohio – Wright-Patt CU announced this morning it is paying members a $5 million special patronage dividend.
December 1 -
OGDEN, Utah – Goldenwest CU will pay its members a $575,000 bonus dividend, the eighth straight year the credit union paid a bonus.
November 28 -
WASHINGTON-Anti-bank sentiment and Bank Transfer Day may have gotten the headlines, but the nation's banks quietly closed out the third quarter by reporting their profits rose to their highest level in more than four years.
November 28 -
WASHINGTON-Holiday cheer continues to be sparse as the holiday season approaches.
November 28 -
WASHINGTON -- Bank earnings rose in the third quarter to their highest level in more than four years, while the number of troubled banks fell for the second straight quarter, the FDIC reported this morning.
November 22 -
WASHINGTON-Checking accounts are growing at five times the rate of CU membership, indicating that more members are making the credit union their PFI.
November 21 -
PHILADELPHIA – NCUA issued a rare cease and desist order to a troubled community development credit union yesterday that could wipe out all of the tiny CDCU’s remaining capital.
November 17 -
LAS VEGAS – Ailing Silver State Schools CU will continue to trim expenses by closing three more of its 12 Las Vegas area branches by mid-January, the credit union said yesterday.
November 16 -
COLORADO SPRINGS, Colo. -- Air Academy FCU laid off 19 employee, last week as a result of a slowdown in home lending and a restructuring program aimed at offering services online that has resulted in the closure of four branches.
November 15 -
SAN DIEGO – Shares in Mitek Systems declined almost 7% yesterday after the provider of mobile banking services reported a $219,000 loss for the fourth quarter.
November 15 -
DEARBORN, Mich. –DFCU Financial, the one-time auto workers credit union, announced a $21 million special patronage dividend this morning, the biggest ever for credit unions.
November 15

