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FAIRFAX, Va. – Apple FCU announced this morning it has completed the integration of nearby Synergy One FCU, a one-time $205 million credit union that racked up big losses from its home equity line of credit portfolio in the northern Virginia suburbs of Washington.
November 14 -
LANCASTER, S.C. – Founders FCU is the first credit union to announce a bonus dividend for the year, a $10 million payout.
November 10 -
HARBOR, Ore. – NCUA reported that additional loan losses provisions for Chetco FCU created a $13.7 million loss at the troubled credit union, leaving the one-time $375-million credit union with slightly more than 1% net worth at the end of the third quarter.
November 7 -
MANDAN, N.D.-While Williston, Watford City and Dickinson serve as the epicenter of North Dakota's oil boom, the entire state is feeling the effects.
November 7 -
North Dakota credit unions are having to deal with an energy rush that has led to the state being dubbed the Saudi Arabia of North America.
November 7 -
WASHINGTON-Should Carla Leon-Decker be approved by the Senate for a seat on the NCUA board, credit unions won't be able to complain she doesn't know anything about the challenges smaller CUs face in making money.
November 7 -
LAS VEGAS – Troubled Silver State Schools CU, under a supervisory agreement with state regulators, reported third quarter losses yesterday of $2.7 million, creating a $5.5 loss for the year and further jeopardizing a $22.8 million emergency infusion of capital provided to it by its private deposit insurer ASI Inc.
November 3 -
ALEXANDRIA, Va.-Credit unions across the country are plunging into the red, trimming healthy net incomes or just staying above water as a result of NCUA's corporate credit union assessment.
October 31 -
COLUMBUS, Ohio – Kemba CU has launched a program called the Fresh Start Checking Account to help people who either don’t have a bank checking account or have a troubled past.
October 27 -
EL SEGUNDO, Calif. – Xceed Financial CU has signed with Allpoint Network to offer its 43,000 surcharge-free ATMs to its members.
October 27 -
ST. PAUL, Minn. – Deluxe Corp. reported a 28% decline in net income, and a 3% drop in revenues for its third quarter, as its core checks business continued to erode.
October 27 -
NORTH CANTON, Ohio – Diebold reported a 9% drop in third quarter earnings yesterday, amid a 5% drop in revenues.
October 27 -
DULUTH, Ga. – Net income at NCR plummeted 84% for the third quarter to $16 million, despite strong revenue gains, as a result of several one-time expenses.
October 27 -
BIRMINGHAM, Ala. – NCUA yesterday took under conservatorship Birmingham Financial FCU, a troubled $1.3 million with just 429 members.
October 27 -
SAN BERNARDINO, Calif. – Arrowhead Central CU, the one-time $1 billion credit union being run by NCUA the past 15 months, has apparently turned the corner and is once again posting healthy financials.
October 27 -
ATLANTA – Equifax reported a 13% decline in third quarter net, even as revenues rose almost 4%, as the company spent $44 million on share repurchases during the quarter.
October 26 -
SAN FRANCISCO – Visa Inc. reported yesterday that fiscal fourth quarter net income surged 14% on the basis of a continued double-digit growth in debit.
October 26 -
ALEXANDRIA, Va. – Credit unions across the country are plunging into the red, trimming healthy net incomes or just staying above water as a result of NCUA’s corporate credit union assessment.
October 25 -
DES MOINES, Iowa-Credit unions comprise 30% of the firms listed in The Principal Financial Group's just-released "10 Best Companies for Employee Financial Security" for 2011.
October 17 -
RALEIGH, N.C. – As credit unions seek to grab a bigger share of deposits, State Employees’ CU has become the first credit union to publicly disclose its confidential financial condition as determined by regulators–its CAMEL code.
October 13