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SAN BERNARDINO, Calif. – NCUA announced this afternoon it hired Darin Woinarowicz, the chief financial officer at Kern Schools FCU, as permanent CEO at Arrowhead Central CU, the one-time $1 billion credit union that has been under NCUA conservatorship since June 2010.

MADISON, Wis. – Executive compensation at credit unions has gone up with the improvement in credit union financial performance, as this year’s increases for executive comp were double last year’s, according to CU Executives Society.

ALEXANDRIA, Va. – Share growth among credit unions stagnated in the second quarter, growing by just 0.1%, while loans expanded a tepid 0.7%, NCUA reported this afternoon.Despite the sluggish loan growth, second quarter results represent a reversal of the three previous quarters of declining loan volumes.Still, return-on-assets, the industry’s key profitability indicator, increased to a strong 77 basis points, fueled by better cost controls and lower loan losses. The mid-year ROA is up slighly from the 74 bps for the first quarter, and the 51 bps for all of 2010.“The second quarter financials demonstrate the continued resilience of the credit union industry,” said NCUA Board Chairman Debbie Matz. “Specifically, I am pleased to see that net income has risen significantly since 2010, and that lending has grown for the first time in four quarters.Delinquencies remain near historically high levels, but they continue to trend downward. In the second quarter, credit unions reported a loan delinquency ratio of 1.58%, a 5 basis point improvement from the prior quarter. Similarly, the net charge-off ratio declined to 0.95% in the second quarter, a drop of 5 basis points from the end of March.Credit unions also reported 76,720 members filing bankruptcy in the second quarter, a 13% drop compared to first quarter filings. The percentage of loans charged off due to bankruptcy rose slightly to 24% through June 30, while the change in outstanding loans subject to bankruptcy dropped by 31% since the prior quarter-end.

AUGUSTA, Ga.-When CSRA Credit Union here merged with Atlanta's Associated CU in late 2009, it did not disappear.

LAS VEGAS – Silver State Schools Credit Union has released Q2 financials showing it lost $2.9 million during the second quarter, with a year-to-date net loss of $2.8 million.

RIVERSIDE, Calif.-Altura Credit Union, which has struggled with profitability, is reporting net income of $3.1 million on total assets of $693.6 million for the second quarter.

SAN FRANCISCO-GTE Federal Credit Union was on the brink of having to close its doors a year ago. But an influx of new talent and a change in focus has led the CU back to profitability.

HARTFORD, Conn. – State regulators on Wednesday issued a supervisory agreement directing The Greater Norwalk Area CU to resolve a big loan delinquency problem and to build its dwindling capital.

ATLANTA – Payments processing giant First Data Corp. reported this morning that debt service incurred in its 2007 takeover by private equity giant Kohlberg Kravis Roberts & Co., continues to keep it mired in the red, with second quarter losses increasing another 3% to $175.8 million.

SAN DIEGO – San Diego Metropolitan CU announced Friday it will close two branches effective Sept. 30, and lay off 12 employees as it tries to right itself from difficult times.

NEW HAVEN, Ind. – East Allen FCU is closing its Leo branch Aug. 20, due to a lack of funds, partially attributed to NCUA’s corporate assessments, it told members last week.

BALTIMORE – MECU gave its members a $2 million payout, the first half of its anticipated Christmas bonus dividend.

VIENNA, Va. – The nation’s defense credit unions, most of which successfully avoided the financial meltdown of 2009-2010, are continuing to post strong financials for the first half of 2011 – many as if there never was a national economic crisis.

ALEXANDRIA, Va. – Some of the nation’s biggest credit unions are reporting strong financials for the first six months of the year, pointing to credit union-rebound around the country, even in the hard-hit Sand States. The combination of lower loan losses and reduced expenses is righting several large credit unions that reported big losses in recent years. Florida’s biggest credit union Suncoast Schools FCU, which had $107 million in losses for 2009 and 20101, reported its second straight positive quarter producing $14.2 million in net income for the first half of 2011, as its provision or loan losses declined by $34.5 million from the same period last year. “Suncoast's improving numbers are mostly the result of extremely hard work by our staff in their efforts to limit losses by making the right decisions for our members who still face financial challenges,” said Tom Dorety, president of the $5 billion credit union. “Our conservative funding of the allowance account during the worst part of the recession is, as expected, contributing to our improving net income. We expect continuing improvement going forward and look forward to increasing the value our members receive from the credit union.” Suncoast’s Tampa neighbor GTE FCU, which reported $48 million in losses for 2009 and 2010, reported a first half net of $1.5 million. Utah’s America First CU, which had $25 million in 2009 and 2010 losses, reported a $9.3 million net for the first half of 2011. California CU, with almost $35 million of losses for 2009 and 2010, reported net income of $6.4 million for the first half; while NuVision FCU reported a $5 million net, after losses for 2009 and 2010. Arrowhead Central CU, under NCUA conservatorship after $50 million of 2009 and 2010 losses, had an $11.3 million net for the first six months. Several other large credit unions are reporting big first halves too. Washington’s BECU reported a $67.6 million first half net, more than the $63.4 million in netted for all of 2010. Minnesota’s Wings Financial CU had a $25.1 million net for the first six months, more than its $23.8 million 2010 net. California’s Star One CU had a first half net of $34.8 million, well on the way to topping last year’s $58 million net.ALEXANDRIA, Va. – Some of the nation’s biggest credit unions are reporting strong financials for the first six months of the year, pointing to credit union-rebound around the country, even in the hard-hit Sand States.

MOFFAT, Colo. – NCUA this afternoon took over Saguache County CU, a one-time $24 million community development credit union that has been operating under a state cease and desist order for two years.

ALEXANDRIA, Va. – The 2010 failure of Beehive CU, the one-time $190 million Salt Lake City credit union that failed in its effort to convert to a bank, was largely caused by weak management and board oversight and lax regulatory oversight by NCUA and state regulators, a new report issued this afternoon by NCUA’s office of the Inspector General concludes.

LAS VEGAS – Troubled Silver State Schools CU said this afternoon David Rhamy, its CEO since 1999, will retire July 11 and be succeeded by Andy Hunter, the former president of California’s Patelco CU.

JACKSONVILLE, Fla.-Community bankers are seeing some of the same numbers as credit unions and beginning to recoup some of the charge-offs that have plagued their balance sheets the past few years.

SAN ANTONIO-Despite a recent consumer survey which found a substantial segment of the public believes the economy is heading straight past a double-dip recession and on to a depression, two CUNA economists say credit unions can expect improvements on their balance sheets in the second half of 2011 and into 2012.

SAN ANTONIO-Credit unions are being cautioned that as they expand membership by adding business accounts and related services, including online banking and checking account services, they must perform proper due diligence or risk potential losses that may be uninsurable.