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FAIRBORN, Ohio – Wright-Patt CU paid members a $4 million special dividend last week, the credit union’s second special payout in a row.
January 13 -
BROOMFIELD, Colo. – Members of Community Financial CU will get their share of a $375,000 special dividend this week.
January 12 -
PLANO, Texas - While many analysts are feeling optimistic about the economy and what's ahead in 2011, credit union CEOs apparently aren't joining them.
January 10 -
BRUNSWICK, Ga. – Marshland FCU announced last week it is closing two branches after costs associated with NCUA’s corporate system resolution and NCUSIF premium helped it plunge into the red last year.
January 9 -
HANSCOM AIR FORCE BASE, Mass. – Hanscom FCU returned $730,000 to its member-owners at the end of 2010 in the form of a loyalty dividend.
January 5 -
WASHINGTON – The dual trends of record-low savings rates and the de-leveraging of consumers has created a condition seldom, if ever, seen among credit unions – stagnation – that is, declines in both deposits and loans.
January 4 -
JAY, Maine – Otis FCU paid $350,000 in loan rebate and bonus dividends to end 2010.
January 3 -
ANTIGO, Wis. – CoVantage CU paid its members a $1.5 million patronage dividend, with the payout divided between loan rebates and additional savings dividends.
January 3 -
BAXTER, Minn. — With so many things beyond their control-NCUA assessments, increasing regulatory burden, interest rates and others-CFOs will continue to turn in 2011 to one of the few things they can control: costs.
December 30 -
WASHINGTON — With a continued slow recovery and no signs of a bounce-back in lending, credit unions' number one job in 2011 will be to find ways to gain greater share of their current members' loan business.
December 30 -
MADISON, Wis. — Forget Whoville — the Grinch will continue to be felt in CUville.
December 30 -
ARLINGTON, Va. — This year could prove to be even more difficult for CUs than 2010, cautioned Tun Wai, who is also concerned that credit unions may be tempted to move away from conservative lending practices as the weak economy drags on.
December 30 -
TEXAS CITY, Texas – AMOCO Federal Credit Union is paying a $1 million bonus dividend/loan interest refund to its members, the 15th year it has made such a year-end payment.
December 29 -
HARRISBURG, Penn. – Credit unions belonging to the Pennsylvania CU Association will receive a total of $500,000 in a “loyalty rebate” from the league’s CUSO.
December 28 -
SYRACUSE, N.Y. – Empower FCU here is paying $2.5 million in “give-back” bonus dividends to reward members for a successful year.
December 28 -
SALT LAKE CITY-NCUA and state regulators last week shuttered Beehive CU and assigned the assets of the one-time $200-million credit union failure to Security Service FCU, the $6-billion San Antonio-based credit union, the latest Utah failure to be go to an out-of-state credit union.
December 20 -
WASHINGTON – Regulators shuttered another six banks in four states, including three more in Georgia, in Friday, making 157 failures so far in 2010.
December 19 -
YUMA, Ariz. – NCUA brought in Thomas Martin, a long-time credit union executive, to manage AEA FCU, the one-time $410 million credit union taken over Friday evening.
December 19 -
YUMA, Ariz. – NCUA this evening took under conservatorship troubled AEA FCU, the one-time $410 million credit union that has accrued a growing portfolio of failed member business loans.
December 17 -
RIVERWOODS, Ill. – Discover Financial Services Co. said higher transaction volume on its credit cards contributed to a 5% growth in fourth quarter net income, to $346.5 million.
December 16
