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SALT LAKE CITY – NCUA and state regulators yesterday shuttered Beehive CU and assigned

The "Credit Union Industry HealthScore" created and monitored by Glatt Consulting, shows the overall "health" of CUs declined to 2.329 in Q3, down 2.01% from Q2 and a -6.76% change from Q3 2009.

PEORIA, Ill. – CEFCU paid its members a $7 million extraordinary dividend, one of the biggest of the year.

BALTIMORE – Municipal Employees CU paid members $2.1 million in loan rebates last week, the second of three installments in this year’s $4.25 million member payout.

WASHINGTON-The third quarter revealed some positive signs for CUs, including the best third quarter for loan activity in the last five years and net income growing to $3 billion, well above the $1.2 billion net income tallied in all of 2009.

WASHINGTON-A new analysis suggests credit unions will be paying the cost of rebuilding their deposit insurance fund in the wake of both natural-person and corporate CU failures for at least another 11 years.

ALEXANDRIA, Va.-Credit unions had one of their slowest quarters ever in the July-Aug. period, with both loan growth and deposit growth almost flat, NCUA reported last week.

ALEXANDRIA, Va. – NCUA said it has adding numerous disclosures to its 5300 Call Reports for the fourth quarter that will reflect each credit union’s payment for costs associated with the National CU Share Insurance Fund premium and the corporate credit union stabilization.

MADISON, Wis. – In what is turning out to be one of the poorest years on record for lending among credit unions, loan portfolios declined another 0.2% in October, meaning total credit union loans have fallen by almost 1.2% for the first ten months of the year, according to CUNA.

SALT LAKE CITY – NCUA and state regulators continue to shop Beehive CU, even as they conceded the one-time $200 million credit union has failed and will cost the National CU Share Insurance Fund more than $25 million to resolve.

LAKE BLUFF, Ill. – New requirements that credit unions and banks receive permission from customers to sign them up for overdraft protection for their checking accounts proved to be a positive–not a negative–with credit unions expanding their overdraft protection business as a result.

SAN BERNARDINO, Calif. – In a desperate attempt to trim operating expenses, ailing Arrowhead Central CU, run under NCUA conservatorship since June, announced this morning it is closing eight more branches by year-end, atop of the four branches sold this summer to Alaska USA FCU.

CUs Stagnated In Third Quarter

ANAHEIM, Calif.-The concerns credit unions had in 2005 would be welcomed today, according to Diana Dykstra.

MADISON, Wis.-A "disturbing trend" in CU lending is just one fallout from the recession and slow recovery, according to a new report.

William Haraf, commissioner of the California Department of Financial Institutions, predicted charge-off rates at credit unions and banks will continue at an elevated rate through 2013 or even 2014.

WASHINGTON – Regulators shuttered three more banks Friday, making a total of 149 bank failures for 2010.

ALEXANDRIA, Va. – The NCUA Board, facing growing losses from failed credit unions, agreed yesterday to launch a pilot program aimed at inducing healthy credit unions to acquire sick institutions by sharing future losses on the sick credit unions with the acquirers.

ALEXANDRIA, Va. – NCUA is working with the U.S. Justice Department on fraud investigations surrounding as many as a dozen credit union failures since the start of 2009, as the costs of failures continues to take a growing toll on the National CU Share Insurance Fund.

SAN DIEGO – Mitek Systems, fresh off some major wins for its mobile technology, announced yesterday it broke into the black for its fiscal fourth quarter to the tune of a $180,000 net, compared to a $328,000 loss for the fourth quarter last year.