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MANATI, P.R. – NCUA said this afternoon it liquidated Industries Puerto Rico FCU here, the 25th credit union failure of the year, and assigned the assets of the one-time $7 million credit union to nearby Borinquen Community FCU.
September 13 -
SAN DIMAS, Calif.-WesCorp FCU has launched a new investment tool it claims will help credit unions maximize earnings potential.
September 13 -
DALLAS-The rock-bottom returns available to credit unions on their investments combined with members who increasingly have become savers has CUs, corporates, and investment advisors across the country experimenting with different strategies to resolve the liquidity challenge.
September 13 -
CHARLESTON, S.C.-Credit union CFOs admit extending investment maturity to chase yield is a consideration due to earnings pressure.
September 13 -
COLORADO SPRINGS, Colo.-At a time when many credit unions are resigned to riding out the low-rate investment market, there remains a very real challenge in how to price both loans and deposits in a record low environment.
September 13 -
WEST PALM BEACH, Fla.-Most credit unions are flush with cash right now, thanks to a confounding combination of low loan growth and rapid deposit growth. Adding to the conundrum is an investment market in which yields are lagging and returns approaching historical lows.
September 13 -
LOMBARD, Ill.-While CFOs told Credit Union Journal they are not going long on investments to chase yield, Raddon Financial Group fears many are, and recommends fundamental changes in how CUs do business as better alternatives to improve earnings.
September 13 -
SAN DIEGO – USA FCU, the one-time $710 million credit union chartered to serve the area’s Navy personnel that has been severally wounded by the region’s real estate bust, announced it has agreed to be merged into Navy FCU, one of several bidders for the ailing institution.
September 13 -
SAN ANSELMO, Calif.-Declining mortgage rates may be getting the attention, but rates being paid on certificates of deposit (CDs) nationally also continue to slide.
September 6 -
ALEXANDRIA, Va.-Loan delinquencies and charge-offs retreated a bit in the second quarter among credit unions, but member bankruptcies soared to twice that in the first quarter, weighing down profitability and posing new challenges for the movement, NCUA reported.
September 6 -
LAS VEGAS-In a town that prides itself on over-the-top promotion, a bland assessment of the local economy may turn out to be the best news in many months.
September 6 -
WASHINGTON-Costs to bail out the corporates and replenish the NCUSIF over the coming years will be below 2010 levels, and will result in assessments below what many credit unions are bracing for, according to Callahan & Associates.
September 6 -
CLEVELAND – In another of a growing number of disputes over participation lending, NCUA filed suit in federal court here yesterday contesting ownership of a $11 million participated loan that belonged to the year’s biggest credit union failure, St. Paul’s Croatian FCU, a one-time $250 million credit union shuttered in May.
September 3 -
BELOIT, Wis. – NCUA said First American CU, a one-time $160 million credit union here, was liquidated today, the 24th credit union failure of the year.
September 1 -
ALEXANDRIA, Va. – Loan delinquencies and charge-offs retreated a bit in the second quarter among credit unions but member bankruptcies soared to twice that in the first quarter, weighing down profitability and posing new challenges for the movement, NCUA reported this afternoon.
August 30 -
COMMERCE, Calif.-Nearly every CU in the U.S. has seen a decline in net worth. But the case of the former Certified FCU here may set the record for fastest decline ever.
August 23 -
SAN FRANCISCO-Despite Patelco Credit Union's turnaround from a $14.6-million loss in 2009 to $9.4 million in net income for the first quarter, Ken Burns is far from ready to declare victory over the recession.
August 23 -
WASHINGTON – Lawyers for Kappa Alpha Psi FCU insisted this morning they will continue to contest NCUA’s liquidation of their tiny credit union, even after NCUA has paid off all of its 1,341 members and is well on the way to completing the liquidation.
August 18 -
ALEXANDRIA, Va. – NCUA said it won’t wait for tomorrow’s court hearing on the liquidation of tiny Kappa Alpha Psi FCU and has gone ahead and liquidated the $750,000 credit union serving the national African-American fraternity.
August 17 -
CAPITOLA, Calif.-Bay Federal Credit Union is a stronger CU today than when it entered into the recession. That is the message from Carrie Birkhofer, CEO of the $601-million CU in this seaside town near Santa Cruz.
August 16



