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LAKE BLUFF, Ill.-Credit unions did not manage their balance sheets as well as banks in 2009, and it may cost them in the coming year, according to a stress test just released by Moebs $ervices.
April 19 -
PHILADELPHIA – A man paroled from prison in February after serving a six-year sentence for bank robbery was identified on video cameras as the individual who held up a TruMark Financial CU branch Friday.
April 18 -
EL SEGUNDO, Calif.-One of the problems with reining in Reg Flex is that in the process, NCUA could unwittingly rein in credit unions' ability and appetite to innovate, suggested Teresa Freeborn, CEO of Xceed FC, who offered her perspective on the proposal.
April 12 -
BEL AIR, Md.-NCUA's changes to its Reg Flex program are appropriate given the changing economic environment, according to Rose Ann Lambert, CEO of Freedom FCU here.
April 12 -
PALATKA, Fla.-A credit union CEO who appealed to Congressional leaders and President Obama for help and flexibility has no issue with NCUA's decision to alter its Reg Flex program.
April 12 -
MIAMI-The number of consumers behind on their mortgage payments but current on their credit cards continues to rise, while bankruptcies are also set to increase.
April 12 -
MIAMI-Big banks are acting more like credit unions, at least it when it comes to collections, and their efforts are apparently paying off. With unemployment near double digits nationwide, many customers are newly delinquent and in positions to which they are not accustomed.
April 12 -
DALLAS-Everything is bigger in Texas, including some of the challenges for its smallest CUs. This concept is well illustrated by CUs operating as very small fish in very large ponds, yet also finding niches in which they can prosper in the Lone Star State's largest markets.
April 5 -
DALLAS-Texas Health Resources CU CEO Suzanne Chism believes small credit unions help paint a picture for those outside of CU circles that may help turn the tide in a legislative battle with banks.
April 5 -
SAN ANTONIO-Express News FCU is making headlines in tough economic times. CEO Linda Tudyk said support from its newspaper sponsor, San Antonio Express News is critical to the success of the credit union.
April 5 -
HOUSTON-The future is bright for Light Commerce Credit Union, according to its CEO, Harlene Johnson, noting the CU is looking to add members this year by leveraging its relationship with its sponsor.
April 5 -
HOUSTON-This south Texas city was able to dodge most of the effects of the recession until last fall, when a construction slowdown affected members of Union Fidelity FCU, and the CU swung into action, according to CEO Cindy Hester.
April 5 -
WASHINGTON-CEOs polled by Credit Union Journal have primarily expressed support but also some mild irritation with NCUA's plan to dial back its regulatory flexibility (Reg Flex) program. But not all agree.
April 5 -
RALEIGH, N.C.-Success may be too much for some large credit unions, which are looking at drawing in the reins a bit because of the negative affects growth is having on their regulatory capital.
March 29 -
BIRMINGHAM, Ala.-Economic conditions and credit union balance sheets have changed dramatically since Dennis Dollar was chairman of NCUA. But Dollar doesn't believe conditions warrant NCUA's plan to broadly rein in the "Reg Flex" program he put in place while at the agency.
March 29 -
BIRMINGHAM, Ala.-Picture a world where a credit union needs to get permission from NCUA to buy a copier. That's just one of the very real potential consequences of NCUA's proposal to rein in Reg Flex, according to Dennis Dollar, the CU consultant who penned the original Reg Flex program when he was NCUA chairman in 2002.
March 29 -
ALEXANDRIA, Va.-With losses growing among credit unions, the NCUA Board last week proposed reining in its popular regulatory flexibility program, known as Reg-Flex, which eases restrictions on healthy, well-run credit unions.
March 22 -
PROVO, Utah-CUData.com has released an analysis of how year-end 2009 compares with five prior year-end financials.
March 22 -
PALO ALTO, Calif.-In the biggest credit union merger ever, Addison Avenue FCU and First Tech CU in Beaverton, Ore., announced last week plans to combine to create a credit union with almost $5 billion in assets.
March 15 -
WASHINGTON-America's CUs should cross the threshold of $1 trillion in total assets sometime in 2011, following growth across the board in 2009, according to a new analysis.
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