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WILMINGTON, Calif.-The struggles of the worldwide economy can be seen quite clearly in the sharp drop in container traffic here at America's busiest port-a downturn that has been a big part of a deep malaise that hit California harder than most states.
March 8 -
NEW YORK-The economy recovery will be tepid throughout 2010, leading to sustained high unemployment and low interest rates in the foreseeable future, according to one analyst.
March 8 -
SAN DIEGO-The way John Tippets sees things, the economic situation can be summed up by three circles of decreasing size.
March 1 -
At first blush the $14-million in losses recorded by Patelco Credit Union during 2009 seem nothing more than another indicator of what a tough year it was. Yet in Q4 2009, the $3.7-billion Patelco booked net income gains for all three months.
March 1 -
SAN FRANCISCO-Some of the other measures Patelco has undertaken to fix its balance sheet have included ...
March 1 -
CHICAGO – The Federal Home Loan Bank of Chicago, still struggling with large holdings of underwater mortgage-backed securities, said it expects to report a $65 million for 2009, down from a loss of $119 million for 2008.
February 24 -
MADISON, Wis. – CUNA Mutual Group is hailing a return to the black for 2009, to the tune of $50 million, after a $150 million loss for 2008.
February 24 -
DETROIT-When Hank Hubbard walks the streets of inner-city Detroit, the CEO of Communicating Arts Credit Union doesn't see all the mom-and-pop businesses that used to line the sidewalks. In their place are often vacant, boarded-up buildings in a town struggling to get back on its feet. And yet Hubbard remains an optimist.
February 22 -
DETROIT-It was once a city that rolled out new credit union charters almost as quickly as the automobiles that made it famous.
February 22 -
ORLANDO, Fla.-Despite a housing market that has been depressed for three years and unemployment surging close to 12% across the Sunshine State, FAIRWINDS CU here had a surprisingly strong 2009.
February 22 -
LAS VEGAS – Last week’s disclosure by Silver State Schools CU of a big loss for 2009 serves as continuing evidence that Nevada still is in the throes of the recession and will take some time to pull out.
February 21 -
DALLAS- A federal bankruptcy court Monday awarded CU Liquidity Services LLC, a wholly owned CUSO of Texans CU, a $40 million verdict over a dispute concerning a multi-million member business loan the CUSO made to a troubled shopping mall in suburban Chicago.
February 8 -
PEORIA, Ill.-Despite absorbing a large California credit union failure in 2009, CEFCU, the state's second-largest CU, announced it will be paying members a $7-million dividend this year, up from last year's $6 million.
February 8 -
PASADENA, Calif. – Wescom Central CU, showing the worst effects of the Southern California real estate bust, reported a $93.6 million loss for 2009 on Friday.
February 7 -
SAN FRANCISCO – Patelco CU yesterday said it had net income of $15.2 million for the fourth quarter of 2009, trimming its losses to $14.6 million for the year.
February 3 -
KANSAS CITY, Mo. – CommunityAmerica said it distributed $500,000 to members last week as an Owner Participation Dividend.
February 1 -
ROCHESTER, N.Y.-There were many examples of credit unions reporting a strong net for 2009.
February 1 -
PEORIA, Ill.-Credit unions all over the country are braving the economic downturn and coping handily with the growing costs of the corporate credit union meltdown to post strong financials for 2009.
February 1 -
ALEXANDRIA, Va.-Thousands of credit unions are expected to report losses for last year in the coming days, the fallout from the continuing recession and from the deterioration of the corporate credit union network.
February 1 -
ALEXANDRIA, Va.-NCUA's reversal last year on accounting for the corporate bailout is causing havoc among credit unions as they report their fourth quarter financials and prepare their annual reports.
February 1



