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RICHARDSON, Texas – Hard times continued for Texans CU in 2009, especially in the $1.7 billion credit unions member business loan portfolio, helping push losses for the one-time Texas Instruments credit union to $51.2 million.
January 28 -
MINNEAPOLIS – Fair Isaac & Co., makers of the ubiquitous FICO credit score, said net income for its fiscal first quarter rose 46% to $17.7 million as some of its reorganization is starting to take effect.
January 27 -
LOS ANGELES – Credit unions in California, Nevada, Arizona and Florida continued to post big losses for the fourth quarter, even as some signs began to emerge that the economic slide had started to slow in the four so-called “Sand States.”
January 27 -
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.
January 26 -
RALEIGH, N.C. – State Employees’ CU is lucky to keep its head above water in 2009 – a healthy 0.9% return-on-assets – even after writing down its membership shares in 11 different corporate credit unions.
January 26 -
ROCHESTER, N.Y. – ESL FCU delivered special owners’ dividends to 288,000 members last week, a total of $7.25 million.
January 25 -
ARLINGTON, Va.-NAFCU is concerned about the process NCUA follows when facilitating mergers, and is asking the regulator to provide greater transparency in its approach and with how it determines merger partners.
January 25 -
FOREST GROVE, Ore.-At Merger Solutions Group, which helps manage the merger process for credit unions and monitors the state of mergers within the industry, President David Bartoo suggested the current system is not broken.
January 25 -
GLENDALE, Calif.-Not everyone thinks NCUA is showing admirable restraint in the merger process.
January 25 -
TAMPA, Fla.-Transparency isn't always all it's cracked up to be, warned one credit union executive.
January 25 -
ARLINGTON, Va. – NAFCU is expected to report another strong year for 2009, with net income around $200,000, when it issues its financial report in the next few weeks.
January 24 -
ALEXANDRIA, Va. – As it puts the final touches on its 2009 financial audit, NCUA is still struggling to finalize the books for 2008 – 13 months after the end of the fiscal year.
January 24 -
WASHINGTON – Regulators shut three more banks Friday, including $900 million Barnes Bank of Kaysville, Utah.
January 18 -
DALLAS-CEOs have not felt so glum about their credit unions' finances and the economy, according to results of Southwest Corporate Federal Credit Union's fourth quarter 2009 CU CEO Confidence Survey, which sunk to a new low.
January 18 -
STRONGSVILLE, Ohio-Three credit unions that in recent years moved to American Share Insurance (ASI) for deposit insurance said they have no regrets, despite the recent 15-basis point premium assessment ASI has made.
January 18 -
DURHAM, N.C.-Self-Help Credit Union has absorbed another troubled credit union via merger, its third in as many weeks, as it continues to expand in both its home state and in California.
January 18 -
AUSTIN, Texas-The $500-million Velocity CU here is the latest to make the switch to American Share Insurance, with its members approving the move.
January 18 -
DENTON, Texas – DATCU CU said it paid its members a bonus dividend of 1% for the fourth quarter, amounting to a $293,000 special payout.
January 13 -
The arrival of 2010 means it's six months and counting until credit unions must comply with a July 1 deadline for compliance with Regulation E rules and overdraft protection.
January 11 -
LIVE OAK, Texas-Randolph-Brooks FCU is using the same process improvement strategies to beat competing financials that the Japanese used to gain market share on the Big Three automakers.
January 11
