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HARRISBURG, Penn. — The corporate assessment won't slow Pennsylvania State Employees CU's strategic plans for 2009, especially its objective to build a new headquarters.
May 15 -
BAXTER, Minn. — Despite the corporate assessment, Mid Minnesota FCU continues to follow its strategic plan without a great deal of impact to the ALCO and its 2009 plans. However, it is making some temporary adjustments to employee compensation and benefits, as well as to travel and conference attendance guidelines.
May 15 -
LATHRUP VILLAGE, Mich. — Fortunate to have a very strong 14.13% capital position-and that's after the NCUA assessment-Michigan First CU remains confident that it will be able to meet its overall 2009 strategic goals.
May 15 -
MANCHESTER, N.H. — While St. Mary's Bank clearly understands the impact of the corporate assessment on the credit union, it does not currently plan to chart a new strategic course.
May 15 -
BEAVERTON, Ore. — The corporate assessment has kept the $2-billion First Technology CU ALCO busy, revising its 2009 strategic plan twice, explained CFO Hank Sigmon.
May 15 -
CORONADO, Calif. — With the average American (including CU employees) scoring an "F" in Financial Literacy 101, there can be bottom-line benefits to improving that grade, according to two experts.
May 15 -
CORONADO ISLAND, Calif. — Successful, growing credit unions all have one thing in common: a committed focus to being just that: successful, growing credit unions.
May 15 -
CORONADO, Calif. — Don't let that Gen X and Gen Y marketing focus cause your credit union to lose sight of the value of the Baby Boomers.
May 15 -
CORONADO, Calif. — A couple of credit union leaders who have ignited product innovation in their own state are now looking to ignite it in others.
May 15 -
WEST PALM BEACH, Fla. — The costs of the corporate assessment are causing course corrections-big and small-at credit unions across the country, sending many asset/liability committees back to the drawing board.
May 15 -
LAKE BLUFF, Ill. — Many credit unions are at least 50% over-staffed, says one industry analyst who suggests that now is the "perfect time" to do something about that.
May 15 -
CORONADO, Calif. — DFCU Financial CEO Mark Shobe offered the following advice and strategies for a credit union to build an ongoing Patronage Dividend strategy:
May 15 -
CORONADO, Calif. — A single-minded focus on watching its expense ratio and building capital over a period of years has now created a competitive phenomenon for one rapidly growing credit union.
May 15 -
MIDLAND, Mich. — If financial institutions' phone numbers were on every consumers' speed dial, then Dow Chemical Employees Credit Union would claim the top spot with most of its members.
May 15 -
McLEAN, Va. – Freddie Mac said yesterday it will need an additional $6.1 billion in federal aid after it lost $9.9 billion for the first quarter.
May 12 -
SACRAMENTO, Calif. – State regulators reported yesterday they have approved the merger of Community Trust CU, the $50 million Modesto credit union, into Self-Help FCU, broadening the Durham, N.C., community development credit union’s footprint in California.
May 12 -
EDMORE, Mich. – Heartland Employees CU, a one-time $4.5 million credit union, has been approved by state regulators to merge into River Valley CU, a 454 million credit union in nearby Ada.
May 12 -
DETROIT – Detroit Municipal CU, which lost $4.1 million last year, has been approved by state regulators to convert to a community charter covering four million people in the surrounding counties of Oakland, Wayne and Macomb.
May 11 -
LENEXA, Kan. – When U.S. Central FCU issues its financial results for 2008 tomorrow they are expected to show a loss of more than $2 billion and that the central bank for credit unions had almost half of all of its investments in mortgage-related securities–an unusually high concentration.
May 11 -
NEW YORK – M&F Worldwide Corp., the holding company controlled by financier Ronald O. Perelman that combined check printers Clarke American and John H. Harland Co., reported a healthy net income of $51.3 million based on the buyback of debt it accrued in the two takeovers at a steep discount.
May 10

