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PURCHASE, N.Y. – MasterCard Inc. said Friday its first-quarter earnings fell 18% from the year-ago period that included a special gain on the sale of an investment.
May 3 -
WARRENVILLE, Ill. – Members United Corporate FCU told its members last week it expects to exhaust as much as $230 million of capital it held in U.S. Central FCU, adding to the woes of the $9 billion corporate and its members.
May 3 -
MIRAMAR, Fla. — In the biggest failure of a natural person credit union, Eastern Financial Florida CU, the one-time high-flying airlines credit union, was taken over by state regulators and NCUA after a grounding by the state's turbulent real estate market.
May 1 -
NEW YORK — The Conference Board Employment Trends Index (ETI) fell further in December. The index now stands at 99.6, decreasing 1.6% from the November revised figure of 101.2, and down almost 16% from a year ago.
May 1 -
ALEXANDRIA, Va. – The failure of U.S. Central FCU will trickle down through three-tiered credit union system by erasing more than $1.5 billion of capital held by its 27 member corporates, NCUA announced this morning.
May 1 -
ALEXANDRIA, Va. – The failure of U.S. Central FCU will trickle down through three-tiered credit union system by erasing more than $1.5 billion of capital held by its 27 member corporates, NCUA announced this morning.
May 1 -
APPLETON, Wis. — Going against the grain and boosting marketing efforts during the recession has paid big dividends for Community First Credit Union as the $1.17- billion institution earned the third spot overall on Callahans' Return of the Member rankings. While many businesses slash marketing first to get their budgets in order during bad economic times, CEO Cathie Tierney, who spent most of her career in the marketing business, takes the exact opposite approach.
May 1 -
SAN DIMAS, Calif. – WesCorp FCU, the troubled corporate credit union taken over by NCUA March 20, reported a gaping credit loss of $5.6 billion for the first quarter.
May 1 -
SAN DIMAS, Calif. – WesCorp FCU, the troubled corporate credit union taken over by NCUA March 20, reported a gaping credit loss of $5.6 billion for the first quarter.
May 1 -
ATLANTA – Credit bureau Equifax Inc. said first quarter earnings slumped 17%, to $54.5 million, as the company was hurt by a 10% decline in revenues.
April 30 -
HOUSTON – Cardtronics Inc., the biggest provider of ATMs to credit unions, reported first quarter losses of $5.1 million yesterday, up from a loss of $4.6 million for the same period last year.
April 30 -
BROOKFIELD, Wis. – Fiserv reported a 69% decline in first quarter profits yesterday as its home equity processing business was hit by the downturn in the U.S. mortgage market.
April 30 -
JACKSONVILLE, Fla. – Fidelity National Information Services said its first-quarter profit tumbled 53% as revenue from its processing and services segment declined after last July’s spin-off of its Lender Processing Services unit.
April 29 -
ST. PAUL, Minn – Deluxe Corp. said profit fell for a sixth straight quarter, hurt by charges related to the writedown of goodwill and restructuring-linked costs and the continued move away from paper checks.
April 29 -
SAN FRANCISCO – Visa Inc., the world’s largest payments system, posted better-than-expected quarterly earnings yesterday as card network increased prices, slashed expenses and consumers used debit cards more.
April 29 -
WARRENVILLE, Ill. – Members United Corporate FCU, struggling with huge losses on its investments, said yesterday it is closing down its Members Health Network CUSO for lack of funding.
April 28 -
MINNEAPOLIS – Fair Isaac & Co., the maker of the ubiquitous FICO credit score, reported a strong fiscal second quarter, with net income surging 31% to $17.7 million for the period, after a restructuring that pared a fourth of its workforce last year.
April 27 -
MILWAUKEE – Metavante Technologies, the back-office service provider for credit unions and banks preparing to be acquired by Fidelity National Services, reported yesterday that first quarter earnings rose 15% to $40.3 million, while revenues advanced by 1% to $426.9 million.
April 27 -
SACRAMENTO, Calif. – The $2 billion charge for the failure of WesCorp FCU that is trickling through credit unions in California and Nevada couldn’t have come at a worse time, as the economy in these two hard-hit Sand States continues to decline.
April 27 -
EUGENE, Ore. – In one of the first signs of the collateral effects of the corporate bailout, Oregon Community CU announced Friday plans to close down all four of its Portland branches, ending five years physical presence in the state’s biggest city.
April 27
