Performance reports

WASHINGTON — NAFCU's board is meeting with senior officials of the Federal Reserve Thursday to discuss key credit union issues, as well as to present findings from trade's annual report on the movement.

Founders FCU here has awarded more than $5.7 million in loyalty dividends to its members, bringing the credit union’s total loyalty dividends to $45 million paid out since 1992.

NEW YORK — Grameen America, a nonprofit microfinance organization that specializes in providing small business loans to low-income women, may seek to adopt a credit union structure.

FDIC third quarter report shows pop in loan buybacks and indemnifications.

Banks and thrifts earned $38.7 billion in the third quarter, a 7.3% increase from a year earlier but slightly down from the $40.1 billion earned in the second quarter, the Federal Deposit Insurance Corp. said Tuesday.

PLANO, Texas — Despite burgeoning loan growth and other signs of a healthy CU system, optimism by credit union CEOs declined slightly in the third quarter, according to Catalyst Corporate FCU's latest Credit Union CEO Confidence Survey.

The American consumer is buying again and credit unions are taking advantage by booking solid loan growth, according to the November Trends Report by CUNA Mutual Group.

WASHINGTON — Credit unions as a whole — yes, even small CUs — experienced significant success in the third quarter, according to analysis by Callahan & Associates that found increases in key areas including loans and membership.

CHICAGO — Despite much interest in ApplePay and other emerging opportunities, credit unions still see auto loans as the growth area heading into 2015, according to a recent TransUnion survey.

SAN DIEGO — San Diego County Credit Union posted strong financial numbers across the board in the third quarter, including year-over-year loan growth of 23.6%.

EDWARDSVILLE, Ill. — Scott CU here announced it has surpassed the $1 billion mark in assets.

Altura Credit Union on Wednesday reported $2.95 million in net income during the third quarter of 2014, running its streak of positive earnings to 14 consecutive quarters.

LAS VEGAS — Silver State Schools Credit Union reported net income of $3 million for the third quarter of 2014 — marking the 10th consecutive profitable three-month period for an institution that was battered by the recession.

The Money Anxiety Index shows U.S. consumers' still low confidence in the economy continues to negatively impact spending and by default, economic growth.

ALEXANDRIA, Va. — Federally insured credit unions saw an increased median rate of loan growth in the year ending June 30, according to analysis of state-level data released Tuesday by NCUA.

NEW YORK — Peter Duffy contends that NCUA's proposed capital rule could force some credit unions to sacrifice net income and capital to meet the new risk-based standard.

ALEXANDRIA, Va. — Federally insured credit unions parlayed an improving economy in the second quarter of 2014 to the highest year-over-year loan growth since 2006, according to new analysis released Tuesday by the National Credit Union Administration.

BIRMINGHAM, Ala. — Will the risk-based capital rule increase the pace of credit-union-to-bank conversions? Only time — and the final rule — will tell. But most industry insiders and experts say it's unlikely that a significant number of credit unions will be rushing to make the switch.

Privately insured CUs will not pay a special premium assessment in 2014.

Credit union lending continues to be strong, with CUs showing their strongest loan numbers since 2005 during the second quarter of 2014.