Performance reports

ARLINGTON, Va. — NCUA has been stressing to credit unions for well over a year that they must pay attention to interest rate risk with rising rates on the horizon.

RIVERSIDE, Calif. — Altura Credit Union reported $3.82 million in net income during the second quarter of 2014, marking 13 consecutive quarters of positive earnings.

ALEXANDRIA, Va. — Credit unions' mortgage originations fell by almost 60% in the first quarter of the year, according to call report data released Tuesday by the National Credit Union Administration.

It was the end of the line Friday for $7.9 million Life Line Credit Union, as it was shuttered by the Virginia State Corporation Commission.

PLANO, Texas — Credit union CEO confidence in the economy has climbed to its highest level in more than six years, according to Catalyst Corporate FCU's Q1 CEO Confidence Survey.

The Director of the Michigan Department of Insurance and Financial Services on Friday placed Detroit's Health One Credit Union into conservatorship due to the "recent discovery of unsafe and unsound practices."

EL SEGUNDO, Calif. — As checking rates finally begin to inch upward this year, CUs are well ahead of banks in the average yield paid on checking products, according to GoBankingRates.

Altura Credit Union reported $3 million in net income during the first quarter of 2014, marking 12 straight quarters of positive earnings, as its assets climbed to $730 million.

Silver State Schools Credit Union continued its remarkable turnaround in the first quarter, posting $2.5 million in net income as it reported "steady progress."

RANCHO CUCAMONGA, Calif. — CO-OP Financial Services announced today that it delivered a shareholder dividend of $30.5 million for fiscal year 2013, a 17% increase from the previous year.

CHARLOTTESVILLE, Va. — Credit unions continued to grow assets, loans and leases, and shares and deposits in 2013 — once again led by the largest institutions — according to new analysis by SNL Financial.

Maybe Bank of America's controversial decision a few years ago to charge for checking accounts was a smart idea after all.

ALEXANDRIA, Va. -- Credit unions finished 2013 with some strong gains, but also saw some slipping in important metrics such as return on average assets and share growth.

ALEXANDRIA, Va.— Loans, membership and net worth at federally insured credit unions continued to rise during the last quarter of 2013, but net interest margins remain on the decline, according to fourth quarter data released Monday by NCUA.

WOODBURY, Minn. -- Postal CU here has returned more than $524,000 to its members, 16% of its 2013 earnings.

ALEXANDRIA, Va. -- Federal credit union failures dropped by close to a quarter from 22 in 2012 to 17 in 2013, NCUA reported Thursday.

Despite record loan originations in 2013, vehicle lending volumes not seen since the turn of the century and a continued surge of new members, the big picture isn't entirely rosy for the nation's credit unions.

Shareholders of Flint River National Bank have approved the proposed sale of the institution to the $260 million Five Star CU.

ALEXANDRIA, Va. -- NCUA announced the end is nigh for the Temporary Corporate Credit Union Stabilization Fund, and it may even wind up rebating some of the past assessments back to credit unions in 2021.

STOCKTON, Calif. -- Financial Center CU broke even on the balance sheet last year because it handed all its net earnings back to the membership.