Performance reports

ONTARIO, Calif.—The California and Nevada Credit Union Leagues are rolling out a soft launch of a partnership with MOGL, a San Diego-based provider of a merchant funded restaurant rewards platform.

PLEASANTON, Calif.—Patelco Credit Union said its "Switch to Save" loan refinance program recently hit a milestone as participating members have saved more than $1 million.

VENTURA, Calif.—Bank Transfer Day is gone but it is not forgotten-especially at Ventura County Credit Union.

ALEXANDRIA, Va.—The nation's biggest credit unions continued to trim their loan-loss provisions and cost of funds in the third quarter pushing net income higher still, according to reports filed last week with NCUA.

MADISON, Wis. – CUNA reported that credit union loans, membership and savings all rose in August.

TAMPA, Fla.—In 2004 Charles Schwab began to notice a high level of customer defection, with more than 700,000 customers closing out their accounts that year. Unsure where to turn, it brought back the company’s namesake as CEO.

SAN BERNARDINO, Calif.—Big banks are now holding the line on free checking. After a steep decline in the percentage of free checking accounts, 38% of checking accounts offered by major banks are free, down just one percentage point from last year, according to Bankrate.com’s 2013 Checking Survey.

State Employees' CU, one of four $10 billion-plus credit unions that would be stress-tested under a proposal being considered by NCUA, is all in favor of the tests now undergone by big banking companies and insists the results should be made public, just as they are for banks.

LAKE BLUFF, Ill.—Even though credit union and bank balance sheets have improved since the financial crisis, loan growth has mostly stalled or has fallen at small credit unions and community banks, according to a new study from Moebs Services.

Despite healthy numbers recently reported by NCUA, Glatt Consulting's Credit Union Industry HealthScore, which is designed to measure the performance of the credit union industry, showed a decline in the second quarter of the year.

Overdraft usage at all financial institutions dropped to its lowest point in the last 14 years at the close of the second quarter, according to a new study by Moebs $ervices.

NCUA has released state-level data for federally insured credit unions at mid-year as part of its Quarterly U.S. Map Review. Here are some of the findings.

LAKE BLUFF, Ill.—Overdraft usage at FIs dropped to its lowest point in the last 14 years at the close of the second quarter, according to a new study by Moebs $ervices.

DETROIT—NCUA said this afternoon the Michigan Department of Insurance and Financial Services liquidated Craftsman CU and appointed the federal credit union agency as liquidating agent for the one-time $44 million auto workers credit union, the year’s 12th failure.

DUBLIN, Ohio – ASI Inc., the only surviving private insurer of credit union deposits, announced this afternoon a Special Premium Assessment for 2013 of 7.5 basis points.

Loan growth continues to pick up at credit unions, but it is a slow crawl, according to the latest analysis in CUNA Mutual's Trends Report.

For the first time since 2008, loan growth at credit unions has exceeded deposit growth, while net worth ratios have also hit a five year-high.

ALEXANDRIA, Va.--Mid-year data for credit unions released by NCUA today show strong loan growth and net worth that is at highest point since 2008.

MADISON,, Wis. – The Filene Research Institute received a $700,000, 30-month grant from the Ford Foundation to develop and implement an accessible financial services incubator. The incubator will test, package and scale innovative, viable financial products that benefit low-and-moderate-income consumers, according to Filene.

TORONTO – Davis + Henderson said this morning it raised $690 million to help fund its $1.2 billion acquisition of Harland Financial Solutions with an offering of subscription receipts and convertible bonds.