Performance reports

MANSFIELD, Texas – Texas Trus CU announced this morning it has agreed to merge into it Arlington-based Security One FCU, the $57 million former General Motors auto workers credit union, which will give the $760 million credit union two additional branches, for a total of 12.

Community First CU here takes relationships seriously-and that means rewarding for them.

Signs that deposit rates have bottomed out and are set to move upward indicate the Federal Reserve may be preparing to hike interest rates within the next 12 months.

Credit unions must now pay attention to an increasingly volatile long end of the yield curve, as well as to the stability of core deposits.

The slight increase in rates should be viewed by credit unions as a remainder to ensure balance sheets are in order, one analyst is reminding.

The gradual rise in interest rates now underway won't have a detrimental effect on most credit unions, predicts one industry expert-and could even be good news for the smallest CUs.

It didn't take long for C. Dana Rawlings to identify a key problem facing Pioneer West Virginia Federal Credit Union. In fact, it led to his first executive decision when he walked through the door of the credit union on his first day as CEO in July 2010.

BALTIMORE, Md. – MECU of Baltimore said today it paid its members, many of whom are teachers, a $1.5 million bonus, half of the annual bonus the $1.2 billion credit union typically pays.

NEW YORK – The credit union movement has apparently recovered from the worst recession in 75 years, but thousands of small credit unions are continually being left behind, with negative growth and negligible or non-existent profitability, CUNA economists explained during America’s CU Conference this afternoon.

The banking industry earned a record $40.3 billion in the first quarter as rising noninterest income and the continued drop in loss provisions made up for declines in interest-related income, according to the Federal Deposit Insurance Corp.

There is no quick fix when it comes to reducing expenses at credit unions, but "significant and sustainable" cost reductions can be realized through many small steps, according to one analyst.

There are many opportunities for CUs to cut expenses, from improving project management to greater efficiencies, according to Bob Parks.

An analysis of more than 700 banks that maintained CAMEL 1 ratings over the past six years has found no single commonality for that success.

One small credit union that put itself through a "brutal" review of every expense believes it is now well-positioned to grow and to serve niche markets.

NEW ORLEANS – NCUA this evening shuttered Oschner Clinic FCU, a $9 million credit union serving Ochsner Clinic Foundation and Ochsner Health System and assigned the assets of the year’s tenth credit union failure to ASI FCU.

HIGHLAND HEIGHTS, Ohio – NCUA said this morning it has taken under conservatorship PEF FCU, originally the credit union for employees of Picker X-Ray, and will work to resolve the troubles at the $32 million credit union.

HIGHLAND HIGHTS, Ohio – NCUA said this morning it has taken under conservatorship PEF FCU, originally the credit union for employees of Picker X-Ray, and will work to resolve the troubles at the $32 million credit union.

ALEXANDRIA, Va. – NCUA has approved the mergers of several struggling credit unions, including four more in California.

With two new studies examining fees and what consumers are willing to pay for, credit unions are being urged to proceed by thinking of the member before the balance sheet .

The new Consumer Financial Protection Bureau overdraft study signals that it's time CUs make sure their OD pricing and policies are fair, clearly communicated and not deceptive.