Performance reports

NORTH CHARLESTON, S.C. – A work-out specialist brought in six months ago at troubled CPM FCU was named permanent president and CEO after helping engineer a turn-around at the $280 million paper mill-sponsored credit union.

SUPERIOR, Wis. – A logging company featured on the History Channel’s “Ax Men” series has three months to find a buyer before its forest and lumber mill goes to a sheriff’s sale, under a foreclosure order issued Monday to Superior Choice CU.

BALTIMORE – NCUA continues to express concerns over the declining viability of small credit unions, with NCUA Chairman Debbie Matz saying more than one-third of all credit unions with less than $50 million in assets are unprofitable.

A new economic analysis being released today says the data shows "no evidence that state and federal tax policies give credit unions unfair competitive advantages over banks."

The second half of 2013 will see increased disruption in the payments landscape, but also evolving opportunities for CUs to better serve members even as branch networks shrink.

Moving into 2013's second, half David Colby sees credit unions with a variety of options available to spur growth.

The improving economy, a debit advantage virtually all CUs have, and the opportunity to attract younger members are three key factors that, when combined, should lead to a solid second half for credit unions, according to CSCU.

Many CUs have been working hard during the first half of the year to set themselves up for a strong second half, according to Mansel Guerry.

With membership continuing to increase and the low-rate environment continuing into the foreseeable future, one person says CUs should focus on payments strategies in the second half of 2013.

Credit unions are enjoying a slow, but steady, improvement in the bottom line thanks to an improving economy, and the second half of the year holds similar promise-that is, unless the Consumer Financial Protection Bureau mucks things up, an expert suggested.

The metaphorical canary has left the coal mine, which Scott Hansen is a sign CUs are in good position for growth in the next six months.

The positive signs the economy is showing as the second half of 2013 approaches are now being reflected in CU performance, observed CO-OP Financial Services.

The next few months will see significant changes in the mortgage loan market and those changes will impact the credit unions that write those loans, according to Jeff Chesky.

Ted Bilke sees CUs continuing to leverage mobile banking in the second half of the year to keep a leg up on community banks.

The "omni-channel" experience, avoiding complacency and taking some risk will be the keys to growth in the second half of this year, according to Shazia Manus.

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.

Just a year ago forecasts for the second half of 2012 were cautious.

LAKE BLUFF, Ill. – Overdraft revenue fell, on an annual basis, for banks, thrifts and credit unions, by almost one billion dollars in Q1 2013, from the end of 2012, according to a new overdraft study by Moebs $ervices.

NORFOLK, Va. – NCUA shuttered NCP Community Development FCU this evening and assigned the remnants of the year’s eighth credit union failure to nearby Chartway FCU.

EUGENE, Ore. – SELCO Community CU, the state’s third-largest credit union, is adding three branches with a deal to merge struggling Greater Oregon FCU, a one-time $45 million credit union based in Burns, Ore.