Performance reports

ROCHESTER, N.Y. – ESL FCU paid a dividend to members totaling $7.25 million this month.

RALEIGH, N.C. – State Employees CU, one of just three credit unions restricted by enactment of the Durbin amendment, said the provision limiting fees on debit transactions cost it about $40 million in lost revenue in 2012.

GREENSBORO, N.C. – Premier FCU paid its members a 5% interest rebate for 2012, amounting to $230,000.

PARCHMENT, Mich. – First Community FCU paid its 60,000 members a $2 million dividend Monday, up to $500 each.

MARLBOROUGH, Mass. – St. Mary’s CU said this afternoon it hired James Garvey, the president of Borel Private Bank and Charter Private Bank, as president and CEO of the $600-million credit union.

ATLANTA – First Data Corp. reported this morning that losses rose again in the fourth quarter to $179 million, and to $701 million for the full year, as the card processing giant continued to battle debt service related to its huge 2007 leveraged buyout, one of the biggest in history.

MOUNTAIN VIEW, Calif. – First Tech FCU reported a 51% increase in net income for 2012 to $62.8 million, giving the $5.6-billion credit union for Silicon Valley workers a 1.15% return-on-assets.

LENEXA, Kan. – CommunityAmerica CU paid its members a $5 million special dividend yesterday.

RALEIGH, N.C. – Coastal FCU said this afternoon it distributed $1.6 million in loan rebate dividends and deposit bonus dividends through its VIP Program to 6,920 of its 240,000 members.

FORT WORTH, Texas – American Airlines FCU said today it paid its members another $10 million dividend at year-end, celebrating another big year for the $5.7 billion credit union.

No one disputes that a faltering economy has been a major contributor to thousands of CU balance sheets showing flat income or even losing money, but some observers also see the problem as being one of NCUA's own making-at least in part.

Credit unions are riding a crest of improving asset quality, and the resulting decline in loan loss reserves is helping to produce record net income for 2012, another sign of the improving economy.

JAY, Maine – Otis FCU gave back $325,000 in interest refunds and bonus dividends to its 10,000 members through its Return to Member campaign.

SAN BERNARDINO, Calif. – NCUA on Friday reported Arrowhead Central CU, a one-time $1.1-billion credit union taken under conservatorship in June 2010, continues to rebound, earning net income of almost $7.3 million for the fourth quarter and $25.5 million for all of 2012.

LAS VEGAS – Ailing Silver State Schools CU reported it broke into the black for the fourth quarter to the tune of $961,000, helping cut losses for the full year to just $670,000, down from loss of $8.4 million in 2011.

OGDEN, Utah – Goldenwest FCU reported a record year in 2012 for net income, loans and membership.

BETHPAGE, N.Y. – Bethpage FCU, New York’s largest credit union, reported a 38% increase in net income for 2012, to $57 million, as its assets topped $5 billion for the first time.

RICHARDSON, Texas -- NCUA said this morning that Texans CU, the one-time $2.2 billion credit union it has run under conservatorship since April 2011, broke into the black for 2012 to the tune of $24.2 million.

ALEXANDRIA, Va. – Credit unions are riding a crest of improving asset quality and the attendant fall in loan loss reserves to produce record net income for 2012, another sign of the improving economy.

SALEM, Ore. – The tax threat has already emerged for Oregon credit unions as a bill that would apply the state’s excise tax to some credit unions was introduced in the state legislature last week.