Performance reports

AUSTIN, Texas – A group of Houston, Dallas and Austin-area Muslims has applied to state regulators to charter the first credit union that would be operated under Muslim law, that is a credit union that would be barred from charging interest on loans.

MANISTEE, Mich. – Members of Filer Credit Union are starting their new year with a little something extra.

KANSAS CITY – K.C. Police Credit Union will pay the first dividend in its 78-year history on Dec. 31.

HARBOR, Ore. – NCUA liquidated Chetco FCU Friday night and assigned the remnants of the one-time $375 million credit union, the year’s 21st failure, to two west coast credit unions in an unprecedented purchase and assumption agreement.

MADISON, Wis. – Among the trendlines from 2012 that will need to be addressed in 2013 for America’s credit union community is the clear case of the “haves” and “have-nots” when it comes to growth.

In-branch transactions may be on the decline, but the west coast and southeast are seeing a boom in branch growth.

This year will go down as a record year for loan originations, membership gains and capital increases, noted an analysis released by CUNA Mutual last week.

HARAHAN, La. – CU Cooperative Branching, Louisiana’s shared branching CUSO, has approved a 4% dividend payable to eligible shareholders as of Jan. 1, 2013.

MONTGOMERY, Ala. -- Guardian CU paid members more than $800,000 last week in the form of interest rebates and dividend bonuses, as it heads towards one of its best years ever.

EDWARDSVILLE, Ill. – Scott CU, having its biggest year ever, paid members a $1.2 million bonus dividend and loan interest rate rebate.

ALEXANDRIA, Va. – NCUA said this afternoon it liquidated GIC FCU, a $16 million Euclid, Ohio, credit union, the 19th credit union failure so far in 2012.

BALTIMORE – MECU of Baltimore, which paid its members a $2 million mid-year bonus in July, paid another $1.14 million on December 5, and plans one more bonus before the end of the year.

MECHANICSBURG, Penn. – AmeriChoice FCU said it has been accepted as a member of the Federal Home Loan Bank of Pittsburgh, the bank’s 27th credit union member.

FAIRBORN, Ohio – Wright-Patt CU, on pace for its best year ever, announced this afternoon it is paying members a $6 million Special Patronage Dividend Jan. 3, its biggest member payout yet.

PEORIA, Ill. – CEFCU announced this morning it is paying its members a record $9 million holiday dividend.

CU members who started shopping this holiday season recorded roughly the same buying activity on Black Friday in 2012 as they did in 2011, but dramatically increased their transaction and spending levels on Thanksgiving Day 2012 vs. 2011.

SACRAMENTO, Calif. – State regulators approved the merger of State Center CU, a troubled one-time $90 million Fresno credit union, into Valley First CU, a $415 million credit union in nearby Modesto

CINCINNATI – Fifth Third Bancorp, which created processing giant Vantiv, Inc. and helped take it public earlier this year, expects to earn as much as $280 million with the sale of as many as 13.6 million Vantiv shares registered last week.

NORTH CHARLESTON, S.C. – CPM FCU, struggling with a $1.6 million loss for the first three quarters, removed its two top executives yesterday and brought in a work-out specialist to manage the $270 million credit union.

WILLIAMSVILLE, N.Y. – Western Division FCU paid its members its annual patronage dividend on Dec. 3, amounting to $780,000.