Performance reports

After seven years holding steady, credit unions changed their overdraft price this past year, moving closer to banks' pricing.

EL PASO, Texas – NCUA liquidated El Paso’s FCU Friday night and assigned the remnants of the one-time $6 million credit union to $450 million El Paso Area Teachers FCU.

A new analysis shows overdraft volume at financial institutions continues to climb and credit unions are getting their share, enjoying their best 12-month period for OD revenue in their history.

AUGUSTA, Me. – The Maine CU League said its Synergent CUSO paid its members a $750,000 rebate based on the volume of business each credit union did with Synergent during the period of August 1, 2011 - July 31, 2012.

Tim Segerson, deputy director of NCUA's Office of Examination and Insurance, says it is critical for credit unions to have an understanding of how their shares will behave.

Bill McGuire, president of McGuire Performance Solutions, has some advice for credit unions looking to assess the potential volatility of their deposit base.

While membership numbers are surging, the number of federally insured credit unions has now dropped below 7,000.

SAN JOSE, Calif. – Alliance CU has picked up a new San Jose branch with the acquisition of Electric FCU, a one-time $14 million credit union that has been in the red for the past four years.

BATTLE CREEK, Mich. – In the latest illustration of how hard it is to start a new credit union, Inspire Community Development FCU has agreed to merge into giant First Community FCU, just two years after the opening of the CDCU.

DUBLIN, Ohio – Private deposit insurer American Share Insurance announced another special premium today, its fourth in a row, this one of nine basis points.

Rather than slowing down, the membership drive spurred by last fall's Bank Transfer Day sped up in the first and second quarters of the year to a record pace, according to data from NCUA.

Are credit unions ready to fill the gap resulting from what could be a sharp drop in revenue over the next three years?

WASHINGTON – Falling market rates and lack of competition have combined with declining non-interest income to force credit union savings rates to all-time lows.

RALEIGH, N.C. – The state CU Commission has denied an appeal—the second--by former directors of the Greater Kinston CU of February’s state takeover in the wake of conflict of interest allegations involving loans made by the one-time $17 million community development credit union.

Kentucky's Commonwealth Credit Union may have to account for a pension funding shortfall that could take a multi-million-dollar bite out of its capital.

One question that remains unanswered is how did Commonwealth Credit Union come to be a participant in a pension fund set up for employees of the state of Kentucky.

Don Shafer, chairman and co-founder of Austin, Texas-based BancVue explains how to keep the credit union business model relevant.

ALEXANDRIA, Va. – Credit unions continued to strengthen their balance sheets in the second quarter of the year, reporting a 1.7% growth in loans, the highest quarterly growth in lending since 2008, NCUA reported this morning.

FERNDALE, Wash. – Industrial CU has agreed to acquire Ferndale Refinery CU, a 57-year-old, $5 million credit union.

WINSTON-SALEM, N.C. – Allegacy FCU will acquire two branches with a deal to merge I-R Employees FCU, a $10 million credit union for employees of Ingersoll Rand.