Performance reports

MADISON, Wis.-The economic tea leaves do not show rapid growth nor booming loan demand in the second half of this year, meaning credit unions must look for alternative means to build their portfolios, according to one analyst.

ONTARIO, Calif.-Pay little attention to any second-half forecasts that call for a softening in car sales.

BIRMINGHAM, Ala.-Not expecting the economy to turn the corner for another 18 months, Dennis Dollar is urging credit unions to begin navigating their way through the fog now.

GREENSBORO, N.C.-Credit unions will need to hone their investment strategies in the second half of 2012.

RANCHO CUCAMONGA, Calif.-The biggest concern for credit unions in the second half of 2012 is not whether the economy will continue to rebound, according to one expert, but what to do about all the excess liquidity pouring into credit unions post Bank Transfer Day.

LAKE MARY, Fla.-Credit unions' technology investments in the second half of 2012 will likely continue to be in the areas of relationship management and loan origination, according to Harland Financial Solutions.

COLORADO SPRINGS, Colo.-High demand for used cars has created a bubble that one person says could burst within the next six to 18 months.

CARTERET, N.J.-Expect to see credit union marketing budgets increase in the second half of 2012. "By and large, what we're seeing is credit unions loosen up a bit," said Sean McDonald, director of business development at Mid-State FCU here and chairman of the CUNA Marketing & Business Development Council.

LAKE BLUFF, Ill.-Economy finally on the upswing? Not according to one analyst, who is predicting that 2013 and 2014 will be as bad or worse than it was 2008 and 2009.

ARLINGTON, Va.-All eyes are on how Europe weathers its financial crisis to gauge what U.S. credit unions can expect to see in the latter half of this year.

ST. PETERSBURG, Fla.-The continuing influx of members from banks to credit unions is the most compelling trend of the second half of 2012, according to Fredda McDonald, EVP of Credit Union Experience for PSCU Financial Services.

LOMBARD, Ill.-Due to a projected sluggish second half economy and the Consumer Financial Protection Bureau's focus on overdrafts, credit unions need to use the next six months to begin creating new revenue streams.

While it's easy to bemoan the fact that we don't have a booming recovery, credit unions need to keep in mind that a slow, steady recovery has its own strength and may simply require a little more patience.

RALEIGH-Credit unions need to use the second half of 2012 to monitor the emerging mobile payments market, because what happens there will influence not just how members use their money but how CU employees do their jobs.

SAN DIEGO-Symitar has seen a "nice acceleration" in the number of credit unions looking to change core processors over the past few months, and the company expects that trend to continue for the second half of 2012.

DES MOINES, Iowa-A steadily improving economy presents benefits as well as concerns for credit unions, according to the CEO of The Members Group.

FORT WORTH, Texas-Credit unions are off to a good start in 2012, but there's a lot of uncertainty brewing.

PLANO, Texas-Credit union executives continued to wax more positively in the quarterly CEO Confidence Survey conducted by Catalyst Corporate FCU coming in at a nearly three-year high.

CHATSWORTH, Calif. – NCUA announced this morning it has liquidated Telesis Community CU and assigned the remnants of one of the biggest member business lending credit unions to nearby Premier America CU in a purchase and assumption deal.

ALEXANDRIA, Va. – Declining loan losses and continued cost-cutting sent net income at the nation’s credit unions surging by 19% for the first quarter of the year to a record $2.1 billion, up from $1.7 billion for the same period last year, NCUA reported this morning.