Performance reports

The Money Anxiety Index for January stood at 93.9, an improvement of 1.4 index points over the same month in 2011 and is shaking out at 92.3 in February, an improvement of 0.7 over January, and a 2.4-point increase over the same month last year.

What the Great Recession had in store for Tom Dorety and Suncoast Schools FCU is something no credit union CEO could have prepared for.

RIVERSIDE, Calif.-The road to recovery has not been a pretty one for Altura Credit Union. But Mark Hawkins, its CEO, believes the worst of the problems are behind it.

NEW YORK-Banks appear to be recouping some of their debit interchange losses by boosting minimum balance requirements to avoid monthly checking fees.

BAKERSFIELD, Calif.-After a very difficult three-year stretch during which it lost $77.7 million, Kern Schools Federal Credit Union welcomed black ink back to its books in 2011.

PHILADELPHIA – NCUA announced Sunday it liquidated People for People Community Development CU and assigned the remnants of the failed $1.3 million credit union to $1.4 billion TruMark Financial CU of Philadelphia.

KENOSHA, Wis. – NCUA and state credit union regulators took over A M Community CU, a troubled one-time $135 million credit union that serves Chrysler workers and the surrounding community, after the close of business Friday evening.

SAN DIEGO-North Island Credit Union continued one of the more remarkable turnarounds of troubled CUs in 2011, when it posted $19.6 million in net income, excluding assessments.

YORKTOWN, Va. – 1st Advantage FCU said this morning it is paying members a $500,000 Anniversary Bonus to celebrate the credit union’s 60th birthday.

Credit unions added an estimated 300,000 members in December and about one million members in the fourth quarter, the best growth in more than a decade, as recruitment efforts surrounding Bank Transfer Day bore fruit, according to CUNA.

RALEIGH, N.C.-Is the definition of member equality changing? A small but emerging trend in the traditional year-end bonus and loan rebate paid by many CUs suggests that may be the case.

ARLINGTON, Va.-Over the next several years credit unions should pay close attention to signs of a rising-rate environment and prepare to take steps to protect their deposits.

PHOENIX – Among all of the emerging turnaround stories for one-time troubled credit unions, none may be more impressive than that of Arizona FCU – a one-time $1.9-billion credit union which reported a $45 million net for 2011 after teetering on the brink the past three years.

DOVER, Ohio – The more than 35,000 members of Dover-Phila CU received a year-end bonus dividend for the 17th consecutive year, this year totaling $1.6 million.

MIDLAND, Mich. – Dow Chemical Employees’ CU paid its members a $7.3-million bonus, one of the biggest credit union payouts of the year.

SAN DIEGO – North Island CU, which teetered on the brink just two years ago after $103 million in losses for 2008 and 2009, reported a strong $17.8 million net for 2011, its second straight year in the black.

RICHARDSON, Texas – Texans CU, a one-time $2-billion credit union being run under conservatorship by NCUA, followed up 2010’s $39.4 million loss with a loss of $88.7 million for 2011, one of the biggest ever for a credit union, NCUA reported yesterday.

RALEIGH, N.C. – Coastal FCU said this morning it paid its most loyal members, frequent users of checking accounts, a $1.5 million special dividend last week.

ALEXANDRIA. Va.-The nation's biggest credit unions brushed off NCUA's $2-billion corporate credit union assessment in the third quarter and moved past the huge loan losses of the prior three years to record one of their best years ever in 2011.

NAPANOCH, N.Y. – NCUA liquidated Eastern New York FCU Friday night and assigned the remnants of the one-time $60 million credit union to USAlliance FCU, the $760 million credit union based in the Manhattan suburb of Rye, N.Y.