Performance reports

LAS VEGAS – Silver State Schools CU, the one-time $1 billion credit union under state supervision for the past year, reported a $2.8 million loss for its fourth quarter and an $8.4 million loss for the year this afternoon.

PHOENIX-Desert Schools FCU, the state's largest credit union and which has been mired in red ink the past three years, is among the latest credit union giants to mark a return to the black for 2011.

RIVERSIDE, Calif. – Altura CU, a one-time $920-million credit union that has fought off big losses from 2008 through 2010, reported it broke back into the black for 2011 to the tune of $8.4 million.

MANHATTAN BEACH, Calif. – Kinecta FCU, a one-time $4.4-billion credit union giant that returned to the black last year after two miserable years and $126 million in losses, fell back into the red in 2011 to the tune of $30.6 million, slowing plans for its combination with nearby NuVision FCU.

PHOENIX – Desert Schools FCU, the state’s largest credit union which has been mired in red ink the past three years, is among the latest credit union giants to mark a return to the black for 2011.

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.

COLORADO SPRINGS-- Ent FCU announced this morning it will pay a special dividend of between $25 and $1,000 to all but a handful of its 209,000 members on Wednesday, a total of $10 million.

ST. LOUIS – Neighbors CU shared $196,000 in the form of a special dividend that was paid on regular share (savings) accounts.

LAS VEGAS – One Nevada CU, formerly known as Nevada FCU, reported a net loss of $4.8 million for 2011.

BETHPAGE, N.Y. – Bethpage FCU, New York’s largest credit union, on Wednesday said in 2011 it boosted loans by 7.5% and deposits by 13%, or $450 million.

BATON ROUGE, La. – Pelican State CU will pay its members a bonus dividend and loan rebate totaling $172,000.

BIRMINGHAM, Ala. – ACIPCO FCU said it will pay a member rebate for the 19th consecutive year.

YUBA CITY, Calif. – Sierra Central CU announced a $1-million bonus dividend for members.

DENTON, Texas – DATCU said it paid members a bonus dividend for 2011 of $363,940 on Jan. 1.

Credit unions in the U.S. have paid members more than $75 million in special bonuses and loan interst rebates for business done during 2011.

PLATTSBURGH, N.Y. – Dannemora FCU paid its members a bonus dividend of $226,000.

FREMONT, Mich. – Gerber FCU paid members a 2.43% bonus dividend at the end of December, a total of $180,000.

BROOMFIELD, Colo. – Community Financial CU this week will be paying members a bonus dividend for the fourth year in a row, this time of $306,000.

SOUTH COLUMBIA, S.C. – SAFE FCU paid its members a $2 million bonus dividend and loan rebate Dec. 31.

KANSAS CITY, Mo. – Mazuma CU paid its members a year-end bonus dividend of $930,000.