Performance reports

RALEIGH, N.C. – State Employees’ CU, the nation’s second-biggest credit union, reported another strong year for 2011, including 10% growth to $23.7 billion in assets and a 0.82 return-on-assets.

HANSCOM AIR FORCE BASE, Mass. – Hanscom FCU paid $567,000 to its member-owners at the end of 2011 in the form of a loyalty dividend.

SYRACUSE, N.Y. – Empower FCU said it paid its members a $2.5 million “give-back” bonus dividend and interest rebate.

FORTH WORTH, Texas – American Airlines FCU paid members a $10 million special dividend at year-end, one of the biggest member payouts for the year.

Should credit unions surpass $1 trillion in assets during 2012, it will prove to be a strong indicator of the growth CUs have seen, as many began their lives in cigar boxes. But the growth is coming with some strong challenges.

LAKE BLUFF, Ill.-Credit unions face difficult operating decisions to maintain the bottom line and to provide for $1 trillion of assets-and soon 100 million members, according to Michael Moebs.

ASHWAUBENON, Wis. – PCM CU paid $370,252 in year-end patronage refunds to its members for 2011.

FAIRBORN, Ohio – Wright-Patt CU members started off the new year last week with a $5 million special patronage dividend paid to their accounts from their credit union.

PHILADELPHIA – NCUA this afternoon took People for People Community Development CU under conservatorship while it tries to nurse the troubled CDCU back to health.

CHARLEVOIX, Mich. – Bay Winds FCU paid its members a $500,000 bonus at the end of 2011.

DEARBORN, Mich. – Members of DFCU Financial, Michigan’s biggest credit union, got a New Year’s present yesterday, a $21 million patronage dividend—the biggest ever among credit unions.

ANTIGO, Wis. – CoVantage CU paid members a $1.5 million patronage dividend comprised of both a loan dividend and a loan rebate.

TEXAS CITY, Texas – AMOCO FCU said it will pay its members $1 million in bonus dividend and loan interest refunds for 2011, the 16th straight members’ payout for the $565-million credit union.

SAN FRANCISCO-Will some of the additional risks taken during 2011 to get additional loan dollars come back to haunt in 2012?

MADISON, Wis.-The U.S. economy improved somewhat in 2011, but according to Dave Colby the global economy is a "little bit more risky" as the calendar turns to a new year.

ONTARIO, Calif.-California is seeing solid signs of recovery from the economic downturn-especially along its coastal regions-but Nevada is "still struggling."

NEW YORK-If the economy rebounds in 2012 some of the last people to feel it will be CUs that are part of the National Federation of Community Development Credit Unions.

LAKE BLUFF, Ill.-It's a long way from those early cigar boxes. Credit unions are expected to surpass $1-trillion in total assets sometime later this year, perhaps in the first half of the year.

ALEXANDRIA, Va. – NCUA has released the 2010 audited financial statements for the Temporary Corporate Credit Union Stabilization Fund, saying the statements received an unqualified or “clean” audit opinion from KPMG LLP.

BIRMINGHAM, Ala. – NCUA announced this morning it liquidated Birmingham Financial FCU, a $1.3 million community development credit union it has run under conservatorship since October and assigned the remnants of the year’s 15th credit union failure to $113 million eCO Credit Union of Birmingham.