Performance reports

MADISON, Wis. — Forget Whoville — the Grinch will continue to be felt in CUville.

ARLINGTON, Va. — This year could prove to be even more difficult for CUs than 2010, cautioned Tun Wai, who is also concerned that credit unions may be tempted to move away from conservative lending practices as the weak economy drags on.

TEXAS CITY, Texas – AMOCO Federal Credit Union is paying a $1 million bonus dividend/loan interest refund to its members, the 15th year it has made such a year-end payment.

HARRISBURG, Penn. – Credit unions belonging to the Pennsylvania CU Association will receive a total of $500,000 in a “loyalty rebate” from the league’s CUSO.

SYRACUSE, N.Y. – Empower FCU here is paying $2.5 million in “give-back” bonus dividends to reward members for a successful year.

SALT LAKE CITY-NCUA and state regulators last week shuttered Beehive CU and assigned the assets of the one-time $200-million credit union failure to Security Service FCU, the $6-billion San Antonio-based credit union, the latest Utah failure to be go to an out-of-state credit union.

WASHINGTON – Regulators shuttered another six banks in four states, including three more in Georgia, in Friday, making 157 failures so far in 2010.

YUMA, Ariz. – NCUA brought in Thomas Martin, a long-time credit union executive, to manage AEA FCU, the one-time $410 million credit union taken over Friday evening.

YUMA, Ariz. – NCUA this evening took under conservatorship troubled AEA FCU, the one-time $410 million credit union that has accrued a growing portfolio of failed member business loans.

RIVERWOODS, Ill. – Discover Financial Services Co. said higher transaction volume on its credit cards contributed to a 5% growth in fourth quarter net income, to $346.5 million.

SALT LAKE CITY – NCUA and state regulators yesterday shuttered Beehive CU and assigned

The "Credit Union Industry HealthScore" created and monitored by Glatt Consulting, shows the overall "health" of CUs declined to 2.329 in Q3, down 2.01% from Q2 and a -6.76% change from Q3 2009.

PEORIA, Ill. – CEFCU paid its members a $7 million extraordinary dividend, one of the biggest of the year.

BALTIMORE – Municipal Employees CU paid members $2.1 million in loan rebates last week, the second of three installments in this year’s $4.25 million member payout.

WASHINGTON-The third quarter revealed some positive signs for CUs, including the best third quarter for loan activity in the last five years and net income growing to $3 billion, well above the $1.2 billion net income tallied in all of 2009.

WASHINGTON-A new analysis suggests credit unions will be paying the cost of rebuilding their deposit insurance fund in the wake of both natural-person and corporate CU failures for at least another 11 years.

ALEXANDRIA, Va.-Credit unions had one of their slowest quarters ever in the July-Aug. period, with both loan growth and deposit growth almost flat, NCUA reported last week.

ALEXANDRIA, Va. – NCUA said it has adding numerous disclosures to its 5300 Call Reports for the fourth quarter that will reflect each credit union’s payment for costs associated with the National CU Share Insurance Fund premium and the corporate credit union stabilization.

MADISON, Wis. – In what is turning out to be one of the poorest years on record for lending among credit unions, loan portfolios declined another 0.2% in October, meaning total credit union loans have fallen by almost 1.2% for the first ten months of the year, according to CUNA.

SALT LAKE CITY – NCUA and state regulators continue to shop Beehive CU, even as they conceded the one-time $200 million credit union has failed and will cost the National CU Share Insurance Fund more than $25 million to resolve.