Performance reports

TRACY, Calif. – NCUA, which took over Tracy FCU last month, liquidated the one-time $33 million credit union and assigned its remnants to Valley First CU under a purchase and assumption agreement.

SACRAMENTO, Calif. – California credit unions are reporting better numbers for the first quarter, but economic indicators have yet to point to an end to the state’s depressed economy.

SAN ANSELMO, Calif.-Certificates with terms of three or more years and less than $100,000 are the most sensitive to the Fed effective rate according to new analysis from Market Rates.

EUREKA, Calif.-Coast Central CU has parlayed strengths in operational efficiency, cross-selling and the depth of member relationships it has with its members to a spot on the Credit Union Journal Leaderboard.

WASHINGTON-The role of the financial regulators' and their oversight failures is coming under increasing attention by Congress and the public as the debate over financial services reform comes to a head.

NEW YORK – Polish & Slavic FCU will pay its members a $2.5 million special dividend on May 3 to coincide with the anniversary of the Polish Constitution of 1791.

CLEVELAND – NCUA this afternoon took under conservatorship St. Paul Croatian FCU because of the declining financial condition of the $250 million credit union.

WASHINGTON – CUNA on Monday released audited financials to show the trade association erased two years of red ink with $6.8 million in net income for 2009.

LAKE BLUFF, Ill.-Without capital credit unions will not play a significant role in the nation's economic recovery and, moreover, a large number will fail if they cannot access some form of alternative capital.

ALEXANDRIA, Va.-Despite one consultant's "stress test" that shows CUs are considerably undercapitalized, NCUA believes CU capital is strong enough to withstand ongoing economic challenges, following stress tests the agency has performed.

LAKE BLUFF, Ill.-Credit unions did not manage their balance sheets as well as banks in 2009, and it may cost them in the coming year, according to a stress test just released by Moebs $ervices.

PHILADELPHIA – A man paroled from prison in February after serving a six-year sentence for bank robbery was identified on video cameras as the individual who held up a TruMark Financial CU branch Friday.

EL SEGUNDO, Calif.-One of the problems with reining in Reg Flex is that in the process, NCUA could unwittingly rein in credit unions' ability and appetite to innovate, suggested Teresa Freeborn, CEO of Xceed FC, who offered her perspective on the proposal.

BEL AIR, Md.-NCUA's changes to its Reg Flex program are appropriate given the changing economic environment, according to Rose Ann Lambert, CEO of Freedom FCU here.

PALATKA, Fla.-A credit union CEO who appealed to Congressional leaders and President Obama for help and flexibility has no issue with NCUA's decision to alter its Reg Flex program.

MIAMI-The number of consumers behind on their mortgage payments but current on their credit cards continues to rise, while bankruptcies are also set to increase.

MIAMI-Big banks are acting more like credit unions, at least it when it comes to collections, and their efforts are apparently paying off. With unemployment near double digits nationwide, many customers are newly delinquent and in positions to which they are not accustomed.

DALLAS-Everything is bigger in Texas, including some of the challenges for its smallest CUs. This concept is well illustrated by CUs operating as very small fish in very large ponds, yet also finding niches in which they can prosper in the Lone Star State's largest markets.

DALLAS-Texas Health Resources CU CEO Suzanne Chism believes small credit unions help paint a picture for those outside of CU circles that may help turn the tide in a legislative battle with banks.

SAN ANTONIO-Express News FCU is making headlines in tough economic times. CEO Linda Tudyk said support from its newspaper sponsor, San Antonio Express News is critical to the success of the credit union.