Performance reports

PASADENA, Calif. – Wescom Central CU, still struggling with the southern California recession, announced plans yesterday to shutter another eight branches.

LIBERTY LAKE, Wash.-An emphasis on growth, increasing wallet share and service that lets employees and members have fun has helped Spokane Teachers CU here earn recognition as one of the highest performing CUs in the country.

WEST PALM BEACH, Fla.-As credit unions gear up for the holidays, annual dividends and special deals abound. Brings readers some of the latest seasonal specials.

PHOENIX-At the same time Americans are incensed by banks collecting TARP money and paying executives big bonuses, some leaders within the credit union movement are taking accountability for lean years by voluntarily capping their salaries and even reducing their pay.

LANCASTER, Ohio – NCUA yesterday liquidated another small CU, this time Fairfield County Ohio Federal Employees FCU.

TACOMA, Wash. — A stringent focus on maximizing efficiency and establishing a solid product development system based on member feedback has helped Sound CU here become one of the best performing, large credit unions in the country.

INDIANAPOLIS — Don't suggest to FORUM CU that growth via SEG marketing is an outdated strategy. That "old school" approach to expansion is responsible for more than half of the $1-billion CU's growth over the last 19 years.

LAS VEGAS — Frontier Financial Credit Union is among those encountering one of the odd byproducts of 2009's economy: it doesn't want any more of members' savings.

LAS VEGAS — Wally Murray, president and CEO of Greater Nevada CU in Carson City, and also chairman of the Nevada Credit Union League, said his CU is in survival mode.

LAS VEGAS — For at least one credit union, expansion remains the strategy.

LAS VEGAS — The recovery banner has been waving on Wall Street for several months now as the stock markets charge ahead, but not everyone is buying.

CONSHOHOCKEN, Penn. — Strong growth managed to maintain a healthy balance sheet is a recipe for long-term success.

EAU CLAIRE, Wis. — Financial problems faced by one bank in this state played right into the hand of Royal Credit Union, which has acquired 11 branches from troubled AnchorBank.

WASHINGTON — As the credit crunch continues, credit unions are seeing healthy loan growth for the first three quarters of the year, according to a sneak peek at Call Report data being submitted to NCUA right now.

FORT MYERS, Fla. – The FDIC shut down Commerce Bank of Southwest Florida Friday and assigned the remnants of the failed institution to Central Bank of Stillwater, Minn.

EAU CLAIRE, Wis. – Financial problems faced by one bank in this state played right into the hand of Royal CU, which agreed to acquire 11 branches from troubled AnchorBank as part of its growth strategy.

LAS VEGAS — It's fitting credit unions from California and Nevada will be meeting here this week. The city that figuratively and financially symbolized the real estate boom has been hit hard by the housing crash and a painful, ongoing recession.

ALEXANDRIA, Va. — NCUA said it is instructing its examiners to put less emphasis on the "E" or earnings component in the so-called CAMEL code, as long as a credit union has a long-term strategic plan to weather the current economic environment.

ORLANDO, Fla. — Individual credit unions and their trade associations need to generate greater consensus and a more in-depth plan for alternative capital if they expect Congress to take action anytime soon, according to NCUA board member Mike Fryzel.

SAN DIEGO — Credit Union Journal asked attendees at the CUNA Operations, Sales and Service Council's annual conference here if they have seen signs of an economic recovery.