Performance reports

MADISON, Wis. - The public interest would be well-served were credit unions given greater access to alternative capital sources, according to a new report from the Filene Research Institute.

INDEPENDENCE, Mo. - What do the top 100 credit unions in terms of growth have in common? A sales and service culture, according to an analysis by one credit union expert.

TUKWILA, Wash. - To grow your credit union, don’t focus on growth–focus on making members happy.

OVERLAND PARK, Kans. - Credit unions have a secret weapon that banks generally don’t have when it comes to growth: collaboration.

WALL STREET - Fitch Ratings, citing continued exposure to the crashing mortgage market, downgraded its ratings for U.S. Central FCU last week.

MADISON, Wis. - The latest reductions in the federal funds rate should only help credit unions to increase their earnings, according to an analysis by two experts, with one cautioning that credit unions must be particularly aggressive in managing their costs of funds.

KEY WEST, Fla. - It’s good to track the credit union’s growth against the business plan and past performance, but it’s better to also compare how the organization is performing against local competitors.

WASHINGTON - NCUA Chairman JoAnn Johnson told Congress last week that credit unions have beefed up their provision for loan losses over the past year and are well positioned to weather the continuing credit storm, even as delinquencies and charge-offs continue to rise.

MADISON, Wis. - Despite taking a hit from investment losses tied to the subprime market, CUNA Mutual said its 2007 financials show a record year for earnings.

MADISON, Wis. - The credit union industry’s loan-to-savings ratio decreased slightly to 84.4% during January from 84.6% in December as savings outpaced loans, according to analysis by CUNA. The liquidity ratio rose to 18% in January from 17% in December.

ALEXANDRIA, Va. - Credit unions are in Washington this week for CUNA’s GAC looking to talk politics, but they’ll likely find themselves fielding a few questions about their own balance sheets.

ALEXANDRIA, Va. - Buffeted by several large credit union failures, NCUA said the National CU Share Insurance Fund lost $185.4 million in December, the most losses for one month or for an entire year in the fund’s existence.

MADISON, Wis. - Measuring a credit union’s performance against another “high-performing” credit union raises a difficult question: what is a high-performing CU?

ARLINGTON, Va. — When Leap Year was created, the goal was to get the seasons to line up with the calendar and ensure everyone was celebrating Easter at the same time. But the Feb. 29 Leap Day this week will also have a small but measurable effect on credit union balance sheets.

WASHINGTON - Senior members of the House Financial Services Committee called on Treasury Secretary Henry Paulson and Education Secretary Margaret Spellings to help inject liquidity in the student loan market just as the liquidity crisis appears to be seizing up the secondary market for student loans.

WASHINGTON - The rapid build-up in credit union liquidity raised credit union investments in the Trust for Credit Unions Money Market Portfolio to $1.047 billion earlier this month, up $687 million from the previous year, according to Callahan Financial Services, a subsidiary of Callahan & Associates.

VERNON HILLS, Ill. -

TOPEKA, Kan. -

ORLANDO, Fla. -

MADISON, Wis. - Credit unions closed out 2007 with loan growth exceeding savings growth and the loan-to-share ratio rising to 84.6% from 83.9% one month earlier, according to data released by CUNA.