Daily Briefing for Friday, January 27:
Troubled Silver State Schools CU Gets More Financial Assistance
LAS VEGAS – Silver State Schools CU, the one-time $1 billion credit union under state supervision for the past year, reported a $2.8 million loss for its fourth quarter and an $8.4 million loss for the year this afternoon.
- Developer Testifies AEA FCU Exec Foisted Millions In MBLs On Him
- Return To Red Slows Huge Kinecta FCU Merger
- Another California Giant Reports Turnaround
- Fixed-Rate Mortgage Rates Rise From Record Lows
- CU Hawaii FCU Combines With Ka’u FCU
- Merger Creates Big Oregon CU
- Greater Iowa CU Hires CU Veteran As CEO
- Deluxe Overcomes Decline In Checks To Post Fourth Quarter Gains
- FICO’s First Quarter Earnings Surge
- Evolve FCU Gives $100,000 To Make-A-Wish Foundation
- Community Choice CU Offers $100,000 In Scholarships
- Loan Officer Banned By NCUA For Arranging $46,000 In Phony Loans
This Week's Lead Stories
Questions Raised As 5 More Settle EFTA Lawsuits
BURTON, Mich.-Five more credit unions have agreed to settle pending civil suits alleging they violated the Electronic Funds Transfer Act's fee disclosure provisions.
Sleepless In Seattle
TUKWILLA, Wash.-Many credit unions have seen an increase in new members and loans as a result of Bank Transfer Day. And then there's BECU here.
Tireless In Sacramento
SACRAMENTO, Calif.-In the last four months of 2011, $7.4-billion The Golden 1 Credit Union saw its monthly average new members numbers increase 75%.
CAMEL Disclosure Leads To New Exams
ATLANTA-As reported first by Credit Union Journal, NCUA says it will begin independent insurance reviews for all federally-insured, state-chartered credit unions in North Carolina as the result of the ongoing release of its CAMEL rating by State Employees Credit Union in Raleigh.
Bank Customers Now CU Members
ST. JOSEPH, Mich.-The former customers of Griffith Savings Bank are now officially members of United FCU, following the first-ever purchase by a federally chartered credit union of a state-chartered mutual savings bank.
Special Report
Technology
This week's special report on technology includes a pair of roundtables — one with a group of technology executives discussing what will hold their focus in 2012, and another with solutions providers who share their views on developing consumer and credit union trends.
Special Report
Loan-Building Strategies
In this issue Credit Union Journal profiles lending experts and credit unions themselves for ideas and strategies on how to grow the lending portfolio in 2012. Ideas range from old-standbys to new approaches, with a goal of offering Journal readers some fodder for growth.
Special Report
2012: The Year Ahead
Just what does the new year hold in store for credit unions? Credit Union Journal asked a whole host of CU executives and other industry experts what they're expecting to see in 2012 in everything from lending and the economy to compliance and legislation. Click here to read up on the predictions for the year ahead.
