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Saturday, May 23, 2015
Corporate CU Stabilization Fund Moves Deeper Into Black: NCUA
ALEXANDRIA, Va. — NCUA's Temporary Corporate Credit Union Stabilization Fund continues to improve, and if the current trend holds, credit unions can expect a nice payout — but not for another six years.
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The Federal Accounting Standards Board (FASB) has indicated it plans to make changes to how financial institutions calculate allowances for loan loss reserves, moving from an incurred loss model to an expected loss model. more »
Unemployment and gas prices are both down, and interest rates may soon be heading up — all of which spells good news for credit unions' bottom lines. That's the verdict from a number of CFOs and economists who spoke with Credit Union Journal and predicted that while sunnier times may be on the way, CUs can do more now to bolster the bottom line later. more »
WASHINGTON — The first quarter of 2015 might have been a weak one for overall GDP growth, but credit unions exhibited strength in a number of areas. more »
Though concerned about diluting NCUA's efforts to help small CUs survive and thrive, credit unions largely support the agency's proposal to increase asset-size definition from $50 million to $100 million, with most pushing for going all the way up to $550 million, in keeping with the FDIC's definition. more »
RIVERSIDE, Calif. — Altura Credit Union on Friday reported $2.34 million in net income for the first quarter — stretching its streak of consecutive quarters of positive earnings to 16. more »
It was a busy Thursday for NCUA, as it placed New Bethel Federal Credit Union, Portsmouth, Va., into conservatorship, and liquidated TLC Federal Credit Union of Tillamook, Ore. more »
Silver State Schools Credit Union Friday said its financial results for the quarter ending March 31 show "continued progress" as it reported net income of $2.88 million. more »
MOON TOWNSHIP, Pa. — Clearview Federal Credit Union is wrapping up its "Thanks A Million" initiative, part of its "10th Anniversary Members Matter Celebration" that has been investing a total of $1 million in Clearview members and community over the last three months. more »
DAYTON, Ohio — The Superintendent of the Ohio Division of Financial Institutions on Thursday placed Montgomery County Credit Union, Inc., into conservatorship and appointed the National Credit Union Administration as agent for the conservator. more »
BURNSVILLE, Minn. — US Federal Credit Union Wednesday announced it has surpassed $1 billion in assets. more »
BIRMINGHAM, Ala. — Shared branching network CU Service Centers of Alabama is set to return $147,000 in patronage rebates and dividends, the fourth consecutive year it has done so. more »
A new study reveals the pace of credit unions failures and closures has gone down since the beginning of 2014, and the report's author says it's a sign of a healthier CU industry. more »
WATFORD CITY, N.D. — Several years into the oil boom in Western North Dakota, two credit unions say that for all the growth they've seen, there's no escaping a very real people problem. more »
Jun 01 - 03 | NCCR

Hyatt Regency
New Orleans
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Jun 08 - 10 | Digital Banking Summit

Hilton Austin
Austin, TX
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Take Me Out to the Ball Game
It's baseball season, and this spot from SPIRE CU highlights the credit union's connection - both as a sponsor and philosophically - with local team the St. Paul Saints.
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