Wednesday, March 4, 2015
Panic Over Rising Interest Rates May Have To Wait Until 2016
Vincent Hui, senior director with Cornerstone Advisors Inc. in Scottsdale, Ariz., said he expects interest rates will go up "a little bit" in 2015, but nowhere near the sharp rise some forecasters predicted near the end of 2014.
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A new report finds that credit union lending hit record levels last year thanks to more consumers taking advantage of low loan rates at credit unions and continued improvements in the economy. more »
KEY WEST, Fla. — Keys Federal Credit Union, which was placed into voluntary conservatorship by NCUA in September 2009, announced that it generated "improved performance" in 2014 by "focusing on greater efficiency and consumer lending." more »
SEAFORD, Del. — The members who get the most out of their relationship with $252 million Sussex County Federal Credit Union received a Valentine's Day present of sorts. more »
LAS VEGAS — One Nevada Credit Union continued its strong recovery with net income of $7 million in 2014, the now $729 million CU reported. more »
Opinions vary throughout industry on the value of returning bonus dividends to members. more »
Altura Credit Union on Friday reported $11.6 million in net income for 2014 - its 15th consecutive quarter of positive earnings and fourth straight year of "solid" financial performance. more »
RICHARDSON, Texas — Texans Credit Union, which has been under NCUA conservatorship since April 2011, on Tuesday said it had net income of $21.7 million in 2014. more »
TYLER, Texas — For the second consecutive year, Cooperative Teachers Credit Union paid a year-end bonus dividend of $90,000 to its members. more »
LAS VEGAS — Silver State Schools Credit Union had $2.76 million in net income during the fourth quarter of 2014 — its 11th consecutive profitable quarter — and $13.27 million in net income for the year. more »
Albuquerque, N.M. — New Mexico Educators Federal Credit Union on Friday paid more than $7 million to its qualifying member-owners. more »
BATTLE CREEK, Mich. — OMNI Community Credit Union returned a total of $1 million in earnings to members through its annual Cashback Rebate Program. more »
Ontario, Calif., — CU Direct Corp. announced that its board approved the payment of a 3% cash dividend to its 104 credit union shareholders, making it the tenth straight year that the company has issued a cash dividend to shareholders. more »
LENEXA, Kan. — CommunityAmerica CU here returned more than $6 million to members through its Profit Payout program, with eligible members seeing an average return of $90. more »
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Don't Bank At Mazuma CU?
This ironic spot from Mazuma CU offers viewers a list of reasons NOT to bank at the credit union.
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