Thursday, August 21, 2014
Lucky 13 For Altura CU As Positive Earnings Streak Continues
RIVERSIDE, Calif. — Altura Credit Union reported $3.82 million in net income during the second quarter of 2014, marking 13 consecutive quarters of positive earnings.
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ALEXANDRIA, Va. — Credit unions' mortgage originations fell by almost 60% in the first quarter of the year, according to call report data released Tuesday by the National Credit Union Administration. more »
It was the end of the line Friday for $7.9 million Life Line Credit Union, as it was shuttered by the Virginia State Corporation Commission. more »
PLANO, Texas — Credit union CEO confidence in the economy has climbed to its highest level in more than six years, according to Catalyst Corporate FCU's Q1 CEO Confidence Survey. more »
The Director of the Michigan Department of Insurance and Financial Services on Friday placed Detroit's Health One Credit Union into conservatorship due to the "recent discovery of unsafe and unsound practices." more »
EL SEGUNDO, Calif. — As checking rates finally begin to inch upward this year, CUs are well ahead of banks in the average yield paid on checking products, according to GoBankingRates. more »
Altura Credit Union reported $3 million in net income during the first quarter of 2014, marking 12 straight quarters of positive earnings, as its assets climbed to $730 million. more »
Silver State Schools Credit Union continued its remarkable turnaround in the first quarter, posting $2.5 million in net income as it reported "steady progress." more »
RANCHO CUCAMONGA, Calif. — CO-OP Financial Services announced today that it delivered a shareholder dividend of $30.5 million for fiscal year 2013, a 17% increase from the previous year. more »
CHARLOTTESVILLE, Va. — Credit unions continued to grow assets, loans and leases, and shares and deposits in 2013 — once again led by the largest institutions — according to new analysis by SNL Financial. more »
Maybe Bank of America's controversial decision a few years ago to charge for checking accounts was a smart idea after all. more »
ALEXANDRIA, Va. -- Credit unions finished 2013 with some strong gains, but also saw some slipping in important metrics such as return on average assets and share growth. more »
ALEXANDRIA, Va.— Loans, membership and net worth at federally insured credit unions continued to rise during the last quarter of 2013, but net interest margins remain on the decline, according to fourth quarter data released Monday by NCUA. more »
WOODBURY, Minn. -- Postal CU here has returned more than $524,000 to its members, 16% of its 2013 earnings. more »
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