Financial Performance
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With two new studies examining fees and what consumers are willing to pay for, credit unions are being urged to proceed by thinking of the member before the balance sheet . more »
NORTH CHARLESTON, S.C. – A work-out specialist brought in six months ago at troubled CPM FCU was named permanent president and CEO after helping engineer a turn-around at the $280 million paper mill-sponsored credit union. more »
SUPERIOR, Wis. – A logging company featured on the History Channel’s “Ax Men” series has three months to find a buyer before its forest and lumber mill goes to a sheriff’s sale, under a foreclosure order issued Monday to Superior Choice CU. more »
BALTIMORE – NCUA continues to express concerns over the declining viability of small credit unions, with NCUA Chairman Debbie Matz saying more than one-third of all credit unions with less than $50 million in assets are unprofitable. more »
A new economic analysis being released today says the data shows "no evidence that state and federal tax policies give credit unions unfair competitive advantages over banks." more »
Just a year ago forecasts for the second half of 2012 were cautious. more »
The banking industry earned a record $40.3 billion in the first quarter as rising noninterest income and the continued drop in loss provisions made up for declines in interest-related income, according to the Federal Deposit Insurance Corp. more »
The "omni-channel" experience, avoiding complacency and taking some risk will be the keys to growth in the second half of this year, according to Shazia Manus. more »
Ted Bilke sees CUs continuing to leverage mobile banking in the second half of the year to keep a leg up on community banks. more »
The next few months will see significant changes in the mortgage loan market and those changes will impact the credit unions that write those loans, according to Jeff Chesky. more »
The positive signs the economy is showing as the second half of 2013 approaches are now being reflected in CU performance, observed CO-OP Financial Services. more »
The metaphorical canary has left the coal mine, which Scott Hansen is a sign CUs are in good position for growth in the next six months. more »
Credit unions are enjoying a slow, but steady, improvement in the bottom line thanks to an improving economy, and the second half of the year holds similar promise-that is, unless the Consumer Financial Protection Bureau mucks things up, an expert suggested. more »
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