ENDICOTT, N.Y.-Thanks to extremely strong performances in mortgage and commercial lending, Visions FCU here posted a net income of $37 million and 1.5% ROA for 2009, despite a $3-million charge for the corporate assessment.

Widespread economic uncertainty prompted the $2.3-billion institution to tighten its operations and become very aggressive in its lending practices. CEO Frank Berrish explained that it ran a number of promotions throughout the year, including 3.9% one-day loan sales, to get money out the door.

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