In their quest to comfortably cover operating expenses with help from noninterest income, several credit unions said this year, they’ll mostly rely on NSF fees and interchange income, followed by income from insurance products and monthly service fees.
Once-troubled California credit union says 2012 was best in its history.
When a litany of loan and management problems led to the demise of Telesis Community Credit Union earlier this year, the business lending CUSO it founded 17 years ago likely knew it would inherit a perception problem within the industry.
This preview from next week's print edition focuses on the challenge faced by Business Partners LLC following the Telesis collapse.
A year ago, unemployment was 14% around the Inland Empire in California, much higher than the national average.
Investment in CUSO drives net income down at California credit union.
Altura in California, AEA in Arizona back in black after earlier losses.
The $731 million Altura Credit Union sent one of its members, Miriam Perez Blum of Moreno Valley, to meet Grammy-award winning country music singer Carrie Underwood at the Stagecoach Country Music Festival held earlier this month.
The $722 million Altura Credit Union in Riverside, Calif., will close four branches and is apparently laying off 11% of its workforce.
The $726 million Altura Credit Union of Riverside, Calif., is contributing support to the Japan Relief Fund effort for victims of the Japanese earthquake and tsunami.