The Golden State’s credit unions may be nearing the end of their long journey to recovery. According to the California and Nevada Credit Union Leagues, California CUs made progress in 2011 in the areas of net income, net worth ratios, membership growth and loan performance.
At the close of 2011’s second quarter, a handful of credit unions located in the sand states, where a teetering economy has made it most difficult for financial institutions to thrive, shared hopeful bits of news: net worth ratio improvements, net income increases, loan loss reductions and operating expense cutbacks.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
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, headquartered in Riverside, Calif., will close four branches and lay off 11% of its workforce.
The $722 million Altura Credit Union in Riverside, Calif., will close four branches and is apparently laying off 11% of its workforce.
The $781 million Altura Credit Union is now offering users of iPhones, Androids, BlackBerrys and other Internet-enabled devices free downloadable mobile banking applications.
Altura Credit Union, Riverside, Calif., this month closed its branch office at E. Florida Ave. in Hemet, Calif., and merging it with its second Hemet branch office at 320 S. Sanderson
WesCorp wanted to enter the mobile banking market for credit unions but knew it needed something to help it stand out in that crowded space. So it went to the core of the matter. Or, in this case, the core processing system.
Wanting to create relationships and future opportunity in the 18-to-24-year-old demographic group a group of credit union executives kicked off a brainstorming session with the phrase, "Well, I think they would like..."