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.
The account also includes access to a financial education and support program.
Credit unions that have restructured loans for struggling members no longer have to pay the price on their financial performance reports. That’s because a final rule released in May by the NCUA, which applied GAAP standards to the reporting of delinquent restructured residential mortgage loans, included a provision that released...
Auto Expert says vehicle sales up 35% in second quarter, revenue up 38%, as it works with 17 credit unions.
The Riverside, Calif., credit union said it will return human beings to its Murrieta branch after it had been an ATM-only location for almost a year.
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.