Credit union-backed candidates didn’t win them all in Tuesday’s state primaries, but the industry did score some major wins in California and New Mexico.
Primary races include former CU exec candidacy.
Credit unions of all sizes are knocking the ROA ball out of the park, according to this data gathered by Callahan & Associates.
At one point, the high-flying commercial lending CUSO formed through Eastern Financial Florida Credit Union funded more than $200 million in business loans and served dozens of credit unions nationwide.
Patelco CU feted for opening its branches to other credit unions' members more than 1.6 million times in 2010.
NCUA-conserved Arrowhead Credit Union has posted its first quarerly profit in a year.
The NCUA-conserved Arrowhead Central Credit Union. said this week its interim CEO, Kay Woods, who has been credited with protecting the $671 million CU following its June collapse, is stepping down.
The $41 billion Navy Federal Credit Union announced Sept. 13 it will merge the $605 million United Services of America FCU of San Diego, which fell to 2.76% net worth as of June 30.
The NCUA-rejected sale of the $600 million United Services of America FCU's South Korean and Japanese branches was worth as much as $30 million, California Credit Union League Interim CEO Dave Chatfield said.
The Financial Service Centers Cooperative has replaced four previously shared branching outlets with a shared branch and kiosks housed in other spaces.