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.
Credit unions are bracing to dig even deeper into their pockets. An increase in CAMEL 3, 4 and 5 credit unions and more credit union closings are causing strains on the NCUSIF.The fund's equity ratio is 1.21% assuming all credit
Larry Sharp, fired by the NCUA two weeks ago after his credit union was seized June 25, already has a new job.
Thanks to a good relationship with its sponsor group and a stroke of luck, the $330 million Vons Employees FCU opened a full service,
The $876 million Arrowhead Credit Union can continue to process pending member business loan applications but not accept new ones, the NCUA said.