CUAid has raised and distributed more than $260,000 but foundation says the need continues.
As of June 30, New Mexico credit unions were thriving with a return on assets of 101 basis points, according to NCUA quarterly mapping data. That’s well above the national average of 0.86% ROA. However, the so-called fiscal cliff could curse profitability for credit unions in the Land of Enchantment.
Of the 2,000 credit unions located in the path of Hurricane Sandy, 838 were unable to operate, in varying degrees, during the difficult days following the super storm, according to the NCUA. And it took nearly a full week before most of those credit unions were be back in business...
While ROAA is well above national average, dependence on government jobs could make New Mexico and its credit unions vulnerable to fiscal cliff.
Whether we want to admit it, teens are intimidated by all financial institutions whether it is a bank or a credit Union. But why?
Partnership with PolicyWorks of Des Moines, Iowa.
Reloadable card can be used to teach the basics of personal finance, available through Credit Union Association of New Mexico.
CU Association of New Mexico coordinating program.
For the third week in a row, Northeast credit unions were doing the disaster drill, coping with flooded property, providing special loan deals to stricken members, aiding their own employees and assessing potential mortgage losses on portfolios.
The disaffiliation headache continued for CUNA this month with two large Albuquerque credit unions departing from the trade group and the Credit Union Association of New Mexico.