Oklahoma credit unions offer special terms for storm shelter loans, before and after death, destruction in Moore.
CEFCU, Peoria, Ill., announced that a record extraordinary dividend of $9 million has been distributed to CEFCU members. The dividend was based on members’ savings and loan activity during, with $4.5 million going to borrowers and $4.5 million going to savers.
Hirings, promotions, career moves.
The timing of the conclusion of FAA Credit Union’s promotion of storm shelter loans proved ironic.
Uncontrollable environmental factors such as stiff competition, low loan demand and regulatory changes have posed challenges for CUs looking to grow. But some are managing to do just that. Here’s how three credit unions, two in Oklahoma and one in Iowa, achieved growth in the midst of a recession.
Credit unions in a range of sizes mostly indicated a general willingness to participate in the NCUA’s corporate credit union assessment prepayment plan. But some said they wanted more information on, or modifications to, the proposal.
Many credit unions are helping consumers make the best of these lean times.
AMOCO Federal Credit Union, Texas City, Texas, paid out approximately $1 million in bonus dividends and loan interest refunds to its membership.
Quincy Credit Union, Quincy, Mass., announced the selection of Maura Gilmartin as the credit union's business development coordinator.