Since at least 2010, Telesis Community Credit Union’s member business loan program has been in a downward spiral.
With a heavy concentration in member business loans, Telesis Community Credit Union may not have been prepared for fluctuations in that market.
Notwithstanding poor performance on membership and loans, the industry’s overall health improved markedly in the first quarter, according to the HealthScore survey compiled by Glatt Consulting LLC.
A willingness to LISTEN and learn.
There’s too much going on these days to focus on one thing. Sure there are lots of options to write about but it can also be distracting. So here’s a spin around the credit union industry in 800 words or less to highlight a few big issues.
Glatt Consulting says membership growth has not jumped, despite favorable publicity vis a vis banks.
The industry debate over the propriety of the public campaigns of small, deeply troubled inner city credit unions to raise capital among other CUs and the citizenry has generated lively and sometimes strident rhetoric.
By most accounts, 2010 should have been a barn burner in the number of credit union mergers, based on rising assessments, the corporate crisis and a bad economy hitting a large part of the country.
The industry's financial health slipped in the third quarter based on "HealthScores" calculated by a North Carolina firm, Glatt Consulting LLC of Wilmington.
The handful of financial consulting firms that track national and individual credit union data is getting some competition