State league holds annual confab in Topeka.
Stephen O'Connell from California Credit Union takes corner office from John Tippets in October.
Credit unions in West Virginia and New York, CEOs in Florida and California among honorees.
The Golden State’s credit unions may be nearing the end of their long journey to recovery. According to the California and Nevada Credit Union Leagues, California CUs made progress in 2011 in the areas of net income, net worth ratios, membership growth and loan performance.
Credit unions in California and Oregon enjoyed a surge of new members on Bank Transfer Day, as well as on the days leading up to Nov. 5. To encourage new member signings, some CUs kept branches open during extended hours while others marketed Bank Transfer Day promotions.
Reports out of Southern California credit unions and from CUNA point to a successful Bank Transfer Day in that state.
At the close of 2011’s second quarter, a handful of credit unions located in the sand states, where a teetering economy has made it most difficult for financial institutions to thrive, shared hopeful bits of news: net worth ratio improvements, net income increases, loan loss reductions and operating expense cutbacks.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
CEO of recovering San Diego credit union says he may step down next year.
San Diego CU says "gradual recovery" continuing under CEO John Tippets.