Given the stall in lending activity for many in the industry since the recession, AltaOne Federal Credit Union was expecting to see negative signs in its auto loan portfolio at the end of 2011.
After a net loss of $12.8 million in 2010, the $1.2 billion Kern Schools Federal Credit Union in Bakersfield, Calif., declared 2011 its best year for financial performance since 2007. The CU announced a net income of $22.4 million for 2011 and a net worth ratio that jumped from 4.31%...
California CU said its net income was $22.4 million for 2011, an improvement of more than $35 million from 2010.
California CU completes two-year project, gets $100,000 Verizon credit.
GFA Federal Credit Union Gardner, Mass., received the first place Dora Maxwell Social Responsibility Recognition Award and the second place Louise Herring Award for Philosophy in Action from the Massachusetts Credit Union League