At a time when some companies are skittish about paying out stored-up pension plans for longtime employees, Lending Solutions Inc. recently went in the other direction.
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.
Hope Federal Credit Union releases mobile app; CEO notes Mississippi has highest percentage of wireless homes in the nation.
Patricia Piscioneri accused of four years of inside theft from small Massachusetts credit union.
Lending solution provider CU Direct Corp. said its board of directors recently approved a 3% cash dividend to its 102 shareholders.
Clevelander Jukic Zrino was business partner with failed credit union's jailed CEO.
Lower approval rates seen from banks, credit unions and alternative lenders.
Shastic's AutoCalcubot now in use at Kinecta FCU, other large credit unions.
Long Island's largest credit union raising funds with United Way and Red Cross, working with members on new terms for existing loans, new lending.
Maryland is the richest state in the union with a median household income of $70,004, a cool $20,000 above the national average. However, as of June 30 Maryland’s credit unions reported just 61 basis points worth of profit, well below the national average of 0.86% ROA.