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.
North Island CU COO to replace retiring Bertha Foxford, who's leaving San Luis Obispo CU after 48 years.
San Diego CU says "gradual recovery" continuing under CEO John Tippets.
The closure of four of its branches has not stopped North Island Credit Union from retaining relationships with business members.
North Island Credit Union President/CEO John Tippets said he's cautious but positive he can turn the ailing $1.4 billion San Diego credit union around, despite dropping to 3.39% net worth at year-end 2009.
North Island Credit Union President/CEO John Tippets said he's "cautious but positive" he can right the struggling credit union's course.
California's struggling large credit unions didn't gain any ground during fourth quarter 2009.