WASHINGTON — Winners were feted and old friends greeted at Credit Union Times' Trailblazers reception Tuesday night at the GAC. (Photos by John Cooke)
The $3.9 billion Patelco Credit Union experienced its most profitable year in the Pleasanton, Calif.-based institution’s 76-year history, with a $55.5 million net profit and 1.48% return on assets. In fact, last year’s earnings were more than the total of $37 million earned from 2005 to 2011 combined.
The California economy and its credit unions are staging a comeback, but the Golden State doesn’t glitter as brightly as it used to.
California credit union garners more than 7,000 donations from members and employees.
Two recent court cases in which former credit union employees claim they were improperly classified begs the question: who's exempt?
The 273,000 members of the $3.7 billion Patelco Credit Union in Pleasanton, Calif., can now deposit checks with their iPhones or Android devices.
Credit unions that have restructured loans for struggling members no longer have to pay the price on their financial performance reports. That’s because a final rule released in May by the NCUA, which applied GAAP standards to the reporting of delinquent restructured residential mortgage loans, included a provision that released...
“Everybody in California is jumping up and down about this,” Patelco CFO Scott Waite said of the new rule.