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.
NAR reports August sales up nearly 19% from year-ago month.
For months it has been the sand states getting all the merger attention. But last week’s consolidation move by the $2.6 billion Visions FCU, Endicott, N.Y., to take over the long-ailing $330 million Paragon FCU in New Jersey shifted the merger focus to the Mid-Atlantic.
Nov. 1 conclusion eyed for New York credit union's takeover of troubled New Jersey counterpart.
Inspector General report says loan losses, investment concentrations doomed liquidated CU.
A real estate analytic and forecasting firm is sticking by its predictions for a significantly smaller mortgage and real estate market in 2011 over 2010.
Kinecta FCU jumps into Orange County mortgage market with new processing center.
A real estate analytic firm is sticking by its predictions for a smaller mortgage and real estate market in 2011.
Even as the housing markets in many areas struggle and decline in the face of ongoing high unemployment, some credit unions have continued to offer mortgages for some of the biggest residential sales.