Two of NCUA's sand state conservatorships appear this week to be on positive but differing financial tracks.
Over the weekend, NCUA touted the second-quarter improvement of $11.3 million in profit for the $681 million Arrowhead Central Credit Union of San Bernardino, Calif., which was conserved in June 2010.
But media reports on another NCUA-run CU in Yuma, Ariz., the $309 AEA FCU, still show it struggling against a sea of delinquent loans, though it did report $1.3 million profit in the first quarter following its $31 million loss in 2010. It was conserved in December 2010. Second quarter reports were being awaited.
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