X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Like everyone else, Eagle Community Credit Union has weathered what CFO Scott Rains described as several years of blustery economic conditions. What’s more, the $206 million institution, located in the Orange County, Calif., community of Lake Forest, has prospered almost in spite of guidance given by its examiners.

Eagle Community, which serves 18,000 members including many federal employees, has few mortgages on its books and is primarily focused on short-term member loans. To help the credit union stay financially viable as the loan market softened in recent years, Rains rolled 50% of the credit union’s assets into investments. But volatile interest rates and a changing economic climate have started to threaten earnings even from that portfolio.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.