Credit Union Management

Every now and again its interesting to study the statistics of the credit union industry. Some we find merely satisfy an idle curiosity, while others can have far more serious implications.

The Yuma, Ariz.-based, $229 million AEA FCU faces millions of dollars in bad loans and a relatively poor net worth ratio, according to its most recent Call Report from the NCUA.

Please read the CUNA Mutual Groups reorganization material closely.

Four state leaguesCalifornia, Texas, Georgia and Ohiohave organized a new Dallas firm, CU Partner Link, to develop new state-of-the-art products and services for member CUs concerned over lost income.

Hawaii First Federal Credit Union has teamed up with the Office for Hawaiian Affairs to help fuel economic empowerment among locals.

Oregon and Washington credit unions were reminded last week of something they know full well: the S&P downgrade of the nations credit rating and the market turmoil could bring in a substantial deposit influx at a time loan demand remains tepid.