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West Texas Credit Union's Capital Well Dries Up

By Heather Anderson

The $84 million West Texas Credit Union reported approximately 12% net worth as recently as September 2008. However, it has taken a beating somewhere on the balance sheet each quarter since, leaving it with only 0.12% net worth as of March 31.

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Time May be Ripe to Shop for Insurance Agency Buys

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'Business as Usual' Model May be on its Death Bed

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May 05, 2009

Credit Union 24 Trumpets First-Quarter Growth

Credit Union 24 announced that four more CUs have joined its network, and credit unions worth more than $4.3 billion in assets have renewed their contracts.

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May 05, 2009

Technology CU CEO Burns Makes the Move to Become Patelco CEO

The $4.1 billion San Francisco-based Patelco Credit Union has announced that Ken Burns was slated to take the helm after CEO Andy Hunter retired May 1.

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May 05, 2009

United Federal Credit Union Taps Into Gen Y Anti-Bank 'Rants'

United Federal Credit Union of St. Joseph, Mich. has come up with a novel way to reach the Gen Y college crowd: let them "rant, vent and complain" about their experience with banks and soon enough they'll switch to United Federal.

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May 05, 2009

WesCorp's AFS Reclassification Not a Strategy Change

Western Corporate FCU's decision to reclassify its securities available-for-sale is not a signal of a change in strategy, but only an accounting recognition, said John McKechnie, NCUA's Director of Public and Congressional Affairs.

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May 05, 2009

Kan. Trade Cuts Dues

The Kansas Credit Union Association is joining some of its peers this month on a dues reduction to aid members hit by the NCUA assessment.

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May 05, 2009

Economic Woes Cause $8 Million Loss for CUNA

The negative impact of the economy on its investments caused CUNA to have to write off $8 million last year, the organization reported yesterday.

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May 05, 2009

To Merge or Not Merge? Ponder the Financials

Given their respective financials, whether a merger of Space Coast Credit Union and Eastern Financial Florida Credit Union would be in the best interests of both fields of membership remains to be seen.

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Top News Stories

West Texas Credit Union's Capital Well Dries Up

Time May be Ripe to Shop for Insurance Agency Buys

'Business as Usual' Model May be on its Death Bed

Recommended Just For You

News Stories

Credit Union 24 Trumpets First-Quarter Growth

Technology CU CEO Burns Makes the Move to Become Patelco CEO

United Federal Credit Union Taps Into Gen Y Anti-Bank 'Rants'

WesCorp's AFS Reclassification Not a Strategy Change

Kan. Trade Cuts Dues

Economic Woes Cause $8 Million Loss for CUNA

To Merge or Not Merge? Ponder the Financials