News

California reigns supreme when it comes to billion-dollar credit unions. Twenty-three California credit unions have over a billion dollars in assets and rank in the top 100 largest credit unions, including seven of the top 20. Following California is New York and Florida, each with eight credit unions over a...

Credit unions are facing a squeeze on their balance sheets that is hurting return on assets. More credit unions are looking for non-interest income in new areas to boost their returns. Despite the tough times across the board, many CUs are finding ways to generate high ROAs. The following list...

BERLIN, N.H. - Woodlands Credit Union has a capital ratio of 28.37%, but this was not always the case-it used to be higher. "My board struggles with how much is too much," President and CEO Tim Collia commented. Prior to joining Woodlands over three years ago, he served as chief...

SHREVEPORT, La. - Chris Clark, CEO of the $84 million Aneca FCU explained that the CU's previous board had set out deliberately to build a strong capital base, but that the CU had decided to change its course a bit after NCUA questioned some of the ways it was using...

SHREWSBURY, N.J. - Credit unions are converting to banks. Credit unions are competing with each other more than ever before. Credit unions are looking for non-interest income through new products and services that can be described as untraditional. What's going on? Is the credit union philosophy dying a slow death?...

MARLBOROUGH, Mass. - Carlo Cestra has made a career out of tapping credit unions' growth potential and, most recently turned around an ailing Digital Federal Credit Union. Cestra took on the challenge of turning a declining DCU into an efficient, nimble, and successful credit union. When he took over in...