News

Today, consumers are looking for more efficient and cost-effective ways to manage their time, finances and related bill-payment activities. Increasingly, they are finding what they want at credit unions. More and more, consumers are turning to credit unions for a variety of electronic commerce products and online financial services. That's...

Ron Ogata has retired as president/CEO of the $471 million HAwaiiUSA FCU. Find out how this former banker approached the job... See story page 22.

Economists are predicting an upswing in mortgage rates later this year, and CU experts are advising credit unions to revisit their ALM policies. Read about this and more in a special report on pages 16, 17 and 20.

1998 1999 2000 Loans Closed Loans Closed Loans Closed # $ # $ # $ Jan. 859 104,878 1,919 237,693 467 61,624 June (cume) 9,900 1.2 11,032 1.4 3,941 527,321 Dec. (cume) 20,813 2.6 15,958 2.1 8,790 1.2 Source: Navy FCU

By ELAINE KINGOFF-BARR CU Times Editor-in-Chief WASHINGTON - Low mortgage rates last year were good news for credit unions' loan portfolios, especially when loan growth in other areas was soft. Coupled with a strong growth in savings, credit unions tended to hold onto fixed rate mortgages to build up their...

SCU FCU Total # of CUs 970 852 1,822 Real estate loans-to-total loans 44.61% 42.65% 43.60% 1st Mortgage loans-to-real estate loans 70.22% 66.20% 68.20% Fixed rate real estate-to-real estate loans 60.39% 66.80% 63.62% # of real estate loans granted to total 7.29% 6.91% 7.11% $ real estate granted to total...