recession

  • What 'Average Is Over' Means for Credit Unions

    Those who hope their twenty-something offspring will eventually move out on their own probably shouldn’t read "Average Is Over", a new economic book by Tyler Cowen.

  • Silver State Schools Ends 2012 With a Positive Loss

    Las Vegas credit union pares 2012 losses to $670,000 with three consecutive positive quarters.

  • California and Nevada Leagues Bask in Recovery Mode

    LAS VEGAS — The stated theme of this year’s California/Nevada Credit Union Leagues’ annual meeting was “right here, right now”—but the sense in the halls of the Mirage where the event was held was more poignant. That sense was simply that the credit unions in these two states, both devastated...

  • ROA in Washington State Proves to Be Evergreen

    Washington credit unions took a hit to capital during the corporate credit union and financial crisis like everyone else, but it hit them harder because they had lower aggregate capital to begin with. Thankfully, the aptly named Evergreen State credit unions also have return on assets that has remained higher...

  • Oklahoma Insulated From Coastal Economic Volatility

    Oklahoma’s credit unions face challenges that sound pretty familiar throughout the industry: compliance burdens, low investment returns, corporate assessments and a lackluster economy. But thankfully for credit unions in the Sooner State, the highs and lows of the real estate market experienced in other states isn’t part of that mix.

  • Nevada Still Struggling, but Shows Signs of Recovery

    When comparing Nevada credit unions’ key financial indicators against other states as of June 30, the results aren’t good. Nevada’s 0.40% return on average assets, 2.5% loan delinquency and negative 11% loan growth are among the worst performance numbers in the country. However, compared with two years ago, those numbers...

  • NCUA Annual Report Details Steady Recovery

    The NCUA’s 2011 Annual Report, posted Tuesday on the regulator’s website, details an agency and industry steadily recovering from the recession.

  • Positive Signs on the Economy

    MAUI, Hawaii — After three long years, the U.S. gross domestic product has returned to early 2008 levels, but according to Byron Gangnes, University of Hawaii economics department chair, it’s still not where it should be.

  • Great Recession Changed Boomer Attitudes

    An opinion survey of Americans 55 and older reported new expectations on the emotional mindset, attitudes and expectations of pre-retirees and retirees nationwide post-recession.

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