$5 million year-end net profit boosts net worth ratio to 4.72% at Yuma, Ariz.-based credit union.
Oregon case thrown out but industry attorney says NCUA should take notice of judicial treatment of Federal Credit Union Act.
The NCUA has contradicted itself regarding the basis of a member’s lawsuit against the $161 million St. Helens Community FCU of St. Helen, Ore., and the examples of those contradictions are documented and working their way into court.
Agency says it's not taking sides in dispute over attempt to recall board members at Oregon credit union.
Two years ago, AEA Federal Credit Union’s future looked bleak as it nearly succumbed to the greed of a lending officer who took the cooperative to the brink of collapse.
This in-depth look at a conserved and now recovering Arizona credit union is a preview from next week's print edition of Credit Union Times.
The Yuma, Ariz.-based credit union, which is still under NCUA conservatorship, posted 2012 year-end net income of $3.15 million.
The NCUA-managed Arrowhead Central CU added some padding to its well-capitalized status, reporting 7.69% net worth as of March 31, and a $7 million first quarter net income.
Improved financials, new products and services under NCUA conservatorship following insider lending fraud case.
Altura in California, AEA in Arizona back in black after earlier losses.