Ventura County Credit Union CEO honored for longtime work and commitment to industry.
VCCU’s 2011 successes included a net income of $5 million; an ROA of 0.93%; a net worth/assets ratio of 8.23%; a total assets increase to $567 million from $509 million in 2010; and a membership increase by 6,400 new members. The credit union currently employs 121 people.
California credit union plans to add up to 15% more staff after successful year.
The $543 million Ventura County Credit Union in Ventura, Calif., decided to open on Saturday for Bank Transfer Day and netted 315 new members.
Ventura County Credit Union saw record financial growth in the second quarter.
If you can't trust corporate credit unions, who can you trust?
Saddled with pressures to reduce operating expenses, California and Nevada credit unions had been seeking an outlet to help minimize costs through a collaborative network.
The California and Nevada Credit Union Leagues, along with several credit unions, came together to start a new CUSO called CURoots to help credit unions minimize their back-office costs.