Credit Unions to Get Federal Assistance; Most Institutions Are Healthy...

The Washington Post;  December 10, 2008 ;     700+ words ......industry's health is threatened because smaller credit unions generally invest some of their assets in larger institutions called corporate credit unions, which in turn invested in mortgage securities...commercial banks. The volume of lending by credit unions has increased 6.3 ...

Credit unions fear tax review

Sunday Star-Times;  October 7, 2007 ;     700+ words ......favourable tax status, when that would give the credit unions an advantage in competing against the state-own...itself. McLaren, who said the Association of Credit Unions was once Jim Anderton's favoured option for...mutuality" and believes it will back taxing credit unions like ...

Credit unions vs. banks.(Readers)(Letter to the editor)

Florida Trend;  November 1, 2006 ;     564 words ......approached the topic of credit unions making business loans...proper perspective. First, credit unions have a long and proud...As your article notes, credit unions' share of the business...nationally. At 0.8%, credit unions' market share is even...reason to be angry ...

Credit unions say they dodged mortgage mess

Sunday Gazette-Mail;  February 10, 2008 ;     624 words ...balow@wvgazette.com Credit unions don't always measure up...folks at the more than 100 credit unions across the state have something...be thankful for. State credit unions have managed to avoid the...last month attributed a loss of nearly $240 million...president, said the ...

Credit unions prosper <> Net income shows increase of almost 17% in first...

The Milwaukee Journal Sentinel;  August 19, 2008 ;     406 words ......state's top regulator attributed partially to credit unions staying the course and concentrating on their...economic times. A report by the state Office of Credit Unions shows net income was about $62.1 million...Suzanne T. Cowan, director of the Office of Credit Unions, said Monday. ...

Battling with the banks. (America's cautious credit unions)

The Economist (US);  March 31, 1990 ;     657 words ......unions in consumer lending. That is poppycock. Credit unions' share of consumer credit fell from 16% in...on word of mouth to get new business. Most credit unions were set up during the 1930s to serve the...vote regardless of the amount deposited. Credit unions' assets ...

State lost credit unions in 2003

The Milwaukee Journal Sentinel;  February 26, 2004 ;     607 words ...State lost credit unions in 2003 Loss due to takeovers; assets...than 300 state-chartered credit unions last year, the smallest...are fewer of them, the 298 credit unions gained members and added...the Wisconsin Office of Credit Unions. Membership increased about...

Next stop Congress: American credit unions. (credit unions to lobby for...

The Economist (US);  February 28, 1998 ;     494 words ......commercial banks. As the country's 11,500 credit unions, mutual financial institutions owned by their...struggle looks far from over. When the first credit unions were established during the depression of...also complain, with some justification, that credit unions have an unfair ...

THE average dividend being paid by credit unions this year has fallen by...

Irish Independent (Dublin, Republic of Ireland);  December 12, 2008 ;     403 words ...Average dividend paid by credit unions falls by 16pc THE average dividend being paid by credit unions this year has fallen by 16pc in a move...bad debts, a survey reveals. Some 20 credit unions plan to pay no dividend this year out...

Credit unions escape slumping fate of banks

The Milwaukee Journal Sentinel;  May 16, 2008 ;     439 words ......the state Office of Credit Unions. A grand total for...director of the Office of Credit Unions, said Thursday that...typically conducted by credit unions made them less susceptible...Adding money to loan-loss reserves cuts directly...Much of the lending at credit ...

Advantage shifts to banks in match with credit unions

The Mississippi Business Journal;  November 18, 1996 ;     700+ words ......many other federal credit unions, Bergstrom's has welcomed...which allowed federal credit unions to take on new membership...survival of many smaller credit unions, including the Central...downsizings and job loss, Masonite has far too...unfair advantages. "Some credit ...

Florida Credit Unions Respond to Attack by Watchdog Group.

The Orlando Sentinel (Orlando, Florida) (via Knight-Ridder/Tribune Business News);  November 29, 2003 ;     700+ words ......volley in a long-running conflict between credit unions and banks over the tax exemption, which has come under greater scrutiny in recent years as credit unions have been allowed to expand their reach...longer justified, especially for the largest credit unions, many of which have ...

DO CREDIT UNIONS HOLD AN UNFAIR ADVANTAGE? NO: THE FOR-PROFIT BANKING...

Wisconsin State Journal (Madison, WI);  May 1, 2007 ;     485 words ......member-owners of Wisconsin credit unions. At the same time, banks...one point placed taxing credit unions as a higher priority than...years, 90 percent of that loss has been to larger banks...drug and oil industries. Credit unions serve those they were ...

Credit unions gain 3% so far But long recession eventually could hit...

The Milwaukee Journal Sentinel;  November 24, 2008 ;     352 words ......Cowan, director of the Wisconsin Office of Credit Unions, said Friday. But Cowan said if the country is in a prolonged recession, credit unions will find tougher going. "We're always concerned...the citizens, but eventually it does impact credit unions," Cowan said. "They've been ...

How safe are credit unions?

The Press;  May 21, 1998 ;     484 words ......savings. New Zealand has 96 credit unions with total assets of $363...Friendly Societies and Credit Unions, Warren Sloan, said the...risk to the solvency of credit unions was bad loans. However...could lead to a trading loss in any year and that was...A significant risk for ...