Article: Ailing Economy, Bad Loans A Drag On Many CUs' Statements: Red Ink At California CUs Is 'Collateral Damage'.

Article: UP to half of the country's 405 credit unions are likely to end up reporting losses this year, the Irish Independent has learned.(Financial report)
Irish Independent (Dublin, Republic of Ireland);  May 29, 2009 ;     420 words ......forced to settle with credit unions for '35m after Financial...the settlement, most credit unions have been forced to...513m in the State's credit unions. In the three months...this year, some 115 credit unions are understood to have...to the Registrar of Credit ...

Article: UP to 10 credit unions have been forced by the regulator to curb their lending to members, the Irish Independent has learned.
Irish Independent (Dublin, Republic of Ireland);  February 27, 2009 ;     449 words ...Credit unions ordered to cut back lending as arrears rise UP to 10 credit unions have been forced by the...rise in loan arrears at credit unions as members struggle to...also emerged that 115 credit unions made a loss in the last three months...Pressure is also ...

Article: Credit Unions to Get Federal Assistance; Most Institutions Are Healthy Despite Crisis
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 ...

Article: 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 ...

Article: ANY assessment of the strengths and weaknesses of credit unions would have to conclude that they have many good points, but there is huge room for improvement.
Irish Independent (Dublin, Republic of Ireland);  March 12, 2009 ;     371 words ......Protection Scheme of the Irish League of Credit Unions is a protective funding mechanism which is available to this credit union. Credit unions are not exposed to property lending and have...assets. Mr Logue ensures that not-for-profit credit unions are well regulated. He is ...

Article: 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 ...

Article: Credit unions prosper <> Net income shows increase of almost 17% in first half of the year
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. ...

Article: A NUMBER of credit unions will be forced to report losses this year because of the collapse in the investments markets, the new president of the Irish League of Credit Unions has warned.(Financial report)
Irish Independent (Dublin, Republic of Ireland);  April 28, 2009 ;     261 words ......credit union dividends A NUMBER of credit unions will be forced to report losses this...new president of the Irish League of Credit Unions has warned. Mark Bailey (right), who...on Sunday, said this will mean these credit unions will be unable to pay a dividend. About...

Article: 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...

Article: Next stop Congress: American credit unions. (credit unions to lobby for legislation to counter Supreme Court ruling limiting their banking activities)(Brief Article)
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 ...

Article: THE average dividend being paid by credit unions this year has fallen by 16pc in a move that reflects investment losses and higher provisioning for bad debts, a survey reveals.
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...

Article: 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 ...

Article: THE 2.2 million members of credit unions might have reason to worry after a string of bad news stories in the last while.
Irish Independent (Dublin, Republic of Ireland);  June 9, 2009 ;     700+ words ......financial instruments. He is also adamant that credit unions stop issuing commercial and property-related loans. We do not want credit unions to be involved in any circumstances in property...extent of commercial and property lending by credit unions, Mr Logue said: It is not huge, ...

Article: 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 ...