Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Calif.Nevada leagues reach high affiliation rate
ONTARIO, Calif. (7/1/10)--This year, the California Credit Union League has achieved a 76% affiliation rate, and the Nevada Credit Union League has reached an 82% affiliation rate. The high rates are significant given the effects of the recession, which has severely impacted California and Nevada credit unions, the leagues said. Eleven new members have either re-joined or joined the leagues this year. Some--such as Cooperative Center FCU in Berkeley, Calif.; Downey FCU in Downey, Calif.; Los Angeles Electrical Workers CU in Pasadena, Calif.; Media City Community CU in Burbank, Calif.; and Northern Redwood FCU in Arcata, Calif.--had been away for a number of years, the leagues said. The leagues also noted an increase in the number of associate members--those headquartered out of state that provide services or have branches locally. There are 17 new members in 2010, an increase from 14 during a typical year. Alaska USA FCU, Anchorage; Credit Union 1, Rantoul, Ill.; Self Help FCU, Durham, N.C.; and Mountain America CU, West Jordan, Utah; became associate members after merging with a California or Nevada credit union. The Ontario, Calif.-based California and Nevada leagues represent more than 360 credit unions in the two states. More than 10 million California and Nevadan residents are credit union members.


RSS





print
News Now LiveWire
Middle-class families walking a tightrope with little savings @pewresearch HT @CNNMoney http://t.co/Pfu2KHASZa
13 hours ago
.@CUNA's @SchenkMike on @federalreserve meeting: http://t.co/Ry39vjWdA1
13 hours ago
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
16 hours ago
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
17 hours ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
19 hours ago