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
Local CUs banks in Yakima picking up business
YAKIMA, Wash. (11/25/08)--Credit unions and community banks are doing well in Yakima, Wash., the Yakima Herald reported Monday. Yakima Valley CU increased its deposits by 4.7% between September and October. It also experienced a record number of account openings in the past few months, the newspaper said. Yakima Valley has $240 million in assets. Catholic CU reported a 1.8% increase in deposits between Aug. 31 and Oct. 31, the newspaper said. Catholic CU has $164 million in assets. Mina Worthington, Yakima Valley president/CEO, told the Herald that the rise in business at credit unions could be due to consumers’ perception that larger financial institutions aren’t as stable as smaller ones. Several credit unions in Yakima, including Yakima Valley and Catholic CU, also were recently awarded perfect five-star ratings from BauerFinancial Inc. High ratings are presented to institutions that are well-capitalized and can prove their deposits are secure. Credit unions practice traditional banking and have stayed away from subprime lending, BauerFinancial President Karen Dorway told the newspaper. To read the full article, use the link.
Other Resources

RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
14 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
9 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
9 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
11 hours ago