Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CUNorthwest projects profits
SPOKANE, Wash. (5/13/11)--After completing a mid-year budget revision, CU*NorthWest, a core system provider, is projecting a profitable year. Running a fiscal year from October through September, CU*NorthWest’s management and board of directors ‘recast’ the remaining six months of the fiscal year each March. During that recent planning session with its board of directors, CU*NorthWest management confirmed a profitable forecast for the year. “This is not an easy economy and the financial institutions we serve are challenged as well” said Greg Smith, President and CEO of CU*NorthWest. “We are therefore very pleased to be projecting positive numbers for our stockholders and clients this year.” CU*NorthWest continues to grow in spite of the market consolidation and challenges of serving credit unions in a sluggish economy, Smith said. “Together as partners in CU*NorthWest, our client owners and the management team are achieving fiscal health without the need to raise prices,” he added. CU*NorthWest is owned entirely by credit unions.


RSS print
News Now LiveWire
Breaking at #NewsNow: Matz to request revised RBC proposal, new comment period http://t.co/eLtYmzXRWn
15 hours ago
#NewsNow: Oct. 22 webinar will explore role of CDFI #creditunions. http://t.co/op1GV4mrYM
18 hours ago
CFPB announces $10M fine,$27.5M restitution v. Mich.-based Flagstar Bank for allegedly illegally blocking borrowers’ attempts to save homes.
19 hours ago
#NewsNow: Proposed MLA changes could restrict CU payday alternative loans. http://t.co/eKqtyMHD0P
19 hours ago
44 #creditunion professionals earn Development Educators designation #NewsNow http://t.co/GG551ofq31
19 hours ago