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GROWING LOANS: FIND YOUR DIRECTION
updated 01/17/14 01:09 PM
Room to Expand in Mortgages
The most common concern expressed at almost any gathering of credit union executives for more than a year has been sluggish loan growth, according to Dwight Johnston, chief economist for the California and Nevada Credit Union Leagues.

He notes there are certainly some exceptions to this, but the overall tone of comments is confirmed by a historically low loan-to-share ratio in California and Nevada. Loan volume has not fallen, but overall loan portfolios have grown by only 1.5 percent from late 2012 to late 2013.

“California and Nevada credit unions do a very good job at generating mortgage loans,” he writes in the latest edition of Credit Union Digest. “In fact, mortgage originations by credit unions in our two states have exceeded the national average by a fair margin.”

But mortgage loan portfolios are virtually flat. During the refinance boom earlier this year, most credit unions opted to package and sell the mortgages rather than take on interest rate risk since rates are at record lows. It looks like a very good decision in hindsight.

However, putting cautious interest rate decisions aside, most credit unions simply couldn’t afford more exposure to real estate this past year.

Click here to continue reading the latest Market Performance column on Page 23 within the December/January edition of Credit Union Digest!

                           
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LEADERS ENGAGE WITH STATE LAWMAKERS updated 04/15/14 09:44 AM
Card Security a Hot Topic
Credit union professionals and volunteers took a stand for their members in Sacramento from April 7-8 during the California Credit Union League’s 2014 Government Relations Rally (GRR)—an event that attracted more than 75 attendees and helped build relationships with state legislators.

CO-OP ANNOUNCES SHAREHOLDER DIVIDEND updated 04/14/14 01:37 PM
Patronage Pool of $30.5 Million
CO-OP Financial Services has announced a shareholder dividend pool of $30.5 million for 2013—a 17 percent increase from 2012. Since becoming a credit union-owned cooperative in 1996, CO-OP’s total shareholder patronage has been $284.8 million.

DBO REPS ADDRESS 'CUOLI' INVESTMENTS updated 04/14/14 01:05 PM
State CU Update Given
California Department of Business Oversight (DBO) Commissioner Jan Owen and Deputy Commissioner of Credit Unions Erick Orellana gave attendees an overview of the department during the California Credit Union League’s 2014 Government Relations Rally (GRR) last week in Sacramento and welcomed questions from attendees.

CONGRESSMEN CONCERNED OVER RBC RULES updated 04/09/14 01:18 PM
Questions Arise During Hearing
Reps. Ed Royce, R-CA, and Brad Sherman, D-CA, questioned National Credit Union Administration (NCUA) General Counsel Mike McKenna on the effectiveness of the NCUA's proposed risk-based capital rule during a House Financial Services Committee hearing last week.