|Dwight Johnston, Vice President and Chief Economist for the California and Nevada Credit Union Leagues|
LOANS AND FEES: BUYING TIME IN 2014
updated 02/20/14 07:25 PM
A State-Versus-National Perspective
What’s the key to income growth for credit unions in California and Nevada in 2014?
Now that I’ve stated the obvious, what are the options if your credit union is struggling for loans and expects that struggle to continue into 2014?
Loan growth has turned higher in California and Nevada, but the two states continue to lag behind the nation. As of third quarter 2013, loans grew 6.8 percent nationally, while those in California and Nevada grew 5 percent.
That 5 percent growth is a marked improvement over previous reporting periods, but it has barely moved the needle on the overall loan-to-share ratio.
Moreover, net interest margins have stabilized after a steep decline, yet they are likely to improve marginally, at best, in 2014.
There are different answers for each credit union out there. But for our purposes, I want to focus on two areas that are glaringly different between the national picture versus California and Nevada.
STORY ON CONGRESSMAN ISSA CLARIFIED updated
07/22/14 11:53 AM
'Misrepresents Facts,' Dykstra Says
Some within the credit union industry may have read the recently published Credit Union Times article regarding remarks from Rep. Darrell Issa, R-CA, in relation to the credit union movement.
GIGI HYLAND TALKS PHILOSOPHY AT WCMS updated
07/21/14 04:11 PM
Foundation Leader Addresses Colloquium
The foundational philosophy of credit unions isn’t dead. But keeping true to the movement’s ideology means staying nimble in how it’s executed and harboring an open mind to change.
NCUA TO INCORPORATE 'RBC' COMMENTS updated
07/21/14 01:22 PM
All Audio Sessions Posted Soon
The National Credit Union Administration’s (NCUA) three listening sessions in Los Angeles, Chicago, and Alexandria, VA are finished—and the agency said it’s “incorporating comments and ideas from the sessions into its work, including the ongoing review of the agency’s proposed risk-based capital rule.”
HEARING: ROYCE ADDRESSES RBC CONCERN updated
07/18/14 11:59 AM
CU CEOs Comment on Record
Rep. Ed Royce, R-CA and a senior member of the House Financial Services Committee, recently questioned a witness on the National Credit Union Administration's risk-based capital proposal during a committee legislative hearing.