|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.
CELEBRATE 100 MILLION MEMBERSHIPS updated
07/24/14 03:42 PM
National Awareness Campaign
The credit union movement is on pace to reach 100 million memberships this summer. To commemorate this milestone, the Credit Union National Association (CUNA) launched the “100 Million Memberships” campaign, and invites all credit unions to participate.
ECONOMY 'WELL POSITIONED AND READY' updated
07/23/14 02:06 PM
CUs Can Target Growth Areas
As the economy expands throughout the latter half of 2014, credit unions should focus particularly on the largest employment sectors and growth in these areas, according to California and Nevada Credit Union Leagues Chief Economist Dwight Johnston in his latest Credit Union Digest column.
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.