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Relevant Information—For You, By You
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?

Loan growth.

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.

Click here to continue reading the latest Market Performance column on Page 11 within the February/March edition of Credit Union Digest!

 
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EXPERTS GIVE ADVICE TO CREDIT UNIONS updated 09/18/14 11:26 AM
Your Problem: Solved
Risk-based pricing (compliance), creating an operational plan (strategic planning), and making a solid value proposition (marketing) are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest.

GOV. BROWN SIGNS AB 2293 INTO LAW updated 09/18/14 05:06 PM
Relieves CUs of Collateral Burden
California Gov. Jerry Brown signed legislation today mandating baseline insurance requirements for Transportation Network Companies (TNCs)—a move that will help credit unions burdened by a significant reduction in collateral value when accidents occur to these companies’ drivers.

SEPTEMBER: NAT'L PREPAREDNESS MONTH updated 09/17/14 09:13 AM
CO-OP Reminds CUs to Be Ready
The magnitude 6.1 earthquake that struck Napa, CA on Aug. 24 serves as a reminder for vigilant disaster preparedness, as members depend on their credit unions more than ever in times of emergency.

ARTICLES CALL ON LAWMAKERS TO ACT updated 09/15/14 02:07 PM
Data Breaches in Focus
Various opinion articles defending the credit union movement’s stance on data breaches were published in five regional and community newspapers across California and Nevada within the past week as the latest data theft incident at national retailer Home Depot continues to be critiqued in the media spotlight.