Area credit unions feeling crunch

December 2008
Las Vegas Business Press (10712186);12/15/2008, Vol. 25 Issue 50, pP16
The article explores the challenges facing credit unions in Las Vegas, Nevada in line with the financial crisis. It relates the impact of problem car loans and mortgages on the profits of credit unions in the first nine months of 2008. It provides an overview of capital level and delinquencies facing credit unions. It explains why Boulder Dam's profits suffered a decline of 48 percent.


Related Articles

  • Sometimes The Biggest Opportunities Aren't Hidden At All. Diekmann, Frank J. // Credit Union Journal;11/26/2007, Vol. 11 Issue 47, p6 

    The article focuses on how credit unions in the United States can take advantages of opportunities available in the industry. According to the author, despite crises in other financial markets, credit unions should be able to promote themselves as institutions that can help consumers when the...

  • Analyst: Rising Rates Should Scuttle Mortgage Plans. Bartlett, Michael // Credit Union Journal;7/5/2004, Vol. 8 Issue 27, p6 

    Suggests strategies for credit unions who plan to engage in the mortgage lending business. Goals for mortgage lending; Review of ideas and techniques used across other products; Building a marketing plan.

  • Make A Date Of It. Jepson, Kevin // Credit Union Journal;5/16/2005, Vol. 9 Issue 19, p1 

    The article reports that SAFE Credit Union is laying down the gauntlet to the mortgage industry by setting a funding date immediately when a member applies for a loan. SAFE can now quickly handle incoming e-mail loan documents, and thus make promises straight away about when it will fund a loan....

  • Think CFPB's Mortgage Rules Don't Apply To Your CU? Think Again.  // Credit Union Journal;10/7/2013, Vol. 17 Issue 39, p8 

    The article focuses on myths related to the implementation of several Consumer Financial Protection Bureau mortgage regulations. One of the myth is that one is required to originate qualified mortgages. If someone is a state-chartered credit union and impose pre-payment penalties on mortgage...

  • Why Credit Unions Should Be Aware of Recent Redlining Developments. Pannier, Jane // Credit Union Journal;9/15/2014, Vol. 18 Issue 31, p1 

    The article reports on the need for credit unions credit unions (CUs) to check the rising of the practice called "redlining," a decision not to lend to borrowers living in certain areas. CUs , especially those with broader fields of membership, to be careful of the regulatory requirements and...

  • FAST FACT.  // Credit Union Magazine;Jun2005, Vol. 71 Issue 6, p58 

    Reports on the increase of credit union loans outstanding in the U.S. for 2004. Comparison of the growth in mortgages in 2003 and 2004; Percentage of increase of home equity loans; Rate of increase for new and used-auto loans.

  • Opportunity Knocks. Moed, Joyce // Credit Union Journal;9/24/2007, Vol. 11 Issue 38, p1 

    The article reports that the problematic subprime mortgage market in the U.S. is proving to be a boon for credit unions. Credit unions are now being recognized as a source of loans. Moreover, they are also known for offering lower loan interest rates and higher deposit interest rates compared to...

  • THE CREDIT UNION JOURNAL Daily.  // Credit Union Journal;4/11/2005, Vol. 9 Issue 14, p19 

    Reports developments related to credit unions in the U.S. Start of a new mortgage program for employees of credit unions; Approval of Point West credit union to take over Hacienda Community; Increase in the long-term mortgage rates.

  • CU Mortgage Delinquencies Increase.  // American Banker;8/24/2007, Vol. 172 Issue 164, p5 

    This article reports on the state of mortgage delinquencies at U.S. credit unions in 2007. Delinquencies increased in the first half, as reported by the National Credit Union Administration. Financial statistics related to mortgage delinquencies are presented and discussed. 2007 second quarter...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics