Posted by Bruen
at 12:01 AM PST
Tuesday, 7 February 2012
Unitehere Federal Credit Union
Keith Leggett’s Credit Union Watch blog reported that Unitehere FCU missed their TARP payment. So who is Unitehere FCU?
Their website tells us they are a low income designated credit union serving employees of the NYC garment district. The $1.4 million asset-size Credit Union was formerly named Dressmakers Federal Credit Union. The Credit Union lost $74 thousand in 2011.
The problem is delinquent loans and loan losses. Their year-end delinquency was a whopping 34.4%. Delinquent loans reached 82.1% of their net worth. Their coverage ratio is in the 40% range. Does anything think that their policy of approving loans with no credit, bad credit, bankruptcy, or foreclosue could have anything to do with the delinquency tsunami?
Posted by Bruen
at 12:01 AM PST
Monday, 6 February 2012
The 20 Most Miserable Cities List ... is your city on the list?
A lot of California cities made the list. All of them are in Northern California.
[Read story at News10.net].
A lot of California cities made the list. All of them are in Northern California.
[Read story at News10.net].
Posted by Bruen
at 9:27 AM PST
Can't think of a good caption
Posted by Bruen
at 12:01 AM PST
Sunday, 5 February 2012
Temporal Proximity - Was Firing in Retaliation for Whistleblowing?
Was Firing in Retaliation for Whistleblowing?
A Louisiana credit union manager became convinced that her employer was allowing lending practices that amounted to criminal fraud. She repeatedly brought her concerns to the attention of senior managers, board directors, and co-workers. At the point where her complaints seemed to come to a head, she was fired. Was that a coincidence? [Read the court ruling here HR.blog].
Was Firing in Retaliation for Whistleblowing?
A Louisiana credit union manager became convinced that her employer was allowing lending practices that amounted to criminal fraud. She repeatedly brought her concerns to the attention of senior managers, board directors, and co-workers. At the point where her complaints seemed to come to a head, she was fired. Was that a coincidence? [Read the court ruling here HR.blog].
Posted by Bruen
at 12:01 AM PST
Updated: Saturday, 4 February 2012 9:53 AM PST
Saturday, 4 February 2012
Bank Transfer Day's Demographic Surprise
“What’s the profile of people who left large banks for Bank Switching Day?”
Surprisingly, we see no evidence to suggest that these bank-switchers were predominantly young, low-income hipsters. In fact, the surprising finding from our survey of 5,800 people is that those who left large banks in favor of a credit union or community bank because of November 5, 2011 Bank Switching Day actually trended towards *higher incomes*! Mostly, they just looked like everyday Americans but perhaps with a slightly fatter wallet. I love being surprised by data! [Read story at Javelin Strategy & Research Blog].
“What’s the profile of people who left large banks for Bank Switching Day?”
Surprisingly, we see no evidence to suggest that these bank-switchers were predominantly young, low-income hipsters. In fact, the surprising finding from our survey of 5,800 people is that those who left large banks in favor of a credit union or community bank because of November 5, 2011 Bank Switching Day actually trended towards *higher incomes*! Mostly, they just looked like everyday Americans but perhaps with a slightly fatter wallet. I love being surprised by data! [Read story at Javelin Strategy & Research Blog].
Posted by Bruen
at 12:01 AM PST
Updated: Friday, 3 February 2012 3:00 PM PST
Independent Federal Credit Union
This dime saver was found on eBay. There is an community based Independent FCU which serves Madison County in Indiana. The FPR reports that the $75 million Independent Federal Credit Union was chartered in 1984. That may have been a charter change.
This dime saver was found on eBay. There is an community based Independent FCU which serves Madison County in Indiana. The FPR reports that the $75 million Independent Federal Credit Union was chartered in 1984. That may have been a charter change.
Posted by Bruen
at 12:01 AM PST
Updated: Saturday, 4 February 2012 8:35 AM PST
Friday, 3 February 2012
2011 Bank Robbery Numbers in So Cal Lower than in Past 3 Decades
2011 BANK ROBBERY NUMBERS IN SOUTHERN CALIFORNIA LOWER THAN IN PAST THREE DECADES; TOP TEN SERIAL BANDITS SOUGHT BY COLLABORATION OF LAW ENFORCEMENT
The FBI’s Los Angeles Field Office released its annual bank robbery statistics today for the area comprising the judicial district it parallels, the Central District of California, which includes Los Angeles, Orange, Ventura, Riverside, San Bernardino, Santa Barbara and San Luis Obispo counties.
The FBI investigates bank robberies jointly with police and sheriff’s departments that have jurisdiction for cities in which bank robberies occur. During 2011, law enforcement responded to 287 bank robberies in the seven county area; the majority of which occurred in Los Angeles County, where 122 bank robberies were reported, followed by Orange County, where 67 were reported. The state of California consistently experiences more bank robberies than any other state. On average, between 40 and 45 percent of robberies in California are committed in the Central District’s seven-county territory. [Read story at LASD.org].
2011 BANK ROBBERY NUMBERS IN SOUTHERN CALIFORNIA LOWER THAN IN PAST THREE DECADES; TOP TEN SERIAL BANDITS SOUGHT BY COLLABORATION OF LAW ENFORCEMENT
The FBI’s Los Angeles Field Office released its annual bank robbery statistics today for the area comprising the judicial district it parallels, the Central District of California, which includes Los Angeles, Orange, Ventura, Riverside, San Bernardino, Santa Barbara and San Luis Obispo counties.
The FBI investigates bank robberies jointly with police and sheriff’s departments that have jurisdiction for cities in which bank robberies occur. During 2011, law enforcement responded to 287 bank robberies in the seven county area; the majority of which occurred in Los Angeles County, where 122 bank robberies were reported, followed by Orange County, where 67 were reported. The state of California consistently experiences more bank robberies than any other state. On average, between 40 and 45 percent of robberies in California are committed in the Central District’s seven-county territory. [Read story at LASD.org].
Posted by Bruen
at 12:01 AM PST
Thursday, 2 February 2012
Credit unions with Indian names or words
I saw something today about the Arapahoe Credit Union and it prompted to wonder how many credit unions could I find with Indian Names. I didn’t have much time to look but found these credit unions in a quick search of my Callahan directory:
Arapahoe Credit Union
Cheyenne-Laramie County FCU
Chippewa Eage
Cochise CU
Coconino FCU
Comanche County
Huron CNW CU
Indian FCU
Indian River FCU
Irondequiot FCU
Oahe FCU
Pima FCU
Sioux Empire FCU
I'm sure there are many more.
Posted by Bruen
at 12:01 AM PST
Updated: Wednesday, 1 February 2012 3:10 PM PST
Wednesday, 1 February 2012
You looking at me?
Posted by Bruen
at 12:01 AM PST
Wisconsin tells folks why they should join a credit union
http://ds2.theleague.coop/comm/Scorecard_Jan_2012.pdf
Posted by Bruen
at 12:01 AM PST
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