Vic Pantea

Apr 9, 2024 | cuinsight.com | Vic Pantea |Matt Saefkow |Jimese Harkley |Paul Kundert

If your credit union is federally insured, have you been paying attention to recent statements coming from NCUA Chairman Harper? The February board meeting included a report on the 2023 year-end financials for the NCUSIF and a very healthy report it was. Total assets now exceed $21 B. The really good news was that there were only three credit union failures that resulted in losses to the fund of $1.4 M.

Apr 8, 2024 | cusomag.com | Vic Pantea

If your credit union is federally insured, have you been paying attention to recent statements coming from NCUA Chairman Harper? The February board meeting included a report on the 2023 year-end financials for the NCUSIF and a very healthy report it was. Total assets now exceed $21 B. The really good news was that there were only three credit union failures that resulted in losses to the fund of $1.4 M.

Nov 1, 2023 | cusomag.com | Vic Pantea

In preparation for its annual strategic planning process, the multi-credit union-owned operational services CUSO, Xtend, analyzed the available CUSO investment dollars represented in its 104 owner credit unions as authorized by federal and state regulation. Using 2023 Q1 5300 data, as a network, Xtend has an owner group including credit unions from as small as $50 M to $1 B+, with an average-sized owner of approximately $180M. The average owner-capital ratio is 11.0%.