Summary
As International Credit Union Day approaches, those little financial institutions have seen better days financially.
Nearly 6 percent of the nation's roughly 7,600 credit unions are in "problematic" shape, according to the latest analyses from BauerFinancial Inc. an independent research firm. That's up from just 4 percent a year earlier.See the full content of this document
Extract
Loan Losses Vex Credit Unions, Too
In addition, regulators in late September took over three troubled wholesale credit unions in Illinois, Texas and Connecticut. The nation's 30 such organizations provide funds and clear transactions for credit unions.
Pennsylvania's credit unions, however, tend to be in bette...See the full content of this document
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