Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Southeast Corporate second quarter report extremely strong
TALLAHASEE, Fla. (10/14/08)--Southeast Corporate FCU in Tallahassee, Fla., had a very strong second quarter, the credit union said in its second-quarter report. Southeast's total assets stood at $3.86 billion as of June 30, a slight decrease compared with the $3.93 billion in assets as of Dec. 31. Net income during the first half of 2008 was $5.56 million, compared with the $1.94 million earned during the same period in 2007. Southeast maintains strong Standard & Poor’s ratings of AA long-term and A-1+ short- term. The corporate also is rated F-1+ short-term and AA- long-term by Fitch Ratings. The ratings are assigned through an independent review of Southeast's financial and operational activities and represent the highest ratings given to corporate credit unions, the corporate said in its report. Also, Southeast continued to maintain a strong capital position during the first two quarters of 2008, the report said. During the period, retained earnings increased to $117.8 million as of June 30, from $112.3 million as of year-end 2007.
Other Resources

RSS





print
News Now LiveWire
#NationalConsumerProtectionWeek begins Monday. http://t.co/BFLiUN7Twc
44 minutes ago
.@Bankrate highlights #creditunion affordability vs. banks: 'No surprise,' says @Nussle http://t.co/ocu2fImmsS
2 hours ago
Credit card issuers could see a reduced burden for 1 year under a @CFPB proposal issued this week. News Now: http://t.co/CYVXLUmVBq
16 hours ago
RT @CUEscan: Branches Will Be the Cornerstone of Growth http://t.co/fVqPPaGeVL http://t.co/xxMyKGQMrl
17 hours ago
RT @asmarterchoice: According to @Bankrate study, customers more likely to find FREE checking at #Creditunion than a bank! http://t.co/ntCb…
17 hours ago