CO-OP Financial Services Welcomes New CEO

Todd Clark will become the new president/CEO of CO-OP Financial Services effective June 27, according to Jeff Napper, chairman of the board of directors of CO-OP. Clark succeeds Stan Hollen, who is retiring after 11 years with the organization. “After a nationwide search, the Board of Directors is delighted to report that Todd will be […]

NCUA extends three extra calendar days for second and third quarter Call Reports

Responding to concerns of credit unions that the upcoming Fourth of July holiday will give them less time to prepare Call Reports, NCUA announced yesterday that they have three extra calendar days to file for the second and third quarters of this year. Second quarter Call Reports will now be due by 11:59:59 p.m. ET […]

Florida continues upward trend with 69th consecutive month of job growth

A recent release by the Florida Department of Economic Opportunity shows unemployment rates in the state declined slightly in April, continuing a bright outlook for the Sunshine State. Statewide, the seasonally adjusted jobless figure dropped from 4.9 percent in March to 4.8 percent in April. That’s down from 5.5 percent a year ago. It was […]

NCUA Board meeting to discuss possible changes to 5300 Call Reports

LSCU has learned from NCUA sources that this week’s NCUA Board meeting will feature a briefing on possible changes to the 5300 Call Reports. The 2016 NCUA Budget specifically added two full-time employees dedicated to a review of the 5300s, and now the outlines of what may be under consideration are becoming more clear. One […]

Research says Florida foreclosures decline 37 percent

In the decade since the housing bubble burst, we’ve seen a nationwide struggle for stability. And things do so seem to be on a more even keel now. According to an article from Sarasota’s Herald Tribune, the number of foreclosures in the state was down 37 percent. In the 12-month period that ended in March, […]