As of june 2011 98 of all of colorados credit unions

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Unformatted text preview: s credit unions attained the level of “well capitalized,” which is a minimum of 7% capital to asset ratio, by the National Credit Union Administration (NCUA). Many questions were raised about the sufficiency of capital for credit unions entering the Great Recession. The industry has answered the question by demonstrating its sustainability during the recession and its swift improvement in its capital position, which, as nonprofit financial cooperatives, can only be attained through earnings. Colorado’s credit unions continue to consolidate. At the end of June 2011, credit unions in the state totaled 100, down from 102 at the end of 2010 and 122 at year-end 2007. This trend is likely to continue, driven by tight interest margins, increasing operating and regulatory costs, and the need to create economies of scale. Insurance The insurance industry is no different than most other financial services in 2011. The global effects of the U.S. and European debt crises, worldwide catastrophes, a stalled economy, and the struggles on Wall Street have had significant implications. There is, however, some profou...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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