News

Credit Union North gets downgrade from S&P

Wednesday 13th of July 2011

"The CreditWatch placement reflects our view that CUN's contracting business base could weaken the company's market position, and result in a potential loss in year ended June 30, 2011. Margin pressure, CUN's potentially higher-than-expected loan loss provisioning, and its high operating expense structure could result in CUN delivering a loss," Standard & Poor's credit analyst Andrew Mayes...

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