From shutting down unprofitable branches to refocusing its efforts on consumer loans, Texans Credit Union is hoping some of those moves will help bring it out of conservatorship.
Keith Morton, NCUA Region IV director, told Credit Union Times, that there is a strategic effort to focus on consumer lending at the $1.42 billion credit union that has been in conservatorship since April 2011. Morton is also the agent for the conservator.
"It was working up until 2004. The strength was in consumer lending," Morton said. "We're taking actions to refocus."
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