The NCUA announced that the $121 million Keys Federal CreditUnion in Key West, Fl. expanded member services and reported a networth ratio gain for 2013, while operating under conservatorship.
|Keys posted year-end net income of $307,672. Total assets at theend of the 2013 decreased from $124.2 million at year-end 2012 to$120.5 million. Keys' net worth ratio was 4.07% at the year's endthanks to the improvement of 37 basis points during the year.
|Keys, chartered in 1940, voluntarily entered intoconservatorship in September 2009. Keys currently operates threefull-service branches in Florida's Middle and Lower Keys, servingalmost 10,000 members. Membership is open to individuals and theirfamily members that live, work, worship or attend school in MonroeCounty, which is the municipal boundary of the Florida Keys.
|“Keys' restructuring efforts continued in 2013 to providemembers greater access to services and products like mobile bankingand credit cards,” said Myra Toeppe, NCUA Region III Director and Agent for the Conservator in astatement on Friday. “We are encouraged by the credit union'ssteady progress.”
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