Small Texas credit union had 527 members, lost $295,200 in first quarter.
Chartered in 2007, First Kingdom Community FCU of Selma has 76 members, assets of $88,400 and no loans outstanding.
Two years ago, AEA Federal Credit Union’s future looked bleak as it nearly succumbed to the greed of a lending officer who took the cooperative to the brink of collapse.
Norfolk, Va., credit union paid three times in operating expenses what it made in gross income in 2012.
Mendivil had been serving as executive vice president of the conserved Arizona credit union for the past two years.
This in-depth look at a conserved and now recovering Arizona credit union is a preview from next week's print edition of Credit Union Times.
The $700 million Arrowhead Credit Union, still under NCUA control after its June 2010 conservatorship, reported 10.53% net worth as of 2012 year end, the NCUA said last week.
Former Arizona, Massachusetts, Rhode Island credit union executives hit with prohibitions.
California credit union was seized in June 2010, remains under conservatorship.
Texans CU in Dallas and Keys FCU in Florida on the mend, agency says.