The $117M cooperative’s net income quadruples as loans reach the $4M mark.
The $238 million AEA Federal Credit Union in Yuma, Ariz., reported net income of $3.8 million for 2014, while operating under a conservatorship.
The once financially-troubled credit union in Yuma, Ariz., sees growth in loans and net worth ratio.
Three years after conservatorship, the $1.4B cooperative posts $21.7M year-end net income for 2014.
The NCUA's stress test rule is also mentioned in the report as a good example of capital and liquidity planning.
More than two months after Kyle Markland suddenly resigned as president/CEO of Affinity Plus Federal Credit Union, the cooperative's third quarter financials reveal significant decreases in net income.
Las Vegas credit union posts year-to-date income of $10.9 million compared to year-ago loss of $1.6 million.
First half of 2013 shows stronger numbers, fewer credit unions than year-ago period in Dairy State.
Clark County CU continuing to see profitable quarterly reports with a second quarter posting of more than $2.3 million in net income.
Las Vegas credit union continues to share in hometown's economic recovery, CEO says.