New CEO cites loan loss provisions as struggling Las Vegas credit union continues red ink bath.
The distressed $712 million Silver State Schools Credit Union of Las Vegas confirmed again what analysts had expected: a first-half $2.8 million loss. But its new management continued again last week to claim progress is being made toward recovery.
New CEO of Las Vegas credit union cites positive signs in local economy, schools.
New CEO says management "continues working to stabilize" Las Vegas CU.
The David Rhamy saga at the long-ailing Silver State Schools Credit Union in Nevada ends next Monday with the CEO’s retirement and succession by the former CEO of Patelco Credit Union, Andrew Hunter.
Former Patelco CU CEO cites background with schools-related CUs, says he's ready to leave retirement behind.
American Share Insurance president says former Patelco CEO Andy Hunter was hired by troubled Las Vegas CU "for the long term."
Former Patelco CEO takes helm on July 11 while outgoing CEO to continue in consulting role, concentrate on law practice.
Part of continuing effort to cut expenses and restore financial health at Nevada's largest credit union.
Contending it needs to “focus solely” on its own members, Silver State Schools Credit Union is ending some of its shared branching operations in Nevada effective in August.