The $1.4 billion Texans Credit Union, operating under a conservatorship, posted year-end net income of $21.7 million for 2014.
Three years after conservatorship, the $1.4B cooperative posts $21.7M year-end net income for 2014.
$1.4 billion credit union reported $23M net income and 3.64% net worth as of Dec. 31. NCUA's lawsuit against former CEO Addison ongoing.
Suit alleges misconduct, bad investments led to credit union's $16 million in losses.
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.
Conserved Dallas credit union hopes those types of loans will help with its comeback after commercial lending losses forced conservatorship.
A year after financial troubles led to its conservatorship, Texans Credit Union's fiscal health appears to be improving.
ABA economist responds to NCUA announcement, says $1.4 billion suburban Dallas credit union remains critically undercapitalized, delinquencies continue to rise.
In an apparent effort to remain financially sustainable, Texans Credit Union has received $60 million in subordinated debt.
Nearly a year after being placed in conservatorship, it appears Texans Credit Union has received $60 million in subordinated debt to keep it afloat.