CEOs share how they brought their credit unions back from conservatorship and regained cooperative independence.
The credit union’s new management team revitalizes operations during a five-year conservatorship period.
Credit union marks 48 straight months of positive earnings after being placed into conservatorship in 2011.
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.