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.
Lester Warby succeeds Michelle Johnson at $12 million Montana credit union previously sacked by a business loan scheme.
Rhonda Liddle, wife of convicted AEA executive William Liddle, appeals her conviction on technicalities and lack of evidence.
$5 million year-end net profit boosts net worth ratio to 4.72% at Yuma, Ariz.-based credit union.
Mountain West Credit Union Association Elects Robert Ramirez as board chair and Susan Frank as vice chair at league’s annual convention.
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.
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.
William Liddle already had been sentenced to 15 years in prison and ordered to pay back $25 million in restitution.