Former Patelco CEO takes helm on July 11 while outgoing CEO to continue in consulting role, concentrate on law practice.
Still working under a state order and a loan from its private insurer, Silver State Schools Credit Union is back in the black.
The privately insured Silver State Schools Credit Union of Las Vegas, on an urgent campaign to restore its balance sheet following a $22 million capital infusion and a $51 million net loss in 2009, sought last week to reassure its members.
Early January is typically a slow news time for us as the credit union industry awakes from its holiday slumber, but that is certainly not the case this year.
Silver State Schools Credit Union President/CEO Dave Rhamy had a tough December.
Two-thirds of the $883 Silver State Schools Credit Union's 6.7% delinquent loans are real estate.
Despite the unwelcomed publicity last month and a net worth around 4% at year-end 2009, Silver State Schools Credit Union President/CEO Dave Rhamy says he's qualified to facilitate the $883 million credit union's recovery.